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...
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...
