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...
Singapore and Rotterdam to establish “green and digital corridor”
THE Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam have signed a memorandum of understanding to establish what they say is the world’s longest “green and...
First ship carrying grain out of Ukraine departs Port of Odesa
A SHIP carrying 26,527 tonnes of Ukrainian corn is underway in the Black Sea, having departed Port of Odesa on Monday. It is the first to transport grain out of Ukraine since...
Geodis reports strong 2022 performance, but notes uncertainty of maritime pressures
LOGISTICS group Geodis has reported revenues of €6,748 million for the first half of 2022, an increase of 34% in comparison to the first half of 2021. The group said the increase...
Crew survey points to "the beginning of the end" of COVID challenges at sea, mostly
THE SEAFARERS Happiness Index has revealed “a welcome rise in optimism” for the second quarter of 2022, as solutions to crew welfare challenges emerge. The index is an initiative...
Hapag-Lloyd earnings soar while volumes are flat
HAPAG-Lloyd posted significant earnings increases for the first half of 2022, and it raised its earnings outlook for the full year. These increases were not the result of...
DP World reports increasing volumes and productivity
DP World Australia has reported strong growth in container throughput and efficiency at its terminals. It said waterside performance increased in 2021 compared to 2020,...
