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...
Swire Shipping affiliate acquires Westwood Shipping Lines
SWIRE Shipping affiliate SSPL US has concluded the acquisition of independent vessel operator Westwood Shipping Lines. Westwood services the Transpacific trade as a multipurpose...
GSF study claims global liner market is more concentrated than other studies let on
CURRENT measures of competitiveness in the global liner shipping market are incomplete and therefore inaccurate, according to the Container Shipping Market Quarterly Review for...
Export restrictions are causing global food price pressure, report finds
EXPORT restrictions imposed by governments are exacerbating price rises and global food insecurity, according to a new report from the Australian Bureau of Agricultural and...
Seafarers fear decline in job opportunities as technologies emerge, research shows
THE RELATIONSHIP between seafarers and emerging maritime technologies is broadly positive, but more needs to be done to alter crew perceptions of digitalisation, new research has...
UNCTAD promotes blue deal at 2022 UN Ocean Conference
THE UNITED Nations Conference on Trade and Development is promoting a “blue deal” for global trade, investment and innovation at the 2022 United Nations Ocean Conference. The UN...
Ukraine war increasing shipping costs, stifling trade: UNCTAD
THE war in Ukraine is stifling trade and logistics is stifling trade and logistics in the wider Black Sea region, which is increasing global vessel demand and the cost of shipping...
DSV reports strong Q1 2022 results despite war and supply chain disruptions
FREIGHT forwarder DSV has outlined its latest financial results against the backdrop of supply chain disruptions caused by COVID-19 lockdowns and the conflict in Ukraine. DSV...
Analyst reports spike in service contacts filed with US maritime commission
OCEAN freight analyst Sea-Intelligence has reported a sharp increase in service contracts filed with the Federal Maritime Commission in the United States. According to...
Change at the top in Wallenius Wilhelmsen
WALLENIUS Wilhelmsen executive vice-president and chief operating officer shipping services Erik Noeklebye is stepping down and moving on. Mr Noeklebye said: “25 years in the...
Norwegian shipping company orders reliquefaction systems for new LNG carriers
NORWEGIAN shipping company Knutsen OAS Shipping has ordered three Compact Reliq reliquefcation plants from technology group Wärtsilä, to be installed on the shipping company’s new...
Twelve dead in gas tank loading incident at Port of Aqaba, Jordan
A TOXIC gas leak from a storage tank in Port of Aqaba, Jordan, has killed at least 12 people and injured 251 people. Footage from the incident on 27 June shows a storage tank...
Swire Bulk launches liner service between South East Asia and Europe
SWIRE Bulk is launching its first liner service between South East Asia and Europe, with one or two vessels deployed on a monthly rotation. The new service will load cargo in...
