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...
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...
