Dimerco’s freight insights – February 2025 – Key developments in the APAC region
The February 2025 edition of Dimerco’s Asia-Pacific Freight Report offers a thorough overview of the region’s freight market, which remains at the forefront of global trade. This month’s insights reveal a landscape shaped by post-Chinese New Year slowdowns, the ripple effects of geopolitical developments, and strategic shifts in carrier alliances. Key themes in February 2025 […]
OKI’s AI-driven technology to classify ships using underwater sounds
Japanese information and telecommunication expert OKI has developed a ship classification AI system technology which automatically classifies ship types through deep learning of underwater sounds. This technology makes it possible to continuously and automatically acquire ship classification data, even in environments such as busy ports with high ship traffic and at night, when visual identification […]
d’Amico boosts owned fleet with LR1 purchase option
Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has snapped up another leased vessel. The Carlos di Mottola-led company has declared a purchase option on the 2019-built LR1 Cielo di Houston costing about $26.5m. The Hyundai Mipo Vietnam-built 74,999 dwt unit has been on bareboat charter from Tokyo Century Corporation, which picked up […]
CMA CGM announces congestion surcharge in Namibia
French ocean carrier CMA CGM has announced the implementation of a Port Congestion Surcharge (PCS) in response to the current situation in Namibia. The surcharge will take effect on 1 February and remain in place until further notice. For shipments between Namibia and the United States, Latin America, and Australia, the surcharge will come into […]
Hapag-Lloyd revamps Egypt-Europe service network
German box line Hapag-Lloyd has announced the redesign of its Adriatic Sea Express (ADX) service, which connects Egypt with Italian ports. End of March, Hapag-Lloyd will start its updated Adriatic Sea Express (ADX) service, complementing the Gemini Network’s SE1 service between Egypt’s Port Said and the ports of Koper and Rijeka. The full port coverage […]
What Homeowners Need to Know About Shipping a Mobile Home
One of the most significant benefits of a mobile or portable home is that it can be moved to a new location with just a bit of careful planning and preparation. Mobile homeowners can enjoy that they don’t need to settle in one place, especially when it comes to recreational vehicles. Some mobile homes, like […]
Baltic states call for new rules to tackle shadow fleet threat
The Bulgarian owner at the centre of a new cable cutting incident in the Baltic has denied its ship deliberately carried out the latest damage to subsea infrastructure in the region, something analysts are disputing while politicians discuss clamping down further on ships leaving Russia. The Swedish Prosecution Authority seized the 32,200 dwt, Navibulgar-owned bulker […]
Is AI about to replace charterers?
James Peacock, who leads product development at XMAR, tackles an issue likely to be one of the talking points at this year’s Geneva Dry. Chartering has always been a balancing act of relationships, instinct, and expertise. With artificial intelligence (AI) making waves in every industry, it’s fair to ask: could machines ever take over the […]
Stolt-Nielsen buys Golar’s stake in Avenir LNG
Stolt-Nielsen has bought out Golar LNG’s stake in Avenir LNG for $40m. Commenting on the transaction, Udo Lange, CEO of Stolt-Nielsen, said: “This strategic move not only strengthens our position in the LNG sector but also underscores our commitment to pursuing more sustainable energy solutions for the maritime, industrial, and power generation markets. I am […]
Geneva Dry: 90 days to go
There’s just 90 days to go until the second edition of Geneva Dry, the world’s premier commodities shipping conference, with organisers urging people thinking about signing up to do so quickly to avoid disappointment. At last year’s inaugural event, organisers were forced to issue a ‘Sold Out’ sign weeks ahead of the summit, and while […]