Life at Sea 2022 crew photography winners recognised
WINNERS of the ITF Seafarers’ Trust photo competition will receive their awards this week at a crewing conference in Manila. Seafarers participating in the Life at Sea 2022...
Fire, inflation, etcetera – trends in marine insurance claims
FIRE and explosion incidents cause the most expensive insurance claims in the marine industry, while at a time of rising exposures and inflation, cargo damage is the most frequent...
New trade deals to strengthen trade and economic relationships: PM
AUSTRALIAN exporters, businesses, workers and consumers will soon be able to reap the opportunities and benefits of more open trade with India and the United Kingdom with the...
INSIGHT: Commencement of Australia’s free trade deals with the UK and India comes closer
IT HAS been a busy few weeks in the Australian Federal Parliament. The Joint Standing Committee on Treaties (JSCOT) in parliament issued its reports into proposed treaty action...
BIMCO campaign to reduce plastic bottles on ships
BIMCO has launched a campaign to reduce waste from single-use plastic bottles on ships. The organisation has partnered with reusable bottle brand Ocean Bottle to create co-branded...
Maersk Line and Hope Hicks settle sexual assault case
MAERSK Line and former midshipman Hope Hicks have resolved Ms Hick’s litigation case against the company for sexual assault and harassment on one of its ships. Ms Hicks brought a...
Baltic Exchange weekly market report
THE BALTIC Dry Index fell further this past week. It started at 1325 on Monday (14 November) and ended the week at 1189 on Friday (18 November). The Baltic Dry Index for the week...
World Container Index continues to plummet
DREWRY’S composite World Container Index decreased by 7% this to US$2591.41 per 40-foot container. This was the 38th consecutive weekly decrease. The index has dropped by 72% when...
Zim posts record results for first nine months of 2022
ZIM has posted a record net income for the first nine months of 2022, but TEU volumes decreased in the same period. The company reported a net income of US$4.2 billion for the...
Governments urged to do more for shipping's role in energy transition
A REPORT suggests deficiencies in international government projects and policies are holding back investment in the shipping infrastructure needed to support the global energy...
IMO adopts new code for ships carrying workers offshore
THE INTERNATIONAL Maritime Organization’s Maritime Safety Committee has adopted a mandatory code for ships carrying industrial workers to offshore facilities. The IMO Maritime...
Better connectivity at sea can support decarbonisation, report says
A STRATEGIC approach to connectivity at sea could influence the outcome of the shipping industry’s decarbonisation efforts, a new report suggests. Global satellite communications...
New regional leader at Hapag-Lloyd
HAPAG-Lloyd has appointed Stuart Sandlin as president of the company’s North America operations. Mr Sandlin is taking the place of Uffe Ostergaard in the role. Mr Sandlin is...
Hapag-Lloyd's profit more than doubles in first nine months of 2022
HAPAG-LLOYD's profit in the first nine months of 2022 was up 120% on the same period last year, while its TEU volumes increased by less than 0.1% Group profit reached US$14.7...
Containership fire prevention methods inadequate, insurer says
FREIGHT transport and logistics insurer TT Club is calling for a better approach to preventing containership fires. TT Club said it believes regulation and fire-fighting technique...
