Toll opens Belgium office
TOLL Group officially opened a new office in Belgium last month. Toll Group said it had been present in the country since 2009, serving customers through its office in the...
Top five global container lines control more than 64% of global capacity
AT the turn of the new year MSC is by far the largest ocean carrier by TEU capacity, followed by Maersk, then CMA CGM and COSCO, according to the latest available data from...
PIL joins MACN
PACIFIC International Lines is now a member of the Maritime Anti-Corruption Network. In a statement PIL said: “By joining MACN, PIL conveys its strong support of anti-corruption...
Maersk completes acquisition of project logistics company
MAERSK on Tuesday (3 January) announced it had completed the US$61-million acquisition of the Danish project logistics specialist Martin Bencher Group. Maersk regional managing...
ONE to acquire controlling stakes in three container terminals
OCEAN Network Express has signed deals to acquire controlling stakes in three container terminals on the US West Coast. ONE is to acquire a 51% stake in each of TriPac and Yusen...
Wiseway cancels jet lease agreement
ASX-listed logistics and freight company Wiseway Group is cancelling an aircraft lease agreement announced in August. The company announced it would lease a Boeing 737-800. The...
New leadership at shipping company
WALLENIUS Wilhelmsen has appointed Pia Synnerman as its new chief customer officer. Ms Synnerman joined the company in 2021 as head of sales to EMEA. She will step into her new...
BIMCO CII clause for time charters – the dust begins to settle
By Reed Smith transportation lawyers Nick Austin, Mike Adamson and Laura Hyne JUST as there is no easy route to decarbonisation, there is no straightforward way of balancing a...
Construction begins on Spirit of Tasmania V
CONSTRUCTION has officially commenced on Spirit of Tasmania V in Finland. Finnish shipbuilder Rauma Marine Constructions began work on the vessel at a steel cutting ceremony on...
UNCTAD forecasts global trade record and a tough year ahead
THE UNITED Nations Conference on Trade and Development forecasts a record $32 trillion for global trade value in 2022, but the upwards trend has taken a turn. UNCTAD’s latest...
Baltic Exchange weekly market report
THE BALTIC Dry Index rounded out last week on a high, hitting 1560, the highest it has been since late October. The Baltic Dry Index for the week ending 16 December 2022. Source:...
CMA CGM teams up with port for shore power
THE CMA CGM Group and Shanghai International Port signed a long-term strategic collaboration to develop the mass scale use of onshore power supply for containerships at the Port...
Changes afoot for Lloyds Open Form
SEVERAL organisations, including the International Chamber of Shipping, are working to revamp the Lloyds Open Form contract for vessel salvage in response to declining use by the...
Cathay Pacific cargo volumes down in November
CATHAY Pacific’s cargo volumes last month declined compared with the previous month despite it being the start of the traditional Christmas period, according to the airline’s...
Wärtsilä becomes ambassador for zero-carbon shipping centre
MARINE technology group Wärtsilä has become an official mission ambassador of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. The stated aim of the independent...
