MSC takes delivery of aircraft
MSC has taken delivery of a new B777-200 freighter. The aircraft is the first MSC-branded plane and it will fly on routes between China, the US, Mexico and Europe, operated by...
Resolutions adopted for piracy repression code
SIGNATORIES to the Jeddah Amendment, a code focussed on preventing piracy, have agreed on next steps to enhance implementation of the code. The Jeddah Amendment to the Djibouti...
CMA CGM Q3 results show slowdown in profits
CMA CGM reported a slowdown in revenue and profit growth over the third quarter of 2022. The company said the quarter was “shaped by persistent geopolitical tensions” and...
North P&I Club to increase premiums for 2023-24
NORTH P&I Club has signalled its intention to apply a 10% general increase in 2023-24 premium rates amid swirling economic uncertainty and mounting inflationary pressures. The...
Baltic Exchange Market Report
THE BALTIC Dry Index ended last week on an increase. Friday’s BDI was 1324, up from the previous Monday’s 1177. A week on the up: the Baltic Dry Index for the week ending 25...
Gard and decarbonisation centre partner to de-risk uptake of technology
THE GLOBAL Centre for Maritime Decarbonisation and insurer Gard have signed an impact partnership agreement, committing to a five-year collaboration to accelerate decarbonisation...
World Container Index drops again
DREWRY’S composite World Container Index has decreased by 7% to US$2404.46 per 40-foot container. This is the 39th consecutive weekly decrease, this week’s figures marking a 74%...
Drug bust at Sydney freight depot, logistics employee arrested
AUTHORITIES have seized about 60 kilograms of cocaine from a Sydney freight depot and have arrested a logistics worker for allegedly monitoring drug imports. The man was one of...
Inmarsat to launch maritime safety terminal
INMARSAT has unveiled plans for a next-generation maritime safety terminal. The satellite communications company intends to connect the new terminal to Inmarsat’s ELERA L-band...
K+N takes delivery of first 747 freighter in Atlas Air deal
KUEHNE+Nagel has put into operation its first Boeing 747-8 freighter as part of the long-term charter agreement with Atlas Air. Kuehne+Nagel is expanding its air freight network...
Alternative fuels need more pilots projects, maritime tech forum says
THE SHIPPING industry needs more training and pilot projects to better understand the economic feasibility of bio-methanol and green ammonia, a report has found. An assessment...
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...
