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...
One-tonne cocaine haul intercepted at Port Botany
AUSTRALIAN Border Force officers seized more than a tonne of cocaine from two shipping containers at Port Botany last week. The Australian Federal Police is now seeking...
Baltic Exchange Market Report
THE Baltic Dry Index remained relatively flat over the past week. It started the week at 1337. It rose to a high of 1393 on Wednesday before settling to 1355 on Friday. The Baltic...
BIMCO joins consortium using digitalisation to decarbonise
BIMCO has joined a consortium with a vision to reduce the shipping industry’s greenhouse gas emissions by optimising vessel arrival times. The Blue Visby Consortium comprises 15...
Taskforce launches plan to upskill seafarers for energy transition
THE MARITIME Just Transition Task Force has launched an action plan to help governments and industry train seafarers to handle alternative fuels. United Nations organisations,...
Container surplus to continue into 2023: report
THE INDUSTRY is witnessing a major slump in the order-to-inventory ratio with high inventories but slower demands, according to the November edition of the Container xChange...
Logistics company welcomes new leader
RÖHLIG Logistics has appointed Niels Rudolph as director of global contract logistics. The logistics company said Mr Rudolph will be responsible for its global warehouse...
