Transworld Group and Fleet Management announce new ship management joint venture

Transworld Group and Fleet Management (FLEET) have established a new ship management joint venture, Transworld Fleet Management. This will provide dedicated technical management services to Transworld Group’s diversified fleet which includes container vessels, bulk carriers, and tankers, besides Transworld associated and affiliated vessels. The new venture would thus also support and provide value-added ship management […]

World Fuel Services completes first LNG bunkering in China for Hapag-Lloyd

World Fuel Services has completed a milestone LNG bunkering operation for the refuelling of a carrier at a Chinese port, with the new Hapag-Lloyd ship Berlin Express becoming only the second carrier to be refuelled with bonded LNG in the port. With the support of both the Ningbo-Zhoushan Port authority and local supplier CNOOC, the […]

WFW hires new Counsel for London maritime offering

Watson Farley & Williams (WFW) is pleased to announce that maritime expert Amelia Reffold has joined the firm as Counsel in the London office. She was previously a Senior Lawyer at Schjødt LLP. Amelia (pictured) has expertise in both maritime and asset and structured finance law as well as in the energy and offshore sectors. […]

Women in Transport Equity Index survey launched at AGM of UK body

The transport sector is about to embark on a transformative journey towards diversity and equity with the official launch of the Women in Transport Equity Index survey. This ground-breaking initiative, introduced at the Women in Transport Annual General Meeting on 26 June 2023, aims to revolutionise the industry by providing crucial baseline data, recognising best […]

Signal Maritime increases pool flexibility with Position Value concept

Tanker pool manager Signal Maritime has introduced a new monthly ‘Position Value’ concept to enable tanker owners to capitalize directly from the geographic position of their vessels on entering or exiting its pools. The Position Value determines the potential earnings of a vessel based on its geographic position considering market conditions, historical data, and every […]

Drewry World Container Index shows rates down 80% on a year ago

The latest Drewry WCI composite index of $1,488.13 per 40-foot container is now 86% below the peak of $10,377 reached in September 2021 and 79% off the level of one year ago. It is 45% lower than the 10-year average of $2,686, indicating a return to more normal prices, but remains 5% higher than average […]