Barossa FPSO named in Singapore
THE FLOATING production storage and offloading unit for Santos Ltd’s Barossa Field in the Timor Sea was officially named BW Opal at topsides builder Seatrium’s Singapore yard on...
China-Australia rates finally fall
FREIGHT RATES between China and Australia are on their way to halving in a matter of a few weeks, with the Shanghai Containerised Freight Index diving alarmingly since a...
Rates flood gates may be opening
WITH Australasian trades finally catching the Drewry World Container Index’s cold, container lines are moving into rate recovery mode, a scenario that’s almost invariably...
PoM, Boskalis dredge up 12-year deal
THE PORT of Melbourne (PoM) has signed a new, 12-year maintenance dredging contract with Dutch specialist Boskalis. PoM said although this new agreement – which became effective...
Australia's Rhumb folded into Cetus
RHUMB MARITIME, founded by Australian shipping veterans Ian Dalgliesh and Ross Toy, has been acquired outright by global dry bulk operator Cetus Maritime after a business...
Local liner trade update: First for Aust services
ANL/CMA CGM are anticipating a first for their Australasian trades with the imminent arrival of the dual-fuel (LNG) powered CMA CGM Baalbeck. The 8048 TEU newbuilding is currently...
Dodgy steering behind beacon bash
THE AUSTRALIAN Transport Safety Bureau has released its findings into a Yarra River incident that intrigued the port community at the time and has led a leading containership...
HMM humming along
IN WHAT IT modestly describes as “a solid financial performance in 2024” South Korea’s HMM has reported an operating margin of 30% for the year. Operating profit increased 501% -...
North Queensland transport still struggling
EASING RAINFALL in North Queensland today has brought some relief to flood-hit areas but restoration of key transport links is a long way off. The temporarily-repaired Ollera...
Mice payout nice for Zespri
A RODENT infestation has had a happy ending for NZ kiwifruit exporter Zespri, though not for the mice. In April 2024 Zespri was forced to delay the start of its European sales...
CSIRO calls for ocean investigators
THE CSIRO has opened applications for supplementary positions aboard voyages of the research vessel Investigator in 2026-27. Supplementary Applications are invited for fully...
PoM shells out for reef restoration
THE PORT OF MELBOURNE has joined forces with The Nature Conservancy Australia in a $890,000 project to restore shellfish reefs in Port Phillip’s designated dredging grounds. The...
Aust box trades see 9-month boom
THE JANUARY-SEPTEMBER 2024 period proved lucrative for container lines in Australasian trades, with imports rising 9.9% and exports 9.7%, albeit rates were more of a mixed bag....
Industry to be briefed on major Melbourne changes
MELBOURNE’s container logistics chain will face comprehensive changes later this year when the West Gate Tunnel and upgraded M1 infrastructure comes into use. CTAA, FTA/APSA and...
Maersk boasts third-best FY result
COPENHAGEN’s A.P. Moller - Maersk has reported strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65%...
