Aussies buy British ports
AUSTRALIAN superannuation giant IFM has bought a 63% holding in Associated British Ports from Canadian pension funds in a deal valued at $19 billion. IFM Investors already holds...
TasPorts fishing for chips’ future model
FACING forthcoming reinvestment decisions TasPorts is launching an independent strategic review of the future ownership and operating model of Burnie’s woodchip export facility....
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Market recovery helps Pacific Basin’s Q3
PROMINENT Oceania dry bulk operator Pacific Basin Shipping has reported solid performance in an improving market in the third quarter of 2026 amidst high freight rates and...
Through Suez or not?
MARKETPLACE confusion has arisen over whether the MSC/CMA CGM joint ‘direct’ service between Europe and Australia is reverting to Suez Canal/Red Sea transits or not. The weekly...
Seasonal shrinkage for PAD/NASP service
THE WEEKLY PAD/NASP service between Australia, New Zealand, East Coast North America and Europe will be truncated for 18 weeks following the conclusion of the underpinning NZ...
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Bodgie bolts behind engine-room crash
A CREW MEMBER of Rio Tinto Shipping’s Weipa-Gladstone bulker RTM Weipa was lucky to escape with minor injuries after being struck a glancing blow by part of an engine-room gantry...
Strait Link buys Monson Logistics
BASS STRAIT ro-ro and Tasmanian transport specialist Strait Link has bought local company Monson Logistics from founder Bruce Monson. Strait Link, which combines the former Toll...
Rates wallow in trough of uncertainty
IT’S BEEN an interesting week in the Asia-Australia trades, in the proverbial Chinese sense of ‘we live in interesting times’. The Week 41 SCFI for Shanghai-Sydney (mean spot...
Zesty Zespri wraps up season
NEW Zealand kiwifruit marketer and distributor Zespri is approaching the end of a very successful export season with the departure of the final chartered reefer ship for China....
Carnival is over for two local cruise ships
CARNIVAL Cruise Lines will halve its Australia-based fleet in 2028, citing vulnerability to economic and regulatory headwinds. Carnival Australia recently announced the...
OOCL expands customer proximity push
OOCL’s Melbourne customers now have the option of moving boxes to/from the Melbourne Intermodal Terminal at Somerton under the carrier’s bills of lading. The line’s regional sales...
Melbourne takes cruising Crown
PRINCESS Cruises will return to basing one of its seasonal Oceania market ships in Melbourne in 2028-29, after an absence of some years. The Carnival Group company joined forces...
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ZIM hits accelerator but Hapag deal in limbo
IN JUST six weeks since revealing its last projections, ZIM Integrated Shipping Services has substantially lifted it full-year expectations for the 2026 full year. The Israeli...
Island ferry rescue completed
A SOLOMON Islands ferry that broke down at sea on Friday [9 October] with 73 people on board was safely towed to shore last night after a multi-agency rescue effort. The 263 GT...
Aranui newie delivered in China
CHINESE builder Huanghai Shipbuilding, based in Shandong, has delivered the newbuilding combi-liner Aranoa to Tahiti-headquartered Aranui Cruises, well ahead of its planned...
