US attacks heighten Red Sea tensions
TENSIONS in the Red Sea are on the rise again with the US launching airstrikes against Houthi military sites in Yemen as a Houthi spokesperson threatened to escalate attacks on...
Record revenue for DP World
DP WORLD has reported a record $20 billion revenue and record EBITDA of $5.5 billion for 2024. In a release announcing the new records, the UAE-based company said revenue had...
DP World: ‘ACCC decision not final’
DP WORLD plans to continue its bid to acquire Silk Logistics in spite of concerns expressed by the ACCC yesterday. In a media statement issued on 14 March DP World acknowledged...
Apex Voyager stuck in Brisbane
THE PORT of Brisbane is back to normal operation and the Brisbane River was reopened on 14 March to commercial traffic in the wake of ex-cyclone Alfred. The bulk carrier Apex...
Minister: LNG vital but decommissioning is not a government job
FEDERAL resources minister Madeleine King has hit back at concerns raised in speeches at the Energy Exchange Australia conference in Perth about the future of LNG. She told the...
Strong result encourages Yang Ming deployment plans
WITH THE container shipping industry capacity growing by around 3 million TEUs, it according to Yang Ming Marine Transport Corporation. The corporation, in its 2024 financial...
OOCL warns of challenges to container industry
ORIENT Overseas (International) (OOCL), one of the world’s biggest integrated container transport businesses has warned of challenges to the industry in its annual report. While...
Victoria moving grain from road to rail
THE VICTORIAN state government wants to shift more grain movement to rail from road. It plans to get more grain moving to port and reducing the reliance on trucks on regional...
ACCC warns against DP World’s Silk takeover
CONSUMER watchdog, the ACCC is concerned that DP World Australia’s proposed acquisition of Silk Logistics has could lead to higher prices and reduced quality for Australian...
Rail returns in Alfred’s wake
IN THE WAKE of ex-tropical cyclone Alfred, the first intermodal train has arrived in Brisbane. Supplies are now moving to North Queensland according to a Linkedin post on Pacific...
Record volumes fuel ZIM success
RECORD carried volumes helped global container line ZIM Integrated Shipping Services to its best-ever results in 2024. In its 2024 and fourth quarter financial report released on...
Chamber says bleak picture if gas is jeopardised
THE CHAMBER of Commerce and Industry in Western Australia has sided with Woodside in a review into the state’s gas sector which paints a bleak picture if gas supplies are...
Air cargo demand boosts Cathay profit
STRONGER air cargo demand has helped drive a profit for the Cathay Group of HK$8.8 billion for 2024. The solid performance was helped by higher passenger volumes, lower fuel...
PIL names container vessel Kota Embun in China
THE FIRST Pacific International Lines (PIL) vessel to carry a bow windshield was named in a ceremony in China this week. The Kota Embun is the fourth 14,000 TEU LNG dual-fuel...
Woodside boss makes plea for certainty
WOODSIDE Chief Operating Officer Liz Westcott has made a passionate plea for certainty from governments to provide North West Shelf gas approvals beyond 2030. Speaking to Energy...
