PIL 2025: Profit down but margins highest
SINGAPORE’s Pacific International Line saw net profit fall around 22% in FY2025 but nevertheless enjoyed a strong year — and analysts note it still leads the main containership...
Maersk Q1: Volumes up, rates down
AP MOLLER-Maersk has boasted a strong first quarter, at least as far as demand went, but lower freight rates saw a notable though industry-consistent drop in profits. Against a...
“K” Line reports mixed 2025
KAWASAKI Kisen Kaisha, better-known as “K” Line, has reported lower revenues and income for its 2025 full year but the pain has not been shared across all business segments. The...
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Kaitaki report sparks major concerns
THE RELEASE late last week of the NZ Transport Accident Investigation Commission’s final report into the near grounding of ro-pax Kaitaki on rocks in Wellington Harbour in 2023...
SAL adds member, FTA adds executive
GREENSTREAM, a Sydney-based recruitment and talent advisory firm dedicated exclusively to the maritime, shipping, and marine sectors, has become the latest corporate associate...
Kaitaki breakdown report: “Serious casualty narrowly avoided”
THE NEW Zealand Transport Accident Investigation Commission’s final report into the breakdown of KiwiRail’s ro-pax Kaitaki in January 2023 has set out in stark detail six major...
NZ Media Council upholds ferry reporting complaint
A COMPLAINT lodged by New Zealand deputy PM and rail minister Winston Peters over a story on Cook Strait replacement ferry costs published by The Post has been upheld by the...
Tasports reassures King Islanders
TASPORTS has moved to assure King Island residents and shippers that the weekly service will continue uninterrupted when Bass Island Line’s (BIL) John Duigan is drydocked later...
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Underpaid crew sees another ship banned – corrected version
AMSA has issued a third ban in less than two months after another shipping company was found to have underpaid its crew, breaching the Maritime Labour Convention. On 23 April...
Feds announce rail, sea freight switch incentives
ACCOMPANYING today’s announcement of the truncation of the Inland Rail project and an extra $1.2 billion for rail network improvements the Federal Government revealed a new $55...
War-torn seafarers suffer happiness slump
THE FIRST QUARTER 2026 Seafarers Happiness Index (SHI) from The Mission to Seafarers has revealed a quarter of two halves, with an initial period of stabilisation abruptly...
Aurizon back Feds’ rail freight money
THE RAIL freight package offered by the federal government as a sweetener to its announcement of the truncation of Inland Rail has been welcomed by Aurizon. Minister for...
Down, down: Cosco halves quarterly profit, ONE in 92% FY crash
THE BAD news continues to ship out from container lines with the global number four reporting a weak Q1 2026 and the number six disclosing a giant drop in full-year profits. COSCO...
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Aratere grounding sees KiwiRail fined
WELLINGTON District Court has fined KiwiRail hundreds of thousands of dollars after the company pled guilty to charges laid by Maritime New Zealand over the 2024 grounding of...
ICTSI lifts and lifts
INTERNATIONAL Container Terminal Services, Inc, parent of Melbourne’s Victoria International Container Terminal, has turned in a stellar first quarter with recurring net income up...
