Drewry container index shows slight decrease
DREWRY has advised its composite World Container Index decreased by 1.4% to US$8041.50 per 40-foot container this week. Despite the decrease, the index figure remains 64% higher...
The week in bulk: A calm week in Cape and Panamax markets
LAST week, the Baltic Dry Index continued the moderate decline seen over several weeks. The index ended last week on 2055 (on 8 April) – this was a decrease of 13% on the previous...
Global Centre for Maritime Decarbonisation welcomes new partners including BP and Chevron
THE Global Centre for Maritime Decarbonisation has announced four new partnerships at Singapore Maritime Week to support its efforts to decarbonise the maritime industry. The new...
Air cargo growth continues in February
GLOBAL air cargo demand increased in February despite a difficult operating environment, according to the latest data from the International Air Transport Association. However,...
Global liner capacity down more than 10% in Feb: analyst
CONGESTION and vessel delays are still having a significant impact on global liner capacity, with those issues causing an 11.6% decrease in global capacity in February, according...
New leadership for APM Terminals
A.P. Moller - Maersk is appointing Henriette Hallberg Thygesen as chair of APM Terminals and current APM chief operating officer Keith Svendsen is to move into the chief executive...
IMO urges member states to share data identifying ships flying fraudulent flags
THE International Maritime Organization is encouraging member states to engage with its efforts to increase data transparency around fraudulent practices in the shipping industry....
INSIGHT: Australian sanctions and controls against Russia escalate and evolve
I HAVE previously written regarding fundamental changes to Australia’s sanctions regime, from implementing UN sanctions, through to the adoption of our own Autonomous Sanctions...
Freight forwarder charged for facilitating meth import
A FREIGHT forwarder from Sydney has been arrested and charged over his alleged role in a plan to import 100 kilograms of meth into Australia. Police will allege the man, arrested...
MSC announces changes to Australia and eastern Asia services
MSC has announced upcoming changes to its new Wallaby and Panda services, which connect Australia’s east coast with eastern Asia. In a customer advisory, MSC said it will soon...
Schedule reliability recovers slightly in Feb: report
SCHEDULE reliability figures improved slightly in February, according to the latest Global Liner Performance report from Sea-Intelligence. The consultancy published issue 127 of...
The week in bulk: Green shoots in the Capesize market?
LAST week, the Baltic Dry Index continued the moderate decline of the previous week. The index ended the previous week at 2544, and last week declined to 2357 by Friday 1 April, a...
Australia imposes 35% tariffs on all goods from Russia and Belarus
PRIME Minister Scott Morrison on Thursday announced that Australia would impose an additional tariff of 35% on all imports from Russia and Belarus. In a statement, released hours...
Zim to charter six newbuilds
CONTAINER liner company Zim is chartering up to six 5500-TEU wide-beam newbuild vessels for seven years and a total charter hire consideration of up to about US$600 million. The...
Cargotec-Konecranes merger called off
CONTAINER-handling equipment companies Cargotec and Konecranes called off their planned merger after the UK Competition and Markets Authority (CMA) kyboshed the move on...
