Australasian 2024 container trade grew 8.7%
AUSTRALASIAN container trades hit 7,114,800 TEU in 2024, according to London-based Container Trade Statistics’ provisional figures. This compares to 6,544,500 TEU in 2023 and...
Downcast WTO downgrades 2025/2026 forecasts
THE WORLD Trade Organisation (WTO) now anticipates the volume of world merchandise trade will decline by 0.2% in 2025 under current conditions, nearly three percentage points...
NTSB releases report on Grande Costa D’Avorio fire
THE US NATIONAL Transportation Safety Board has released its final report into a fire on board a Grimaldi ro-ro/container ship that resulted in the death of two firefighters and...
Adani Ports buys Abbot Point
OFFICIAL ownership of the North Queensland Export Terminal (NQXT) at Abbot Point has shifted from one Adani Group entity to another, with no immediate change in the facility’s...
PacBasin: steady Q1 despite rate pain
HONG Kong minor bulks specialist Pacific Basin Shipping outperformed market indices in the traditionally slower first quarter but still saw daily time-charter equivalent rates for...
APT expands with newbuild for Portugal
MELBOURNE-headquartered APT Travel Group last week celebrated the naming of MS Estrela, the company’s purpose-built river cruise ship designed for operation on Portugal’s Douro...
Auckland Port in the path of Tropical Cyclone Tam
PORT of Auckland suspended several activities at 1900 local time last night as Tropical Cyclone Tam bore down on NZ’s North Island. Emergency management authorities warned of the...
Containerline VASI Shipping collapses
A CONTAINER LINE that briefly dabbled in Australian trades during the COVID years has gone bankrupt, owing creditors US$19 million. VASI Shipping, founded in Singapore in 2012,...
NYK merges three subsidiaries
JAPAN’s NYK Group is bringing together three subsidiary companies in the shipping and shipmanagement sphere under the name NYK Bulkships Partners. The amalgamation will take...
Bhagwan Marine secures Melbourne extension
ASX-LISTED, Perth-headquartered Bhagwan Marine has secured a six-year extension of its long-term contract with the Port of Melbourne, valued at approximately $6 million per annum....
Melbourne unveils 2055 development strategy
THE PORT of Melbourne has released its Draft 2055 Port Development Strategy (Draft 2055 PDS) and opened it for public feedback, ahead of the publication of the final version in...
Fraud warning on supply chain credit
INSURANCE mutual TT Club says the allure of profitable new business in a competitive market is tempting freight forwarders and logistics specialists to sign up fraudulent...
IMO settles on draft regs for fuels and emissions
AFTER a tortuos five-day meeting concluding in London last week the IMO says it has achieved another important step towards establishing a legally binding framework to reduce...
Interferry issues ro-pax EV transport guide
PEAK industry body Interferry has published a new guide to safe carriage of battery electric vehicles on ro-paxes and other ferries, with a “straightforward message” that they...
US acknowledges Panama's canal rights
FOLLOWING a period of the posturing that has become emblematic of the Trump Administration — including a threat to “take back” the Panama Canal – the US has signed an agreement...
