Data usage on the rise at sea, Inmarsat says
DATA usage on ships has jumped more than three-fold since 2019, according to an analysis from Inmarsat Maritime. Inmarsat said the surge underlines the shipping industry’s...
Global schedule reliability on an upwards trend
GLOBAL shipping schedule reliability is gradually improving, according to the latest data from Sea-Intelligence. Schedule reliability has reportedly increased to 40.5% in July...
Maersk to sell share in Russian port operator
MAERSK has agreed to sell its 30.75% shareholding in Russian container terminal operator Global Ports Investments. Maersk said on Monday its terminals business APM Terminals had...
$155 million drug haul intercepted at Port Botany
FOUR people have been charged over their alleged involvement in a $155 million drug shipment stashed inside a shipping container that arrived at Port Botany earlier this month....
Austal posts revenue drop in FY22
AUSTRALIAN shipbuilder Austal has posted its second-highest EBIT on record for the 2022 financial year, but a drop in revenue. The latest financial results suggest Austal’s...
Shipping association pushes GHG proposals to IMO
THE World Shipping Council has made suggestions to the International Maritime Organization to ensure GHG regulations adequately drive the industry’s transition to alternative...
Maersk and container manufacturer terminate divestment agreement
MAERSK has announced its US$987 million divestment agreement with China International Marine Containers has fallen through. In September last year, A.P. Moller – Maersk confirmed...
Brown Marmorated Stinkbug season is almost here
BORWN Marmorated Stinkbug season is fast approaching, putting the shipping industry and its stakeholders on high alert. Between 1 September 2022 and 30 April 2023, seasonal...
New air freight carbon offset program launched
CATHAY Pacific has introduced a carbon offset program for air freight, powered by a carbon emissions calculator. The program, Fly Greener, follows the launch of Cathay Pacific’s...
Hapag-Lloyd to upgrade 150 ships
HAPAG-Lloyd has announced plans to upgrade 150 ships to technically modernise its fleet and reduce carbon emissions. The launch of the company’s Fleet Upgrade Program follows the...
Industry drops Indian Ocean "high-risk" piracy classification
FROM 1 January 2023, the boundaries of the high-risk piracy area off the coast of Somalia will no longer exist. The global maritime industry bodies have decided to declassify the...
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...
