Cargo liquefaction still remains the greatest contributor to loss of life associated with bulk carrier losses while grounding remains the main cause of ship losses, according to the recently published Bulk Carrier Casualty Report 2013-2022 from INTERCARGO. The document was submitted to the International Maritime Organization in May, ahead of the 9th session of its …
The International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) update in July paints a picture of near-term resilience amid persistent challenges for the global economy. Global growth is projected to decelerate from 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024, an improvement of 0.2 percentage point for 2023 compared with …
Economic Resilience Tempered By Persistent Challenges Read More »
Drewry’s composite World Container Index increased by 2.5% to $1,575.62 per 40ft container this week. Our detailed assessment for Thursday, 27 July 2023 The composite index has increased by 2.5% to $1,575.62 this week, and has dropped by 76.7% when compared with the same week last year. The latest Drewry WCI composite index of $1,575.62 …
Taylor Maritime Investments Limited, the specialist dry bulk shipping company,today announces that as at 30 June 2023 its unaudited NAV was $1.56 per Ordinary Share compared to$1.71 perOrdinary Share as at 31 March 2023. The Company is also pleased to declare aninterim dividend in respect of the period to 30 June 2023 of 2 cents …
The Panama Maritime Authority (AMP) is committed to the opening of new markets and promotes the initiative of signing Agreements with other Maritime Administrations and Memorandums of Understanding (MOU) with shipping companies of national and international prestige, aimed at exchanging experiences and knowledge technicians, that allow the execution of the powers of Panamanian seafarers, which …
The Board of Directors of the CMA CGM Group, a global player in sea, land, air and logistics solutions, met today under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2023. Commenting on the results for the period, Rodolphe Saadé, Chairman and Chief …
Heavy rain has raised water levels on the river Rhine in Germany enabling normal shipping in some areas, but the river is still too shallow in northern areas for cargo vessels to sail fully loaded, commodity traders said on Friday. Dry weather in June meant the river became too shallow for vessels to sail fully …
Rhine river levels in Germany rise after rain, north too low Read More »
ABS issued approval in principle to HD Hyundai Heavy Industries (HHI) for its new ammonia-based ship HVAC refrigeration system. HHI developed the system in response to shipowners’ requests for refrigeration of HVAC systems using ammonia, a more eco-friendly refrigerant with a zero ozone depletion potential (ODP) and a Global Warming Potential of zero per the …
NYK’s Tugboat DX Project using digital technology to improve the industry As part of a DX project aimed at improving the attractiveness of the tugboat industry, which is concerned about future labor shortages, NYK, in collaboration with AIS Co., Ltd. (AIS), a software developer, will implement functions to improve the efficiency of attendance management and …
As the world faces record-breaking high temperatures, the offshore energy sector is trying to stay on the net-zero course – embracing its extensive role in the energy transition. In this process, the industry is dealing with the following goals: to provide energy that is secure, affordable and lower in carbon.
