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...
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...
