Groote exports resume after loader repairs
MANGANESE exports are resuming from the Northern Territory’s Groote Eylandt, following the earlier-than-expected completion of repairs to GEMCO’s loader, severely damaged during...
PIL quadrupled profit in 2024
SINGAPORE’s Pacific International Lines enjoyed a massive rebound in FY 2024, according to results revealed late last week. The company achieved a net profit after tax of USD...
KiwiRail brings forward Aratere retirement
COOK Strait’s only rail/ro-pax will be withdrawn at the end of August as owner KiwiRail opts to save the cost of a planned Singapore drydocking. KiwiRail and the NZ Government on...
CMA CGM pleased with ‘solid’ Q1
CMA CGM delivered robust first quarter results, despite an unstable geopolitical climate and an uncertain market environment since the start of the 2025 year. Revenue stood at USD...
Ørsted completes Gippsland wind geo studies
DANISH energy multinational Ørsted has completed marine geophysical and geotechnical surveys, and placement of wind and ocean condition measurement devices, as part of feasibility...
Blockbuster Q1 for HMM
SOUTH Korea’s HMM saw total revenue in Q1 2025 grow by 23% to KRW 2,855 billion (USD 2,051 billion) from KRW 2,330 billion in Q1 2024. At the same time net profit improved to 52%...
NPDL to welcome new vessel Neptune Matua
NEPTUNE Pacific will introduce a new acquisition to its NZPAC service early next month, continuing a five-year, USD 150 million investment by the line to modernize its South...
Hapag-Lloyd reports strong 2025 first quarter
GERMANY’s Hapag-Lloyd, the world’s fifth largest container line, has enjoyed a strong first quarter, boosting the Group to an EBITDA of USD 1.1 billion (EUR 1.0 billion). In the...
March uptick for local container volumes
IMPORT and export volumes for Australasia and Oceania both rose in March, according to the latest figures from London-based Container Trade Statistics. March imports reached their...
Mixed quarter for Taiwanese carriers
TAIWAN’s Evergreen and Yang Ming, respectively the world’s seventh and tenth largest container carriers, sailed different courses during the first quarter of 2025, according to...
Wallenius Wilhelmsen enjoys solid Q1
YET TO feel the impact of the Trump Administration’s tariffs on car imports and planned port charges on all PCTCs, Wallenius Wilhelmsen has delivered a strong Q1 2021, with a 5%...
Massive cocaine hauls in NZ ports and Australian waters
NEW Zealand Customs officers have made major seizures of cocaine in the ports of Tauranga and Lyttelton in the past two weeks, discovering almost 180 kilograms of the Class A...
Faster TT Line terminal but costs balloon
TT LINE’s controversial new East Devonport terminal will be completed earlier than previously forecast but will cost an additional $118 million. The much-delayed Berth 3 terminal...
First quarter mighty for Maersk
A.P. MOLLER-Maersk has lobbed a strong first quarter result, reporting revenue growth of 7.8% to USD 13.3 billion with EBIT increasing to USD 1.3 billion from USD 177 million a...
Speculation over Tauranga sell-down
SUGGESTIONS Australia’s Qube may be lining up a bid for a significant stake in NZ’s Port of Tauranga have been met with silence from the major shareholder in the NZSX-listed...
