The week in bulk: Capesize market picks up, Panamax market slows down
THE Baltic Dry Index ended last week at 2150 after a climb from 2067 on the previous Friday. The index dipped slightly in the middle of the week, hitting a nadir of 2002 on...
DCSA enters new phase of interoperable electronic bills of lading
THE DIGITAL Container Shipping Association has launched phase two of its electronic bill of lading platform interoperability proof of concept (PoC). eBL are a focal point of...
Global piracy incidents at lowest level in decades
THE International Chamber of Commerce International Maritime Bureau received the lowest number of reported incidents for the first half of any year since 1994. IMB’s latest global...
Container freight costs to soften for ag sector: report
AUSTRALIA’S agricultural sector can expect to contend with elevated ocean container shipping costs and ongoing supply disruptions for at least another year before a normalisation...
Nigerian government and shipping industry join forces on counter-piracy strategy
EFFORTS to eliminate piracy in the Gulf of Guinea have ramped up with the launch of a new strategy devised by industry and Nigerian authorities. Launched by the Nigerian...
Seafarers need better access to shore-based healthcare post-pandemic, ICS says
THE INTERNATIONAL Chamber of Shipping is calling on governments to do more to ensure seafarers can access healthcare ashore once pandemic circumstances have settled. The ICS noted...
Maersk withdraws from ICS board, strengthens membership with WSC
AFTER serving on the board of the International Chamber of Shipping for around a decade, Maersk has withdrawn its company representative from the board. Maersk reviews its...
Study shows just in time arrivals can reduce containership emissions
JUST in time arrivals could reduce ships’ fuel consumption and associated emissions, according to new research from the GreenVoyage2050 project. The project is a partnership...
Court rules container lashing to be assigned to dockers, not seafarers
A DUTCH court has ruled that ship managers, ship owners and charterers must honour a clause stipulating that cargo lashing work is to be assigned to dock workers rather than...
Swire charters three MPP vessels
SWIRE Projects has chartered three handysize multipurpose vessels from shipowner R. Braren. The 28,000-DWT vessels were built between 2010 and 2011 at Huanghai shipyard, China....
PIL joins WSC
PACIFIC International Lines has joined the World Shipping council as a new member. PIL was established in Singapore in 1967 and is today the 12th largest container shipping line...
Global trade hits record $7.7 trillion in Q1 2022
THE VALUE of global trade reached a record $7.7 trillion in the first quarter of 2022 but tightening policies and geopolitical frictions may bring the positive trend to an end,...
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...
