DSV posts significant profit growth for Q3 2022
DANISH transport and logistics company DSV has reported increases in profit across its divisions for the third quarter of 2022. In the first nine months of the year, gross profit...
Logistics company reports “best-ever nine-months results”
SWISS logistics company Kuehne+Nagel reported its “best-ever nine-months results” yesterday. The company said in the first nine months of 2022 its net turnover increased by 40% to...
ICS proposes fund to award low-emission fuel first movers
THE INTERNATIONAL Chamber of Shipping has announced proposals to accelerate the maritime sector’s transition to net zero by financially rewarding ships and energy producers that...
HRAS asks: Is the global maritime sector effective in human rights implementation?
SIGNIFICANTLY more investment and development is needed to increase the implementation of the UN Guiding Principles on Business and Human Rights in the global maritime sector,...
Baltic Exchange weekly market report
THE BALTIC Dry Index rounded out last week at 1819. The BDI since the start of October has been fairly stable, meandering around between a low of 1788 (on 3 October) and a high of...
OPINION: The UK’s new legislation on paperless trade
AS READERS would be aware, there is currently significant work being conducted around the world aimed at modernising and facilitating trade. Part of that work includes attempts to...
Seafarer vaccination rates up, crew change in China still a problem
THE NUMBER of seafarers able to leave their vessels has improved in the past months, but Covid restrictions in China are still causing crew change problems. The first Quarterly...
PacTow GM takes on English Channel swim for charity
PACIFIC Towing general manager Neil Papenfus could next year become the first person from Papua New Guinea to attempt to swim across the English Channel. Mr Papenfus plans to...
HK authorities seize Aus-bound drugs
AUSTRALIAN Federal Police investigators are seeking information about 76 kilograms of methamphetamine that Hong Kong Customs and Excise officers seized on Thursday (October 13)...
Inmarsat launches new digital service
INMARSAT has announced the launch of Fleet Xpress portfolio, an addition to its existing Fleet Xpress network. The release of the new portfolio responds to a reported 45% increase...
ICS backs efforts to reduce whale strikes
THE INTERNATIONAL Chamber of Shipping has voiced its support for an emerging industry effort to reduce ship strikes to whales. The ICS commended the measures the shipping industry...
Association calls for greater ship recycling capacity
INSUFFICIENT ship recycling capacity in the European Union has prompted BIMCO to call for more facilities outside the EU. According to BIMCO’s Report on the European List of Ship...
Baltic Exchange market report
The Baltic Dry Index last week slightly down after minor ups and downs. The index started the week at 1944 on 10 October, which was the high point for the week. It declined...
Shipping company welcomes new leader
WALLENIUS Wilhelmsen has appointed a new chief operating officer shipping. Xavier Leroi has worked with the shipping company since 1997 and was most recently its chief customer...
Piracy incidents at lowest levels in three decades
THERE were only 90 reports of piracy and armed robbery against ships in the first nine months of this year, according to the International Chamber of Commerce International...
