The week in bulk: Upward turns in the global bulk markets
LAST week, the Baltic Dry Index reversed a shallow downward trend and lifted slightly. The BDI on Friday 22 April was 2307, up 8% from the previous Thursday (14 April), when the...
Drewry container index decreases over the week
DREWRY’S World Container Index deceased by 0.9% this past week, but it remained 60.3% higher than it was one year ago. Source: World Container Index, Drewry Supply Chain Advisors...
Meat grant to boost exports
AUSTRALIAN meat exports to the Middle East, North Africa and Southeast Asia are set to benefit from a $827,860 government grant. The grant was awarded to the Red Meat Advisory...
ACA heads to Florida
THE AUSTRALIAN Cruise Association is sending a 10-person delegation to Miami Florida to Seatrade Cruise Global next week. The group will be led by ACA chair Philip Holliday and...
Analysts explore influx of smaller vessels on Trans-Pacific routes
SHIPPING analyst Sea-Intelligence has examined an influx in smaller vessels sailing Trans-Pacific routes to determine whether it was indicative of a systemic change. On the...
UK cargo worker charged for crystal meth shipment to Australia
A WOMAN working in the United Kingdom’s cargo sector has been charged for her suspected involvement in smuggling 24 kilograms of crystal meth into Australia last year. She was one...
Ukraine war and China outbreak are impacting crew change, GMF says
THE latest data from the Neptune Declaration Crew Change Indicator suggests the number of seafarers working beyond the expiry of their contracts has dipped since last month....
Floods wreak havoc at South Africa’s busiest container port
A MAJOR flood in South Africa has swept away stacks of containers and disrupted shipping at Port of Durban, the busiest container port in Sub-Saharan Africa. Intense rainfall in...
Global trade outlook has "darkened" amid war and shipping disruptions, WTO says
AN analysis from the World Trade Organization has illustrated the current fragility of global trade between the Russia-Ukraine conflict and shipping disruptions in China. WTO...
Shani Ben-David becomes first female captain in Israeli merchant marine
SHANI Ben-David was this week appointed to the position of captain in a ceremony held at Zim headquarters in Haifa; Ms Ben-David is the first woman to reach the highest rank in...
Maritime unions and stakeholders continue to evacuate seafarers from Ukraine
A HUMANITARIAN initiative set up by transport workers’ unions and a ship management group has helped more than 100 members of the seafaring community reach safety after fleeing...
Arrival of Pacific Explorer to mark return of cruise ships to Australia
THE return of cruise ships to Australian shores will be marked by the arrival of Pacific Explorer in Sydney Harbour on 18 April. Falling on the Easter Monday public holiday, the...
Maersk launches air cargo service
MAERSK has reinforced its position in the air freight market with the launch of Maersk Air Cargo, to be supported by the operation of five aircraft. Maersk said its owned and...
CEO of The Seafarers' Charity to step down
THE Seafarers’ Charity will undergo a change in leadership in the coming months, with CEO Catherine Spencer having announced she will step down from the role. Ms Spencer has led...
CMA CGM acquires automotive logistics provider Gefco following sanction blow
CMA CGM Group has acquired nearly 100% of Gefco, an automotive logistics provider which is understood to have been impacted by sanctions against Russia. Headquartered in France,...
