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...
ICTSI reports revenue, throughput and profit increases
INTERNATIONAL Container Terminal Services reported big increases in revenue and profits over the first nine months of 2022. The Victoria International Container Terminal parent...
Australia joins Green Shipping Challenge at COP27
AUSTRALIA signed up to the Green Shipping Challenge at the COP27 conference. US President Joe Biden invited Australia to join the challenge at the Major Economies Forum in June....
IATA reports softer air cargo demand in September
AIR cargo demand softened in September, according to the International Air Transport Association. Global demand, measured in cargo tonne-kilometres (CTKs), fell 10.6% from figures...
Vessel operating costs rising: report
INFLATION of vessel operating cost inflation has accelerated in 2022, according to maritime consultancy Drewry’s Ship Operating Costs Annual Review and Forecast 2022/23 report....
Australian H2 tech developer appoints strategic advisor
AUSTRALIAN hydrogen company Provaris has appointed a strategic advisor to support the company’s team in Norway. The company’s Norway office is working on opportunities for...
Maritime taskforce to launch action plan at COP27
THE MARITIME Just Transition Task Force plans to use its position at COP27 to launch new material on seafarers' role in the shipping industry’s energy transition. The taskforce...
