Tariff impact likely to be indirect, economic analyst says
IMPACTS on Australia from the imposition of US tariffs are likely to be felt indirectly, a conference in Victoria has heard. Duncan Smith, the general manager for client...
Federal Coalition pledges TFES boost
IF SUCCESSFUL in the yet-to-be-called federal election the Liberal National Coalition will launch an enquiry into the Tasmanian Freight Equalisation Scheme and provide $65 million...
Hapag happy, despite some slippage
HAPAG-Lloyd reported a slight increase in Group operating result for 2024 but at USD 2.6 billion (EUR 2.4 billion), the Group profit was below that of the prior year, particularly...
Qube signs fertiliser deal through Whyalla Port
A MULTI-MILLION dollar investment by Agfert Fertilizers has secured a deal with QUBE to import fertilisers through Whyalla Port. The South Australian fertiliser company is...
Cargo hold deaths prompt safety review
FOLLOWING the deaths of three stevedores in a cargo on the bulk carrier Berge Mawson the UK’s Marine Accident Investigation Branch has called for a review into the Code of Safe...
Record year for Wallenuis Wilhelmsen
WALLENIUS Wilhelmsen’s 2024 financial performance surpassed its record 2023, the company revealed in releasing its annual report in Oslo on Friday. Adjusted EBITDA for 2024 was...
World Container Index - 20 March 2025
DREWRY'S World Container Index decreased 4% to $2,264 per 40ft container this week. Source: Drewry World Container Index The Drewry WCI composite index decreased 4% to $2,264 per...
Baltic Exchange weekly report
THE BALTIC Dry Index has dropped during the week, ending at 1643 on Friday 21st March. The Baltic Dry Index for the week ending Friday 21st March 2025. Source: Baltic Exchange...
StraitNZ buys replacement ferry
NEW ZEALAND’s privately-owned Cook Strait ferry operator StraitNZ has sourced a ropax from Europe to replace its 1997-built Strait Ferronia for its Bluebridge service between...
Cyclone blamed for Pilbara Ports output drop
CYCLONE Zelia, changes in market conditions, port maintenance operations and customer needs are blamed for a 6% drop in monthly output at Pilbara Ports compared to February 2024....
Exclusion zone at Darwin port for military exercise
AN EXCLUSION zone has been declared for waters around Darwin Port’s No. 1 berth for a US Navy and Australian Defence Forces exercise from 24 March to 3 April. Around 2500 US...
China-Australia spot rates recover
FREIGHT rates on the China-Australia route reversed direction this week, after steadily falling since the last week of January. The Shanghai Containerised Freight Index for spot...
Massive economic value of three QLD ports
$31.7 BILLION – that’s the contribution of the ports of Mackay, Hay Point and Abbot Point to Queensland’s gross state product, according to a new study commissioned by North...
Catastrophic failures prompt safety alert
TWO recent incidents of improperly packed Cargo Transport Units (CTUs) which led to catastrophic failures have prompted a new international safety alert. The cargo transport unit...
Teekay and MUA resolve Fremantle IA issue
UNION action between the Maritime Union of Australia (MUA) and Teekay Shipping (Australia) Pty Ltd (Teekay), has been lifted. Bunkering at Fremantle Port has now returned to...
