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...
Kerry Logistics posts 2021 net profit increase of 102%
Third-party logistics provider Kerry Logistics reported a robust profit growth in 2021. The company’s core net profit increased by 102% to HK$3.7 billion ($628 million), according...
Black Sea mines a threat to safety of seafarer evacuations, HRAS says
HUMAN Rights at Sea has responded to the suggestion of a safe maritime corridor to evacuate seafarers from dangerous ports and waters around Ukraine, highlighting the threat of...
New Texas to Vic air route supports US-Aus trade
QANTAS has announced a new route and expanded services between Melbourne and the US, which it said would boost trade with Victoria’s second-largest trade partner. A new direct...
Maersk to boost green fuel production
MAERSK and Egyptian authorities have entered into a partnership agreement to explore the establishment of large-scale green fuel production in Egypt. The memorandum of...
