Global demand for coal set to increase despite slowing economy
CONSUMPTION of coal is to rise slightly over 2022 to the record levels reached nearly a decade ago, according to a recent report from the International Energy Agency. According to...
Government provides $16 billion in industry assistance in 2020-21
THE Australian government provided at least $16 billion in industry assistance during 2020-21 (excluding COVID-19 support), according to the Productivity Commission’s Trade and...
Unions respond to Svitzer’s plan to cancel EBA
THREE unions that represent maritime workers employed by Svitzer Australia said they had called on the company to return to the negotiation table to negotiate a new enterprise...
Trade records broken at Australian port
THE Port of Mackay has broken a decade-long record to post its biggest trade year by volume. Queensland treasurer and trade minister Cameron Dick said the 3.6-million-tonne...
Very big ship delivered to ABS class
EVER Alot has been delivered to ABS class. According to ABS, the vessel is the largest containership in the world with just over 24,000 TEU capacity. The vessel is the latest in...
Maersk increases guidance, announces big quarterly profits
MAERSK has reported second-quarter 2022 profits ahead of its previous expectations. The company reported its revenue for the quarter was US$21.7 billion, its underlying EBITDA was...
Svitzer to commence EA termination proceedings, unions give notice of industrial action
SVITZER Australia on Monday plans commence proceedings to cancel its enterprise agreement with the Australian Maritime Officers Union, the Australian Institute of Marine and Power...
Singapore and Rotterdam to establish “green and digital corridor”
THE Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam have signed a memorandum of understanding to establish what they say is the world’s longest “green and...
Cathay Pacific resumes freighter service to Toowoomba
CATHAY Pacific Cargo has restarted its regular service to Toowoomba Wellcamp Airport in southern Queensland. The first flight departed 3 August. The airline put the service on...
Port of Newcastle’s new mobile harbour cranes arrive
“As the saying goes, ‘if you build it, they will come’, which is essentially what we are doing,” Port of Newcastle CEO Craig Carmody said on the arrival of the port’s two new...
Aurizon completes acquisition of One Rail Australia
AURIZON’S $2.35-billion deal to acquire One Rail Australia was completed on Friday. The acquisition includes two businesses. The first comprises bulk rail haulage and general...
Hapag-Lloyd earnings soar while volumes are flat
HAPAG-Lloyd posted significant earnings increases for the first half of 2022, and it raised its earnings outlook for the full year. These increases were not the result of...
Port announces three director changes
NAPIER Port on Friday announced three board changes. Serving Director Rick Barker will stand down at the nnual shareholders’ meeting in December and two new directors – Kylie...
Three alleged drug smugglers arrested
THE Victorian Joint Organised Crime Taskforce arrested three men in Melbourne on Wednesday (27 July) and charged them with allegedly importing methamphetamine and pseudoephedrine...
Biofuel bunkers trial begins
NYK and Shin-Nippon Kaiyosha have commenced a test navigation using Neste Renewable Diesel. The fule was supplied by Itochu Enex to tugboats operated by Shin-Nippon Kaiyosha. This...
