Wallenius moves to full ownership Armacup
SCANDINAVIA’s Wallenius Wilhelmsen has moved to 100% ownership of NZ’s Armacup, which originated the Japanese used car trade to Kiwiland in 1989 and has been steadily expanding...
Hapag's bumper Q1 but lower expectations
HAPAG-LLOYD is expecting a lower result in 2025 despite the first quarter producing significantly better returns year-on-year. The German carrier racked up a 17% increase in Group...
Baltic Exchange Weekly Report - 2 May 2025
The Baltic Dry Index has risen this week, standing at 1421 for the week of 2nd May. Capesize The Capesize market maintained a generally firm tone this week, supported by a...
OPINION: Proposed US port fees expected to cause chaos
RECENT announcements by the Trump administration have struck fear into the shipping and global supply chain world. Most have been about tariffs, which at the time of writing this...
NSW: Gateway to the Hunter
Port of Newcastle is investing in the region with plans for greater container capacity and renewable energy generation, while continuing to support traditional markets PORT of...
Incat launches world’s largest battery-electric ferry
AUSTRALIAN shipbuilder Incat Tasmania has announced to have made history today (2 May), with the official launch of the world’s largest battery-electric ship. Hundreds gathered at...
World Container Index - 1 May 2025
DREWRY’S World Container Index has decreased by 3% to US$2091 per 40-foot container this week, 80% below the previous pandemic peak of US$10,377 in September 2021. However, the...
MOL reports revenue growth as longer transit routes bolster rates
CONFLICT in the Middle East forcing ships to avoid the Red Sea was a key market influence in the containership and car carrier sectors during 2025, Mitsui O.S.K Lines has...
Cathay Cargo to begin weekly Brisbane freighter service
CATHAY Cargo has announced it will bring a weekly service to Brisbane Airport. Cathay said the flight, which previously operated out of Wellcamp Airport, will be moved to Brisbane...
Fears election a “missed opportunity” for Aus maritime
A PROPOSED strategic fleet and shipping competition policy are key issues for the next federal government to grapple with, maritime and freight sector figures say. There are...
Port of Townsville plans multi-million-dollar works
THE PORT of Townsville has announced the construction of a multi-million-dollar Project Cargo Laydown Area at its East Port Precinct, providing North Queensland with critical...
VICT orders hybrid straddle carriers
VICTORIA International Container Terminal has placed an order with global port equipment specialist Kalmar for four hybrid automated straddle carriers, each with a 60-ton twin...
Stricken LPG tanker Victoire headed for Fiji
THE LPG tanker Victoire, which broke down in eastern Bass Strait on 4 April and was eventually towed to refuge in Eden, will depart later this week under tow to Fiji for discharge...
Successful launch for RAN's latest Evolved Cape-class Patrol Boat
AUSTAL Australia has successfully launched the ninth in a series of 12 Evolved Cape-class Patrol Boats (ECCPB) for the Royal Australian Navy. The future HMAS Cape Spencer,...
CMA CGM welcomes Indian-flagged CMA CGM Vitoria
CMA CGM has become the first major foreign carrier to register a container ship under the Indian Flag. The shipping line welcomed the arrival of CMA CGM Vitoria at Nhava Sheva...
