CMA CGM 3Q profit soars
CMA CGM Group’s profit for the third quarter of 2024 hit USD 2.730 billion, an astounding USD 2.342 billion more than the equivalent quarter in 2023. Group revenue stood at USD...
Rates continue upward trajectory
AGAINST A BACKDROP of the tentative recovery in China-Australia spot rates container lines continue to chance their hands with rate rise notifications for shipments ex Asia. The...
NPDL, Swire making changes
DRYDOCKING requirements will see Neptune Pacific Direct Line shuffle ships on three services in coming months. NPDL has chartered Nauru Shipping Line’s 628 TEU Skyline to operate...
COSCO, OOCL triple Tasman frequency
THE TRANS-TASMAN service operated by Cosco SL and OOCL, known respectively as ANE and ANS, is being upgraded to weekly frequency, effective next month. The 1841 TEU ESL Winner,...
Bumper Boxline Profits Still Building
AS MORE THIRD QUARTER results trickle in it is becoming clear container lines’ early 2024 gloom has completely reversed. AP Moller-Maersk has confirmed its preliminary results...
TS Lines gets IPO away
TAIWAN’s TS LINES late last week completed an initial public offering on the Hong Kong Stock Exchange, at its third attempt. Previous IPOs had been pulled due to unfavourable...
Regulator ill-equipped to manage pilotage: report
A DISPUTE between rival pilotage providers in Port Phillip alleging one used unlicensed pilots was resolved on confidential commercial terms in a Federal Court case – but the...
Spirits troubled on both sides of the world
AS IF recent and ongoing controversies have not been enough for TT Line its new and current vessels have struck troubles in the northern and southern hemispheres. In an incident...
Tasmania mulls mega-merger
TASMANIAN Premier Jeremy Rockliff has unveiled a proposal to merge TT Line, TasPorts and TasRail in what he described as “a landmark move” to enhance the efficiency and...
VICT gives VPP notice of rising charges
VICTORIA INTERNATIONAL Container Terminal at Melbourne’s Webb Dock has issued a series of notifications of increases to tariffs and charges to apply from the New Year. The...
Sydney tug crews engage in co-op
ENGAGE MARINE’s Port Jackson tug crew are now employed under a new arrangement, known as the Sydney Ports Towage Services Co-operative. Under the co-op model 15 crew members and...
Steering Confusion Behind Aratare Grounding
NEW ZEALAND’s Transport Accident Investigation Commission has found aspects of the interaction between old and new steering systems were unknown to the bridge team of the...
Victorian nod for offshore gas storage
OFFSHORE gas storage in underground reservoirs will now be possible off the coast of Gippsland following the passage of enabling legislation through the Victorian Parliament. The...
Walenius Wilhelmsen wins again
SCANDINAVIAN ro-ro and PCTC specialist Wallenius Wilhelmsen has locked in a five-year shipping and logistics contract valued at an expected USD 766 million based on anticipated...
Spirit’s Scottish sojourn confirmed
TT LINE outgoing chief executive Bernard Dwyer has confirmed Spirit of Tasmania IV will be transferred from builder RMC in Finland to the port of Leith in Scotland, pending a...
