World Container Index decreases slightly this week
DREWRY’S composite World Container Index decreased by 0.1% to US$7625.56 per 40-foot container this week. However, the index remains 18% higher than it was one year ago. The...
New president and CEO steps up at Wallenius Wilhelmsen
WALLENIUS Wilhelmsen has a new president and CEO as of 1 June – Lasse Kristoffersen has stepped into the role. Mr Kristoffersen said he had been looking forward to officially...
FMC determines recent high freight rates are product of market forces
THE US Federal Maritime Commission has determined that high ocean freight rates since the pandemic started are the product of supply and demand market forces. In its Final report...
10 magenta mega-ships ordered
OCEAN Network Express has signed shipbuilding contracts with both Hyundai Heavy Industries and Nihon Shipyard to build five vessels each, adding a total of 10 modern very large...
Svitzer aims at carbon-neutrality by 2040
SVITZER aims to become carbon neutral by 2040, according to its recently revealed decarbonisation strategy. Under the strategy the global towage operator will decarbonise in two...
Australian ports show little improvement in this year’s Container Port Performance Index
AUSTRALIAN ports improved little in the second edition of the global Container Port Performance Index (CPPI), compared with last year’s edition. The World Bank and S&P Global...
The week in bulk: BDI falls, headwinds in Capesize and Panamax markets
THE Baltic Dry Index fell off a bit of a cliff last week, with a precipitous decline over the five days to Friday. The BDI was 2681 on Friday (27 May), which is a decrease of 20%...
Quad leaders agree on new maritime domain awareness initiative
AT the recent meeting of the Quadrilateral Security Dialogue, the leaders of Australia, India, Japan and the US agreed to establish a new maritime domain awareness initiative...
IMO working group finalises GHG intensity measures guidance
THE International Maritime Organization’s GHG Working Group has finalised guidelines to support implementation of carbon intensity measures. The 12th session of the Intersessional...
All Aboard Alliance launched to foster equity and inclusion in maritime
MARITIME industry leaders have formed a new alliance aimed at creating a more diverse, equitable and inclusive maritime environment on shore and at sea. The All Aboard Alliance...
Rio Tinto and BP partner on marine biofuel trial voyage
RIO Tinto and BP have agreed to work together on a one-year biofuel trial to help reduce carbon emissions from Rio Tinto’s marine fleet. BP will supply Rio Tinto with marine...
Logistics company buys schooner to transport coffee
COSTA Rica-based logistics company Sailcargo has bought the 111-year-old wooden schooner Vega Gamleby to transport cargo between Colombia and the US. The Swedish-flagged vessel is...
Aussie company moving ahead with hydrogen export vessels and port design
ASX-listed Provaris Energy has announced a package for a new compressed hydrogen carrier is expected to be complete in June, with approval for construction of the vessel expected...
Shipowners and unions agree new three-year minimum wage for seafarers
SEAFARERS’ unions and shipowners have agreed on a new three-year global minimum wage deal to safeguard financial stability for seafarers. The maritime transport sector is...
Survey highlights gender imbalance in maritime sub-sectors
A REPORT from the International Maritime Organization and the Women’s International Shipping & Trading Association has found women account for only 29% of the overall maritime...
