COP27 talks position shipping in global energy transition
DECARBONISATION in the shipping sector may spur sustainable progress in other sectors, according to the International Chamber of Shipping. The ICS said talks at COP27 in Sharm...
CargoWise connects with air cargo business
THE CARGO division of International Airlines Group (IAG Cargo) is now integrated with CargoWise. IAG Cargo uses the freight capacity of International Airlines Group passenger...
Søren Skou to retire
THE NEW year will see a new CEO at the head of the world’s second-largest ocean freight carrier. Søren Skou will step down as A.P. Møller - Maersk CEO. The current CEO of the...
MOL to trial satellite communications service on fleet
MITSUI O.S.K. Lines has entered an agreement with Marlink to trial a satellite communications service on MOL ships. The service, Starlink, is enabled by US-based spacecraft...
Baltic Exchange weekly market report
THE BALTIC Dry Index ended last week at 1386 on 9 December. This past week was slightly up after several relatively flat weeks. The Baltic Dry Index for the week ending on 9...
Air cargo strengthens airlines in 2022, braces for pressure in 2023
THE INTERNATIONAL Air Transport Association expects airlines to post billions in losses for 2022 but highlighted the strength of the air cargo industry. IATA expects airline net...
CMA CGM to acquire two US container terminals
THE CMA CGM Group has signed an agreement to acquire Global Container Terminals’ New York and Bayonne terminals. The Port of New York and New Jersey is a key entry point serving...
ICHCA details ammonium nitrate safety measures
ICHCA International has released a whitepaper that outlines best practice in the management of risk on vessels carrying ammonium nitrate. The organisation said the risks posed by...
A call for evaluations on offloading of shipboard-captured CO2 at ports
THE GLOBAL Centre for Maritime Decarbonisation has issued an invitation-for-proposal to evaluate the safety, technical and operational requirements for offloading shipboard...
Rogue wave kills cruise passenger
A ROGUE wave hit the cruise ship Viking Polaris while it was sailing towards Ushuaia Argentina last week; one passenger was killed and a further four passengers were injured. A...
The DCN Weekly: Episode 26
THE Queensland government launched a $21 million grants program this week. The Backing Queensland Maritime Jobs Program is intended to stimulate investment in the state's maritime...
Baltic Exchange weekly market report
TEXT THE BALTIC Dry Index rounded off last week at 1324, slightly up on the previous two weeks, but down from a high on Wednesday of 1355. The Baltic Dry Index for the week ending...
Air cargo capacity and demand down ahead of peak-season boost
THE INTERNATIONAL Air Transport Association has reported its first year-on-year air cargo capacity contraction since April 2022. IATA’s data for October 2022 indicates capacity...
40 years of UNCLOS marked at IMO headquarters
THE LINKAGES between the United Nations Convention on the Law of the Sea (UNCLOS) and IMO were explored during an event held on 28 November at IMO Headquarters to mark 40 years...
Freight rates continue decline
LONG-term ocean freight rates suffered a steep month-on-month decline in November as subdued spot prices, weak demand, and ongoing economic uncertainty caught up with contracted...
