The week in bulk: Turbulent seas in Capesize sector
THE Baltic Dry Index reached 2578 on Friday 17 June as the index inches up from a recent nadir of 2260 on Monday 13 June. The Baltic Dry Index for the week ending 17 June 2022....
Shipping resilient despite congestion, war, fires and crew shortages, but challenges still growing
LARGER vessels, crew shortages, port congestion, challenging decarbonisation targets and the war in Ukraine allow no room for complacency in shipping, according to marine insurer...
The Seafarers' Charity appoints new CEO
THE SEAFARERS’ Charity has announced the appointment of Deborah Layde as its new chief executive officer as current CEO Catherine Spencer steps down. Ms Layde has worked at The...
MSC adopting biofuel in its ships
MSC announced it is adopting “sustainable biofuel” as a transition fuel in its ocean operations. The ocean carrier said the “MSC Biofuel Solution” is available at “selected world...
Seafarer costs to accelerate as officer shortages worsen
SEAFARER wage rates are expected to accelerate as the officer supply and demand imbalance worsens, according to global shipping consultancy Drewry. The company’s latest Manning...
Major air-cargo player signs sustainability agreement
CARGOLUX and Bolloré Logistics have signed an agreement for the use of sustainable aviation fuel (SAF) in joint operations. The deal covers 800,000 litres of SAF forms part of the...
Yang Ming welcomes latest 11,000-TEU containership
YANG Ming took delivery of the new, chartered 11,000-TEU YM Tranquility on 14 June. The vessel was chartered from Shoei Kisen Kaisha. Imabari Shipbuilding built the vessel. YM...
ICS launches shipping policy principles to guide dialogue with World Trade Organization
THE INTERNATIONAL Chamber of Shipping has launched its Shipping Policy Principles for Pandemic Recovery this week to guide formal discussions between the World Trade Organization...
IMO rejects ICS decarbonisation fund proposal
THE INTERNATIONAL Chamber of Shipping has denounced the International Maritime Organization’s reported rejection of a research and development fund for decarbonisation projects...
MLC amended following AMSA's call to mandate reporting of seafarer fatalities
THE AUSTRALIAN Maritime Safety Authority’s proposal to mandate the reporting of seafarer fatalities has been formally accepted as an amendment to the Maritime Labour Convention...
The week in bulk: A week of headwinds and holidays
ON Friday 10 June, the BDI was 2320. This was a decline of 9% on Monday 6 June, when the BDI was 2514. The BDI has declined almost steadily since a peak on 23 May when it hit...
THE DCN WEEKLY PODCAST: The week’s news roundup
THIS week Daily Cargo News is launching The DCN Weekly, a podcast that aims to bring listeners a concise roundup of the week’s maritime and logistics news....
MSC signs contract to digitalise its fleet
KONGSBERG Digital and MSC have signed a contract for digitalising the ocean carrier’s entire fleet with Kongsberg Digital’s Vessel Insight system. The five-year agreement includes...
Air cargo demand declines in April
GLOBAL demand for air cargo dropped in April according to the latest data from the International Air Transport Association. Global demand, measured in cargo tonne-kilometres...
New tool to increase transparency of alternative fuel availability
A NEW tool is being developed to help ship operators determine which ports can accommodate alternative fuel vessels, according to the International Chamber of Shipping. The ICS...
