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...
Container shipping market on track to normalisation, analyst says
THE LATEST shipping market overview and outlook from BIMCO indicates the container market is on track to normalisation. Shipping association BIMCO publishes shipping market...
Maersk and IBM to discontinue TradeLens
MAERSK and IBM are discontinuing global trade platform TradeLens. Technology corporation IBM and Maersk division GTD Solution developed the blockchain-enabled platform in 2018. By...
UNCTAD calls for greater investment in ports and shipping
THE UNITED Nations Conference on Trade and Development is calling for greater investment in ports, shipping fleets and landside logistics. UNCTAD explored issues in the maritime...
Ammonia-fuelled bulker gains approval in principle
CLASSNK has issued an Approval in Principle for an ammonia-fuelled 200,000-DWT bulk carrier. The vessel was jointly developed by Itochu Corporation, Nihon Shipyard, Mitsui E&S...
