Tough market for old Spirit sales
TT LINE has reported “some interest” from potential buyers of existing vessels Spirit of Tasmania I and II but faces a competitive market, with other similar vessels available for...
%20TT%20Line%20mid-Bass%20Strait241213=13pkf8715=Dale%20E%20Crisp.png)
Maersk: Strong year but fourth quarter pain
MAERSK LINE has joined Ocean Network Express in recording a quarterly loss but that failed to undermine a solid result for 2025 for the A.P. Moller-Maersk Group. Q4 While the...
Wrecked ferry washed off rocks
THE WILDLIFE excursion vessel that grounded on New Zealand’s Banks Peninsula on Saturday [31 January] has been washed off the rocks by heavy swells. Catamaran Black Cat ran ashore...
Seismic activity detected in northern Australian waters
NORWAY’s Shearwater Geoservices AS has been awarded a 3D seismic acquisition contract by Eni Timor 22-23 BV, a subsidiary of Italian energy company Eni, in the Timor Sea. The...
Lyttelton’s strong half, new Tauranga director
SHRUGGING off the effects of late-2025 industrial disruption, Lyttelton Port Company (LPC) has turned in record half-year results, with revenue, profit, and earnings all reaching...
Red Sea return for Maersk, Hapag but still risky business
THE CONUNDRUM container lines face in resuming transits through the Suez Canal and Red Sea has been highlighted today in stark fashion. Overnight Maersk and Hapag-Lloyd announced...
MSC’s Eagle has lift off
THE MOST serious challenge in many a decade to the status quo in the Australia/New Zealand-Americas trade has formally launched with the first sailing of MSC’s Eagle service from...
Rates collapse as Chinese New Year sees demand crash
CARRIERS appear to have been taken by surprise as poor demand in the China-Australia trade sees rates shrink and jostling for scarce cargo and market share ramp up. Although no...
Spirit Geelong stay costing almost a million a month
TT LINE is negotiating to have Spirit of Tasmania V join sister Spirit of Tasmania IV ‘in storage’ at Geelong, the company’s chairman has revealed. Ken Kanofski also disclosed...
Lonely numbers for ONE
JAPAN’s Ocean Network Express, the world’s sixth largest container line, has reported a US$88 million net loss for the third quarter of its 2025 financial year, blaming a...
Tourist vessel wrecked in New Zealand
TRANSPORT Accident Investigation Commission (TAIC) experts are on the scene of the loss of a tourist excursion vessel which struck rocks in Akaroa on New Zealand’s Banks Peninsula...
Over-reliance on routine behind grounding
THE GROUNDING of a New Zealand port’s pilot launch in late December 2024 occurred when the master failed to account for prevailing conditions, an official investigation has found....
Hong Kong buyer takes Beveridge stake
CONTINUING a stream of overseas investment in Australian supply chain Hong Kong’s C Capital has made a major land acquisition in Victoria’s Northern Freight Precinct. The private...
Key TT terminal parts arrive
TT LINE’s controversial new East Devonport Spirit of Tasmania terminal, which has attracted criticism over cost overruns and delays, has reached a major milestone with the arrival...
US supply chains struggling: DP World
AS A stream of DCN contributors lament the glitches in and frustrations of supply chains in Australia a report by DP World has found similar problems in North America are costing...
