Incat Crowther wins contract to design CTVs
AUSTRALIAN vessel designer Incat Crowther was awarded a three-vessel order from Windea CTV, a US-based operator of crew-transfer vessels. Two of the CTVs will be built by St Johns...
IMO adopts resolution to evacuate seafarers from Ukraine
THE INTERNATIONAL Maritime Organization has adopted a resolution to facilitate the evacuation of seafarers from the Black Sea and Sea of Azov. Adopted by the IMO Maritime Safety...
The week in bulk: Positive week for Capesize market
THE Baltic Dry Index remained fairly flat over the past week, showing very modest week-on-week gains. The BDI on Friday 29 April was 2404, up 4% on Friday the previous week (22...
Seafarers Happiness Index hits all-time low
SEAFARERS’ welfare and job satisfaction levels have reached an all-time low according to the latest data from the Seafarers Happiness Index. An initiative of the Mission to...
ONE reports astronomical full-year profits
OCEAN Network Express reported a record profit of US$16.8 billion for the 2021 financial year – this was an increase of US$13.3 billion, or 381%, on the previous year. ONE’s...
New initiative to support Ukrainian port workers
THE INTERNATIONAL Association for Ports and Harbors has joined forces with The Seafarers’ Charity to assist port workers and their families in Ukraine. The initiative reflects the...
Global Maritime Forum appoints new chair and board members
THE GLOBAL Maritime Forum has welcomed four new members to its board of directors, including a new chair. Jan Dieleman, president of Cargill Ocean Transportation, was elected...
China port congestion to remain high: analysts
PORT congestion is rebounding in northern Chinese ports and it is not expected to let up for the next several weeks at least, according to analysis from S&P Global Market...
Swire Shipping affiliate to acquire Westwood Shipping Lines
SWIRE Shipping has announced its affiliate SSPL US has signed a definite agreement to acquire Westwood Shipping Lines, an independent vessel operator based in the United States....
Aussie freight and logistics operator to open Chicago cargo hub
WISEWAY Group is planning to establish a new cargo hub in Chicago. With the new facility, the ASX-listed integrated freight and logistics operator will have a network covering 11...
Maersk revises 2022 guidance upwards as container volumes fall
A.P. Møller - Mærsk has revised its full-year 2022 guidance up; the company now expects its full-year underlying EBITDA to be around US$30 billion (previously around US$24...
Toll to pay $8.6 million for allegedly violating US sanctions
TOLL has agreed to pay to pay US$6.1 million ($8.6 million) to settle its potential civil liability for 2958 apparent violations of sanction programs administered by the US Office...
Kuehne+Nagel reports big 1Q 2022
KUEHNE + Nagel’s results for the fist quarter of 2022 was marked by big increases in turnover, earnings and profit. The company’s net turnover increased by 68% to CHF 10.2 billion...
OPINION: Eliminating the risk of container-stack collapses – solutions and unseaworthiness
By Captain Glenn Mathias, Australian Maritime Consultancy THE WORLD Shipping Council (WSC) claim that its member companies operate about three quarters of the world’s global...
Biofouling taskforce meets for second time
THE GLOBAL Project Task Force of the IMO’s GloFouling Partnerships project, a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme...
