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Xeneta’s Long-Term XSI® Public Indices today revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August and an unprecedented 28.1% jump in July, leaving rates now standing 91.5% up year-on-year. What’s more, comments Oslo-based Xeneta, there is little evidence to […]

The head of the European Parliament’s foreign affairs committee is pledging to keep the Arctic high on the body’s legislative agenda in order to ensure the bloc maintains an ambitious strategy towards the region amidst a period of rapid change, according to a report published by the Arctic Today newsletter. “Our committee will ensure that

A credit rating and analysis firm based in Germany has launched the first dedicated database to display Carbon Intensity Indicator (CII) ratings for the world’s commercial maritime fleet. According to Scope ESG Analysis, the database product which is known as Ship Review, will enhance the transparency of ships’ environmental, sustainability, and reliability/safety performance. Based on

Canada Pension Plan Investment Board has announced that it has entered into a definitive agreement to become the 100% owner of Ports America, North America’s largest marine terminal operator, through the acquisition of an interest from funds managed by Oaktree Capital Management, L.P. Financial details were not disclosed, though Bloomberg valued the deal at US$4 billion. CPP

   Offshore Wind capacity grew steadily in 2020, but governments will need to act decisively to improve policy in order to scale up installations at the pace required to help the world meet its carbon emissions targets and avoid the worst effects of global warming, according to the Global Wind Energy Council. In its flagship

By Michael Grey* One of my happiest assignments was during the 1970s when I found myself the part-time “Maritime Editor” of the new children’s weekly “Speed and Power”. It was a wonderful role, with a readership that could be relied on to respond vigorously to just about everything the journalists said in their pages. And

Rotterdam-based transport group Samskip has announced the acquisition of shortsea specialist Sea Connect aiming to broadened its Baltic operations. The Lithuania-based shipping company, which will be renamed Samskip Sea Connect, offers shortsea services connecting Russia, Lithuania, Denmark, Germany and the Netherlands. Additionally, Sea Connect operates three 1A Ice Class container vessels calling twice a week

The Secretary-General of the International Maritime Organization (IMO) and the Director-General of the International Labour Organization (ILO) have issued a joint statement calling for port and coastal States to facilitate the prompt disembarkation of seafarers for medical care as a matter of “life or death.” They call for seafarers to be prioritized for COVID-19 vaccination

The Vancouver Fraser Port Authority released the 2021 mid-year statistics for goods moving through the Port of Vancouver. From January 1 to June 30, 2021, overall cargo volumes through Canada’s largest port reached a record high of 76.4 million metric tonnes (MMT), up 7% from 2020 mid-year, and 5% above the previous record set in 2019.

Los Angeles – ABS has awarded Approval in Principle (AIP) to Ned Project Inc. for its hydrogen-ready wind turbine installation vessel (WTIV) design. The NP20000X ULAM design is intended to be Jones Act Compliant and able to meet future offshore wind market demands, specifically operations involving 15-20 MW wind turbine installations. Its innovative approach loads