PACBASIN REPORTS STABLE RESULTS IN UNEVEN YEAR
PACIFIC BASIN, prominent operator of handysize and supramax bulkers especially in Australasian trades, has described “an unusually flat market” in delivering its 2024 results....
CMA CGM: Strong 2024 but “prudent” outlook
CMA CGM Group on Friday [28 February] reported full-year 2024 revenue stood at USD 55.5 billion, a 18.0% year-on-year increase that was led by the performance of the group’s...
KIWIRAIL TAKES HIT TO BOTTOM LINE
A NATIONAL freight downturn in a soft domestic economy, and a series of one-off events, contributed to a fall in KiwiRail’s bottom line in the half year to 31 December 2024...
ALFRED NOW EXPECTED TO CROSS QLD COAST
THE BUREAU of Meteorology is now expecting Tropical Cyclone Alfred to cross the Queensland coast between Brisbane and the Sunshine Coast sometime from tomorrow onwards. Under...
EURO TECH COMPANIES LAUNCH SMART CONTAINER ALLIANCE
A GROUP of supply chain smart technology providers has united to form the Smart Container Alliance, a body to drive the adoption of smart container technology. The...
Tasmania bringing Spirit IV home
BASS Strait ro-pax Spirit of Tasmania IV will leave Scotland for its home state after the Tasmanian government directed owner TT Line to abandon negotiations to lease the ship...
RECORD REVENUE FOR BHAGWAN MARINE
PERTH-based marine services company, Bhagwan Marine has reported record first half revenue of $154.1 million. Australia’s biggest Australian Stock Exchange listed marine services...
CONOCOPhillips approved to drill in Otway Basin
CONOCOPhillips plans to drill up to six exploratory gas wells in the Otway Basin, 20 kilometres off the coast of Victoria and 33 kilometres from King Island, Tasmania. The project...
Port Hedland hydrographic survey warning
MARINERS are warned that Port Hedland will carry out its annual hydrographic survey, starting on 7 March, expected to be complete on 20 March. Harbour master East (Port Hedland),...
World Container Index continues to fall
DREWRY's World Container Index decreased 6% to $2,629 per 40ft container this week. Source: Drewry World Container Index, Drewry Supply Chain Advisors The index is now 75% below...
Torres helo prang
TWO HELICOPTER PILOTS employed by Torres Pilots’ marine pilots transfer contractor Flyon have survived uninjured a crash aboard the bulk carrier Star Coral off the Queensland...
Baltic Exchange Weekly Report - 28 February 2025
THE BALTIC Dry Index has steadily steadily during the week before climbing to 1229 on Friday 28 February. The Baltic Dry Index for the week ending Friday 28 February 2025. Source:...
DIRECT FLIGHTS BOOST MALAYSIA TRADE WITH SOUTH AUSTRALIA
DIRECT Malaysia Airlines flights from South Australia to Kuala Lumpur have unlocked 75 tonnes of direct air freight capacity. Taking advantage of the $1 billion export markets for...
PORT OF TAURANGA BOUNCES BACK
DESPITE what it warns is a sluggish domestic economy NZ’s Port of Tauranga sees signs of early recovery in some areas as it turns in a strong performance for the six months to 31...
BRISBANE SHORT-TERM CLOSURES TO CONTINUE
PILOT TRANSFERS for vessels arriving and departing the Port of Brisbane will be suspended again tomorrow morning, two hours either side of low water, and the restrictions are...
