Global container numbers to decline for first time in 14 years: Drewry
THE war in Ukraine; sharp rises in global energy and food prices; and increasing rates of inflation continue to have a negative impact on the container shipping industry,...
Big profits for Maersk again, but clouds are on the horizon
MAERSK continues its streak of big profits, with its 16th quarter in a row with year-on-year earnings increases. However, the company has signalled that earnings in its Ocean...
WiseTech acquires data-entry automation business
SOFTWARE company WiseTech Global has acquired Shipamax, a data-entry automation software business. Shipamax uses and AI and machine learning to convert unstructured data – such as...
Change in Teekay management
TEEKAY Corporation executive vice-president and chief financial officer Vince Lok is retiring after nearly 30 years with the company; he has been the company’s CFO for the past 16...
Big quarterly results at WW despite challenges
WALLENIUS Wilhelmsen has posted results for "strongest quarter on record". The shipping company’s EBITDA reached US$440 million in the third quarter of 2022, up 41% on the...
IMO carbon intensity and rating system rules now in force
AMENDMENTS to the International Convention for the Prevention of Pollution from Ships (MARPOL) entered into force on 1 November. The International Maritime Organization said...
Shipping line puts in order for 24,000-TEU methanol-capable ships
ORIENT Overseas Container Line has ordered seven methanol-compatible 24,000-TEU containerships. The Hong Kong-headquartered company expects delivery of these new ships to start...
ICS says crew safety must be prioritised in Black Sea corridor talks
THE INTERNATIONAL Chamber of Shipping is calling for crew safety to be prioritised while the Black Sea maritime corridor is discussed. Russia pulled out of the Black Sea Grain...
Survey finds crew wellbeing is improving, but some welfare issues are not
ACCESS to shore leave has improved over the past few months but seafarers are still struggling with workloads, according to the latest Seafarers Happiness Index report. Mission to...
Industry underestimates danger of lithium-ion batteries, insurers say
FAILURE of lithium-ion batteries poses a larger safety threat to the maritime supply chain than the industry realises, a new whitepaper suggests. The Lithium batteries whitepaper,...
NGO calls for regulation of ship speeds
THE INTERNATIONAL Fund for Animal Welfare is calling on the shipping industry to regulate vessel speeds. An independent economic analysis carried out for the NGO suggests a small...
Record exports under Black Sea grain deal as Russia pulls out
THE BLACK Sea maritime corridor saw a record volume of agricultural products exported on Monday (31 October) despite Russia pulling out of the Black Sea Grain Initiative. Russia...
PIL launches intermodal service
PACIFIC International Lines has announced the launch of PIL Intermodal Services to complement its container shipping service. PIL Intermodal Services offers train, truck and barge...
Spirit of Tasmania IV reaches new milestone
SPIRIT of Tasmania IV’s keel was laid on Friday (28 October). Shipbuilder Rauma Marine Constructions hosted a keel-laying ceremony for the vessel at its facility in Finland....
Maersk Air Cargo's first flight takes off
MAERSK Air Cargo, the shipping company's new freight division, is taking off today (31 October) with the first trans-Pacific flight. The inaugural service will operate between...
