Divergence in reefer markets in wake of Gaza War
Reefer cargo to Middle Eastern destinations has seen a “negative spiral”, as a direct result of the Cape of Good Hope diversions with carriers taking a more direct route from Europe to the Far East. A Xeneta analysis of two reefer trades from Europe to the Arabian Gulf and Southeast Asian destinations highlights the effects […]
SATS to expand deployment of DG Autocheck
Singapore-headquartered ground handler SATS is expanding the implementation of Dangerous Goods (DG) AutoCheck across its network of handling stations. The handler has signed a three-year agreement with IATA, which developed the compliance solution, to deploy DG Autocheck at 215 stations in 27 countries, including those run by subsidiary WFS. The move follows SATS’ acquisition of […]
Condition of Ukrainian Ports 30 Months After the Russian Invasion
Ukraine’s maritime trade has been profoundly affected by the Russian invasion, transitioning from a competitive regional player to one facing near-total disruption of its main seaports. The reliance on alternative, smaller ports has provided only a partial solution, while global shipping and food security have felt the ripple effects. Ukraine’s maritime trade was heavily reliant […]
Two bodies recovered from fire-hit oil tanker in Chittagong
The bodies of at least two seafarers have been recovered from an oil tanker in Chittagong port after the fire that broke out today (30 September) in the morning. The tanker Banglar Jyoti, owned by Bangladesh Shipping Corporation (BSC), was moored at the oil jetty of Chittagong port where a blast occurred at 11 am […]
Gemini partners top schedule reliability rankings
Danish maritime data analysis company Sea-Intelligence has examined schedule reliability data up to August 2024. In August 2024, global schedule reliability improved slightly by 0.7% points month-on-month (M/M), reaching 52.8%. Despite being relatively low, schedule reliability in 2024 has remained stable within the 50%-55% range, offering shippers some consistency in expectations each month. However, on […]
Tanker captain sent to prison, owner fined over US oil discharge case
The case involving Turkish owner Prive Shipping deliberately dumping oil from its tanker PS Dream was wrapped up with the company being fined $2m and given four years of probation while the captain of the vessel was sent to prison. The companies pleaded guilty in May to charges of conspiracy, obstruction of justice, and violating the […]
Castor Maritime adds modern kamsaramax in $30m deal
Cyprus-based bulker and boxship owner Castor Maritime has snapped up its second ship in less than a month with the purchase of a modern kamsarmax. The Nasdaq-listed firm said it has struck a $29.95m deal with an unaffiliated third party for an unnamed 2020-built bulker, which will be financed with cash on hand. The ship […]
A.P. Moller Holding starts up green methanol-based plastics producer
Denmark’s A.P. Moller Holding has launched a new venture which will manufacture fossil-free plastic resins using green methanol as a feedstock. The plastics industry faces significant environmental challenges, due to the dependence on fossil feedstock in production and lack of end-of-life recycling. Developing and commercialising fossil-free plastics production methods is crucial to meet the 2050 […]
MacGregor to supply cargo access solutions for 12 PCTCs
MacGregor, a division of Cargotec, has received an order to supply cargo access equipment for 12 Pure Car and Truck Carriers (PCTCs), with an option for eight additional vessels. These ships will be constructed by China Merchants Heavy Industry (Jiangsu) (CMHI) for CIDO Shipping. The order was recorded in Cargotec’s third quarter 2024 intake, with […]
Von Götz appointed head of fulfillment management at Lufthansa Cargo
Lufthansa Cargo has appointed Oliver von Götz as head of global fulfillment management following the departure of Jan-Wilhelm Breithaupt from the position. In his new role, he is responsible for global warehouse handling, the further development and management of the production system as well as customer service at the cargo airline and is the contact […]