ITF recovers US$37 million in unpaid crew wages
THE International Transport Workers’ Federation said is has recovered more than US$37 million in unpaid wages owed to seafarers. The union said its 125 inspectors and...
Maersk announces new bio-methanol partnership
MAERSK has partnered with Chinese bioenergy technology company Debo on plans to develop a bio-methanol project for Maersk in China. A letter of intent signed by the companies...
The week in bulk: BDI hits lowest point in more than a year
THE Baltic Dry Index continued its weeks-long decline, hitting the lowest point in more than a year on Friday (19 August) when it hit 1279. A downward trend: the Baltic Dry Index....
Freight rates to decline on lower vessel utilisation: analyst
WITH vessel utilisation rates declining, ocean shipping analyst Sea-Intelligence said freight rates are due for a decline. Sea-Intelligence CEO Alan Murphy said even though demand...
New digital tools to help maritime economies overcome trade disruptions
THE UNITED Nations Conference on Trade and Development is launching new digital tools to help maritime countries and ports reinforce supply chains against disruptions. UNCTAD said...
Geodis to acquire contract logistics specialist
TRANSPORT and logistics company Geodis has signed an agreement to acquire the American company Need It Now Delivers. Geodis said the acquisition will enable the company to...
ONE goes live with digital rate transfer through CargoWise
OCEAN Network Express has connected to logistics platform CargoWise to enable automated and fully digital transfer of contract rates. ONE said the digital connection will enable...
Svitzer signs EcoTow contract
A EUROPEAN provider of short-sea transportation services for cars, UECC, has signed a three-year contract for Svitzer’s EcoTow product. EcoTow replaces fossil fuels with biofuels...
Abandoned cargo ship poses risk of "environmental as well as human disaster"
AN ABANDONED cargo ship broken down near a busy African shipping lane is posing a risk to passing ships and the seafarers still on board, according to the International Transport...
Evergreen Marine’s greenhouse gas emissions inventory certified
DECARBONISATION is the name of the game these days – but you can’t reduce what isn’t measured in the first place. Evergreen Marine recently carried out a systematic inspection and...
Diversity in Maritime Charter program welcomes new member
THE Seafarers’ Charity has joined the Diversity in Maritime Charter, an industry initiative which aims to close diversity and inclusion gaps in the maritime workforce. The charter...
Zim invests in tracking tech company
OCEAN carrier Zim Integrated Shipping Services has invested US$5.5 million in asset and fleet visibility systems developer Hoopo. The investment was part of a Series A financing...
Drewry container index decreases for 24th consecutive week
DREWRY’s composite World Container Index decreased by 3% this week to US$6430 per 40-foot container. Source: World Container Index, Drewry Supply Chain Advisors The figure...
The week in bulk: In the doldrums
THE Baltic Dry Index continued its downward march over the past week. It wound up on Friday at 1477 – the lowest point since the beginning of February this year. The BDI started...
Wellbeing training should be mandatory for cadets, Wellness at Sea delegates say
THE FIRST event in a series of global wellness conferences for cadets has been lauded as “an overwhelming success” for its turnout of 1600 aspiring seafarers. More than 96% of the...
