5 things to know about cargo ship that brought down Baltimore bridge. More details are beginning to emerge about the MV Dali container ship that largely destroyed Baltimore’s Francis Scott Key Bridge on Tuesday. In 2016, the Dali hit a wall at the Port of Antwerp in Belgium, damaging a large portion of its hull. The Dali’s owner and operator [...]
31/03/2024
Ninja Van Malaysia Launches Ninja Restock to Revolutionize B2B Logistics. Ninja Van Malaysia, Southeast Asia’s leading tech-enabled logistics organisation, has launched Ninja Restock – an expansion of services beyond the e-commerce vertical – in conjunction with its 9th anniversary. Since its inception in 2015, Ninja Van Malaysia has continued to redefine the standards of logistics excellence, having emerged as one [...]
31/03/2024
World’s First Ammonia-Powered Vessel Sets Sail in Singapore. Australian mining company Fortescue has marked the world’s first use of ammonia as a marine fuel in the Port of Singapore, the world’s largest bunkering port. The groundbreaking vessel, Fortescue Green Pioneer, was loaded with liquid ammonia from the Vopak Banyan Terminal on Jurong Island for a seven-week fuel trial in collaboration [...]
26/03/2024
Cost Gap for Sustainable Shipping Fuels Could Close by 2035, Says Wärtsilä Report. The price gap between sustainable shipping fuels and conventional fossil fuels is expected to narrow and could achieve cost parity as early as 2035 with the help of decisive policy action, according to new report by technology group Wärtsilä. Closing the cost gap between fuels could be [...]
26/03/2024
Maersk Says Red Sea Still Too Risky to Justify Return. Danish shipping giant Maersk says it will continue to divert its containerships around the Cape of Good Hope due to the continued risk of Houthi attacks in the Red Sea. The decision sends a strong signal that Red Sea shipping disruptions will continue indefinitely. In a statement, Maersk welcomed the [...]
26/03/2024
DHL Global Connectedness Report 2024 ranks Singapore as the most globalized country. DHL and New York University’s Stern School of Business has released the new DHL Global Connectedness Report 2024, the most comprehensive available analysis of globalization’s state and trajectory. It tracks how flows of trade, capital, information, and people move around the world and measures the globalization of 181 [...]
18/03/2024
DP World Invests US$50 Million in Busan New Port Logistics Centre. DP World has announced a US$50 million (approximately ₩66 billion) investment to develop a new logistics centre in Busan New Port, strengthening the port’s position as a logistics hub for Northeast Asia and reinforcing the global standing of the wider Busan-Jinhae Free Economic Zone (BJFEZ) in business and logistics. [...]
18/03/2024
MBAM urges govt for tax exemptions on intragroup services within logistics services. This is in response to the government's implementation of an increase in service tax to 8% from 6%, and its scope expanding to cover logistics services, which will be taxed 6% come April 1 this year. KUALA LUMPUR (March 15): Master Builders Association Malaysia (MBAM) urges the government [...]
18/03/2024
Maritime organisations condemn True Confidence attack. The shipping world is united in its condemnation of the Houthi attack which has left three crew dead and a number of others injured and traumatised after a missile struck the Greek-owned bulk carrier True Confidence. Houthis claimed on their Telegram page that “the ship’s crew rejected warning messages,” prior to the attack and [...]
10/03/2024
Charter rates take flight as Red Sea driven demand prevails. Shipbroker Braemar has reported a 46% increase in its container charter market index, Boxi, as carriers scramble to deploy tonnage on the diverted Asia to Europe trades which are now navigating around the Cape of Good Hope. Nick Savvides | Mar 08, 2024 At the end of last year the [...]
10/03/2024
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