CMA CGM’s 2022 performance “exceptional”
CMA CGM’s 2022 financial results were largely in line with the other major ocean carriers: gigantic profits in the first half on the back of high freight rates, with a contraction...
Newly launched PNG service makes maiden call
THE Meratus Gorontalo made the maiden call on Meratus Line’s new PNG Express service late last month. The Indonesian logistics company’s new service makes direct connections from...
Hapag-Lloyd reports huge 2022 financial results, but clouds are gathering
HAPAG-Lloyd’s profits for 2022 reached US$18 billion (€17 billion), but with freight rates on the decline, the company said this year won’t be as spectacular. In 2022, the...
Steel-cutting ceremony for new MPV
A TRADITIONAL steel-cutting ceremony took place on Wednesday (1 March) at the CSSC Huangpu Wenchong Shipyard in Guangzhou China. The ceremony was celebrating the construction of...
Arrest follows air freight drug detection
A MELBOURNE man was in court on Thursday (2 March) after allegedly importing 24 kilograms of cocaine in an airfreight consignment of water pumps. The St Kilda man, 31, was...
Qantas to beef up freight fleet
QANTAS Group is hiring more than 8500 people over the next decade and growing its fleet of aeroplanes, including freighters. The company said the new roles include pilots,...
Thousands up for grabs in port community grant programs
PORT of Brisbane and Port of Townsville have opened applications for their community grant programs. These programs are a way for ports to support non-profit organisations and...
Class NK releases standards for container stowage
CLASSNK has released its “Guidelines for Container Stowage and Securing Arrangements (Edition 3.0)” and its “Guidelines for Parametric Roll Countermeasures”. It said the...
A slight decline in schedule reliability in January
GLOBAL liner schedule reliability saw a month-on-month decline of 3.8% in January to 52.6% after steady increases throughout much of 2022, according to the latest report from...
Bid to purchase abandoned livestock carrier falls through
THE LIVESTOCK carrier Yangtze Fortune was due to be sold after a tender process, but the highest bid, for US$8.5 million, fell through, setting off a rush to secure a sale to the...
Construction begins at Moorebank Interstate Terminal
CONSTRUCTION has officially started on the container-handling facilities of the new Moorebank Interstate Terminal, a vital piece of Australia’s largest intermodal logistics...
Toll Group acquires drone operator
TOLL Group has acquired Air Support Queensland (ASQ), an Australian uncrewed aircraft systems flight operations and training provider. A statement from Toll said ASQ has an...
Hapag-Lloyd signs LNG supply agreement with Shell
HAPAG-Lloyd and Shell have signed a multi-year agreement for the supply of LNG for the shipping line’s ultra-large dual-fuel 23,500-TEU container vessels. Bunkering for the 12 new...
Independent valuer for Port of Newcastle appointed
NEW South Wales Treasurer Matt Kean has appointed the Independent Pricing and Regulatory Tribunal (IPART) as the independent valuer under the Port of Newcastle Extinguishment of...
Kuehne+Nagel saw big profits in 2022
KUEHNE+Nagel saw its net profits increase by 30% over 2022, with all its business groups contributing to the result, according to its financial results for the year, released on...
