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...
Hapag-Lloyd profits up 188% for first half of 2022
HAPAG-LLOYD has reported a group profit of almost US$9.5 billion for the first half 2022, up US$6.2 billion on the first half of last year, a 188% increase. However, transport...
Seaspan parent company reports quarterly revenue increases
SEASPAN parent company Atlas Corporation announced a quarterly EBITDA of US$279.5 million – an increase of 2.6% on the same period last year. For the quarter ending 30 June, the...
BHP looking to retrofit bulker with a Rotor Sail
AUSTRALIAN miner BHP is partnering with Pan Pacific Copper and Norsepower for the retrofit installation of a wind-assisted propulsion system on a ship. The three companies are...
Australian hydrogen supply-chain company establishes European base
AUSTRALIAN hydrogen supply chain developer Provaris has established an office in Norway. The ASX-listed company is working to establish a green hydrogen export facility on the...
Incat Crowther catamaran enters into service
The Incat Crowther-built ferry Indomal Empire has entered into service. The 255-seat passenger ferry is operating services on the Malacca Strait between Indonesia and Malaysia....
Investor consortium to buy Atlas Air Worldwide for US$5.2 billion
AIR freight company Atlas Air Worldwide has announced it will be acquired by a consortium of investors led by private equity firm Apollo. Apollo, alongside investment firm...
Global demand for coal set to increase despite slowing economy
CONSUMPTION of coal is to rise slightly over 2022 to the record levels reached nearly a decade ago, according to a recent report from the International Energy Agency. According to...
The week in bulk: BDI continues decline
THE Baltic Dry Index saw a marked decline last week. The index ended the week on Friday (5 August) at 1560, the lowest point since February this year. The index fell 17% last week...
ILO urges industry to take action against discrimination and abuse at sea
THE INTERNATIONAL Labour Organization is calling for stronger action in preventing discrimination, physical abuse and mental abuse at sea. The ILO’s Special Tripartite Committee...
Zim and WiseTech Global announce data exchange partnership
WISETECH Global and Zim have partnered to exchange data through a direct connection between their systems. The intent of the CargoWise-Zim data connection is to provide CargoWise...
RightShip to expand with acquisition of maritime tech business
ESG focused digital maritime platform RightShip is acquiring a maritime technology business from Thynk Software, expanding its team and capabilities. Once the acquisition is...
Very big ship delivered to ABS class
EVER Alot has been delivered to ABS class. According to ABS, the vessel is the largest containership in the world with just over 24,000 TEU capacity. The vessel is the latest in...
Maersk increases guidance, announces big quarterly profits
MAERSK has reported second-quarter 2022 profits ahead of its previous expectations. The company reported its revenue for the quarter was US$21.7 billion, its underlying EBITDA was...
