Red Sea crisis causes second-largest capacity drop: Sea-Intelligence
SHIPPING data analyst Sea-Intelligence has reported a major capacity drop as the Red Sea situation escalates. Data suggests the decline in capacity is the second largest since...
World Container Index continues to skyrocket
THE DREWRY World Container Index increased by 23% to US$3777 per 40-foot container this past week. The composite index has increased by 82% when compared with the same week last...
Baltic Exchange weekly report
THE BALTIC Dry Index declined during the first half of the week before an uptick on Thursday and Friday. The index ended the week at 1503 on Friday (19 January). The Baltic Dry...
AiP issued for maritime hydrogen fuel cell system
CLASSNK has issued an approval in principle for a maritime hydrogen fuel cell system developed by Japan’s Yanmar Power Technology. The classification society said this is the...
Red Sea situation impacting ag sector logistics
TRADE logistics are set to become increasingly challenging for Australia’s agricultural sector with the escalating tensions in the Red Sea disrupting global trade, according to...
Construction on Inland Rail section to commence
WORKS on the Inland Rail Stockinbingal to Parkes project will kick off for 2024 with construction to commence at the Daroobalgie and Wyndham Avenue sites later this month. Rail...
New leadership and regional structure at Röhlig
RÖHLIG Logistics has appointed Christoph Passek as managing director for China and Hong Kong. The logistics company has also assigned four area general managers to a new regional...
New CCO for global port agency firm
GLOBAL port agency and marine services company Inchcape Shipping Services has appointed Svend Stenberg Mølholt as chief commercial officer, effective 9 January. Mr Mølholt has...
Logs shift to rail in Tassie
OVER the past decade, there has been a 10-fold increase in logs transported by rail in Tasmania, according to the state government. From a base of a little more than 20,000 tonnes...
ICTSI commits to 2050 net-zero for scope 1 and 2 emissions
INTERNATIONAL Container Terminal Services has committed to achieving net-zero greenhouse gas emissions for its scope 1 and 2 emissions by 2050. ICTSI is the owner of the Victoria...
Baltic Exchange weekly report
THE BALTIC Dry Index fell over the past week to 1460 on Friday 12 January – a decrease of 30% on the previous Friday’s index. This past Friday marked the lowest point for the...
World Container Index skyrockets
THE DREWRY World Container Index increased by 15% this past week to $3072 per 40-foot container. The composite index has increased by 44% when compared with the same week last...
Outback freight road upgrade in progress
WORKS have begun on a flood-prone section of the Oodnadatta Track in South Australia’s far northwest. The works are to improve access after rain and help motorists, including...
Cyclone-damaged freight route reopening in QLD
A SECTION of an important road freight route in Far North Queensland is reopening after ex-Tropical Cyclone Jasper tore through the region in December. The Captain Cook Highway...
Containership Capitaine Dampier to be renamed
CAPITAINE Dampier is soon to become PFL Matai. The name change will take effect in Brisbane on 17-18 January as the vessel moves from Neptune Pacific Direct Line control to PFL....
