UNCTAD warns shipping of "rougher seas ahead" as crises evolve
THE United Nations Conference on Trade and Development has told the shipping industry it faces “rougher seas ahead” during what it describes as a historic moment of crisis. UNCTAD...
The week in bulk: Capesize market lurches upwards
THE Baltic Dry Index last week continued to climb up from the nadir it hit late last month. On Friday the BDI was at 1816, up from the low of 965 on 31 August. A climb up from a...
AMSA leads Indian Ocean search and rescue exercise
AN INTERNATIONAL exercise led by the Australian Maritime Safety Authority has helped prepare maritime nations bordering the Indian Ocean for search and rescue operations....
Ceva and HMM enter partnership deal
CEVA Logistics has signed an agreement with South Korean shipping company HMM to connect more shippers with ocean capacity. The agreement will remain in place until 2025, bringing...
Marine insurance premiums rose for the past two years
GLOBAL marine insurance premiums were up in 2020 and 2021, but clouds are gathering for 2022. The International Union of Marine Insurance (IUMI) on Monday presented its analysis...
Containers overboard after Sea Eagle sinking
GENERAL cargo ship Sea Eagle sank while cargo was being offloaded at the Turkish port of Iskenderun this week. According to reports, from 17 to 24 containers went overboard and...
Maersk Tankers restructures business, welcomes new leaders
MAERSK Tankers will soon welcome two new executive leaders as it prepares to divide its commercial business into three strategic areas. Maersk Tankers manages chartering, partner...
Container shipping market is turning a corner, analysis shows
GLOBAL container shipping turned a corner in the second quarter of 2022 according to a market review from the Global Shippers Forum and transport economics firm MDS Transmodal....
Wallenius Wilhelmsen to open new Queensland site
RO-RO specialist Wallenius Wilhelmsen is establishing a new equipment processing and technical services facility at the Brisbane Airport precinct. The site, which is scheduled to...
The week in bulk: Capesize revival
THE Baltic Dry Index showed some improvement over the past week after months of steady decline. The index ended the week at 1553, up from the previous Friday’s 1213. A turnaround...
Efficient yacht to be built on Incat Crowther’s design
AUSTRALIAN shipbuilding and engineering company Incat Crowther has partnered with YCTS to design Shadowolf, a single-hulled support yacht. The design is catamaran support yacht...
IMO working group tackles autonomous shipping questions
REGULATING maritime autonomous surface ships (MASS) has implications for safety, legal and facilitation instruments under the purview of the international Maritime Organization....
Black Sea shipping corridor continues to stabilise food markets
THE Black Sea Grain Initiative is continuing to stabilise global food markets, according to the United Nations Conference on Trade and Development. The initiative is a...
Is the 20-foot container on its way out? Drewry says no
THE 20-foot dry freight container is not going anywhere, according to maritime research consultancy Drewry. A-footer a contraction in output of newbuild 20-foot shipping...
DB Schenker up for sale
DEUTSCHE Bahn is putting its Schenker logistics business up for sail, according to a report from Reuters. An initial public offering and a direct sale were stated as options for...
