The week in bulk: Capesizes active, Panamaxes see losses
THE Baltic Dry Index continued the past few weeks’ slow and steady decline, settling at 2067 on Friday 8 July. This was a 7% decline on the previous Friday (1 July), and an 11%...
Going paperless could generate US$1.2 trillion in Commonwealth trade, report finds
A RECENT analysis suggests widespread paperless trade could generate an additional US$1.2 trillion (around $1.8 trillion) in trade by Commonwealth nations in the next four years....
Wilhelmsen subsidiary orders two carbon-neutral containerships
WILHELMSEN’S zero-emissions shipping company Topeka has ordered two carbon neutral, methanol-fuelled 1300-TEU containerships, together with partners MPC Container Ships and MPC...
IMO at UN Ocean Conference
INTERNATIONAL Maritime Organization representatives at the United Nations Ocean Conference in Lisbon, Portugal (27 June to 1 July 2022) highlighted the organisation’s ongoing...
PIL orders four 8000-TEU dual-fuel containerships
PACIFIC International Lines has awarded a contract today to Yangzijiang Shipbuilding for the construction of four 8000 TEU LNG dual-fuel containerships. PIL said the vessels would...
Maersk acquires safety training specialist company
MAERSK has completed the acquisition of safety training specialist ResQ for its subsidiary Maersk Training. According to a statement from Maersk, ResQ has five survival centres in...
Proman Stena Bulk takes delivery of second methanol-fuelled tanker
PROMAN Stena Bulk, a joint venture between methanol producer Proman and tanker shipping company Stena Bulk, has this week taken delivery of its second methanol-powered newbuild...
Global shipping industry and customs authorities join forces to tackle illicit drug trade
REPRESENTATIVES from shipping companies and customs authorities around the world met in Brussels recently to strategise ways to step up the fight against drug trafficking. A...
Deaths of 13 dockers and seafarers in Aqaba port should have been prevented, ITF says
THE TOXIC gas leak which killed 13 port workers and seafarers in Port of Aqaba, Jordan last week “should never have happened in the first place”, according to the International...
GMF refocuses Neptune Indicator as crew change crisis eases
THE NEPTUNE Declaration Crew Change Indicator is transitioning to reflect the apparent easing of the so-called crew change crisis. The Neptune Indicator has been published monthly...
INSIGHT: A mixed week for news on Free Trade Agreements in the northern hemisphere
AS READERS would be aware, both Australia and New Zealand have been pressing forward to complete Free Trade Agreements (FTAs) in the northern hemisphere, including FTAs with the...
WiseTech acquires eBL provider Bolero
AUSTRALIAN logistics software colossus WiseTech Global has acquired Bolero, a provider of electronic bills of lading and digital documentation capabilities for global trade....
The week in bulk: A mostly mild week
THE Baltic Dry Index on Friday 1 July was 2214, a very slight decline from the previous Friday’s 2331. The BDI average for the week ending this past Friday was 2228, down 8% on...
New CEO for PIL
LARS Kastrup today (1 July) was named the new CEO of Pacific International Lines Mr Kastrup has been in the role of co-president and executive director since March 2021. He is a...
Schedule reliability in May slightly lower than 2021 levels
THE LATEST data from shipping analyst Sea-Intelligence suggests global schedule reliability is currently between 30% and 40%, following a trend seen in 2021. It said schedule...
