NYK Group's 2023 down but still third highest
JAPAN'S NYK Group saw profits fall for all major divisions in fiscal 2023 (ending 31 March 2024) but revenues and net profit came in as the third highest ever achieved. Profit...
Cement carrier latest to incur AMSA wrath
AMSA has banned another ship from Australian waters, the second this year and the 22nd since 2020. This time it is the 25,953 DWT cement carrier Darya Shaan, registered to KC...
Yang Ming back in black
ALONG with Israel’s ZIM and Taiwanese compatriot Wan Hai, Yang Ming was one of the few top container lines to record a negative EBIT in 2023, according to Alphaliner, but it’s...
WA ports share in new funds
THE WESTERN Australian government has allocated $373 million in new funding in the 2024-25 State Budget for projects at the state’s ports, involving significant maintenance and...
Auckland scores a tri
PROPOSALS to sell or lease the Port of Auckland have been terminated following the signing of a tripartite agreement between PoA, port owner Auckland City Council and the Maritime...
Rate restoration gathering momentum
RECOVERY in import demand from Asia is encouraging container lines to ramp up rate restoration efforts. ANL Containerline yesterday [8 May] announced another GRI in the North &...
Imports and exports showing rising trends
LATEST figures from London-based Container Trade Statistics show global volumes grew to around 15, 560,078 TEU in March 2024, a steep rise from February’s 13,396,864 TEU and...
Hapag and IKEA assemble green shipping deal
GERMANY'S Hapag-Lloyd and Sweden’s IKEA Supply Chain Operations have struck an agreement to decarbonise the carrier’s container shipments from Asia, marking an important step...
Freight gets Vic Budget boost
THE HEAVILY-indebted Victorian Government yesterday [7 May] brought down its 2024-25 budget, described by economist as “the most conservative for 10 years”, but has still found...
International intrigue behind ITF-targeted bulker
THE MURKY world of international shipping is again on display via a bulk carrier which has drawn ITF attention over living conditions on board. The Liberia-flagged, 55,411 DWT...
Police boat headed for new beat
A POLICE launch that’s racked up an impressive three decades of service in local and deepsea waters is headed for a new life in Papua New Guinea. Tasmania Police’s PV Van Diemen...
Red Sea dramas leave Launceston helipless
IN A rather bizarre consequence of the disruptions to shipping caused by the Middle East conflict, Launceston in Tasmania is struggling to complete a hospital helipad. The...
Deep maintenance to take Cook Strait ferries out (UPDATED)
AN INTENSIFIED maintenance program for Interisland Line’s trouble-plagued Cook Strait ferries will see at all three out of service for protracted periods over coming months. The...
Successful trials for ammonia pioneer
THE GROUND-breaking vessel Fortescue Green Pioneer has completed a second round of operational trials in the port of Singapore, this time of propulsion and manoeuvrability....
GrainCorp sees softer second half
WHILE trading conditions in the first half of the 2024 financial year were largely in line with expectations, handler and marketer GrainCorp is predicting a softer outlook for the...
