Air cargo demand softens amid economic headwinds
GLOBAL air cargo demand softened in November 2022, according to the latest data from the International Air Transport Association. Global demand, measured in cargo...
MPV sector looks to a relatively bright 2023: Drewry
MULTIPURPOSE vessel rates are expected to soften through the coming year, but the rate of decline is expected to be less than in competing sectors such as containerships and...
DNV software hit with cyberattack
DNV’s ShipManager software was subject to a cyberattack on Saturday (7 January). The assurance and risk-management company confirmed the cyberattack on Monday (9 January) and said...
Maritime Charities Group welcomes new chair
THE MARITIME Charities Group has appointed Tim Slingsby of Lloyd’s Register Foundation as the charity’s new chair. Mr Slingsby is director of skills and education at Lloyd’s...
Logistics company appoints new executives
LOGISTICS company Geodis has appointed three leaders to its executive committee. On Monday it announced the appointment of Stéphanie Hervé as group executive vice president,...
Inflation and recession biggest concerns for 2023
SUPPLY-chain leaders see inflation and recession as the biggest factors for business in the coming year, according to a recent report from online logistics platform Container...
New study to explore green fleet renewal opportunities
DNV has partnered with a sustainable shipping alliance on a study aimed at decarbonising shipping in the Baltic and North Sea. The classification society and the Responsible...
Approval in principle issued for ammonia barge
CLASSNK has issued an approval in principle for an ammonia floating storage and regasification barge (A-FSRB) jointly developed by NYK Line, Nihon Shipyard (NSY), and IHI...
2022 record year for tanker derivative volumes
THE DERIVATIVES market for clean and dirty tankers saw increased traded volumes in 2022, according to data from the Baltic Exchange. Tanker-forward freight agreement volumes hit...
World Container Index increases for the first time in 43 weeks
DREWRY’S composite World Container Index increased by 0.7% to US$2135.16 per 40-foot container this week – the first increase in 43 weeks. While the index increased this week, it...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued a steep decline this past week, hitting 1130 on Friday. The decline began after the index saw a peak of 1723 on 21 December; it has declined every...
275 alternative-fuelled ships ordered in 2022
TWO hundred seventy five ships with alternative fuels (excluding battery-operated vessels) were ordered in 2022, according to DNV’s recently published Alternative Fuels Insight...
Satellite to detect uncooperative vessels at sea launched
UNSEENLABS this week launched its eighth satellite dedicated to the location of vessels at sea from space. Unseenlabs is a company that specialises in detecting radio frequency...
China Shipowners’ Association joins ICS
THE CHINA Shipowners’ Association has joined the International Chamber of Shipping as a full member. The CSA is to join the ICS Board, which oversees the policy positions ICS...
Global assurance provider to acquire Australasian ESG specialist
LRQA, a global assurance provider, is to acquire Sustainable Assurance Solutions (SAS), a provider of supply-chain sustainability audit, consulting and training services based in...
