Another World Container Index decline
DREWRY’S World Container Index decreased 2% to US$3364 per 40-foot container this week. The composite index decreased is now 68% below the previous pandemic peak of US$10,377 in...
Second major Perth road project to ease freight routes
A SECOND major roadworks project, claimed to improve freight movements in Perth’s southern suburbs has been contracted by state and federal governments. The $1 billion contract to...
Reverse course for Esperance sulphur
WHILE the Port of Esperance has imported hundreds of thousands of tonnes of sulphur over the years, it’s unusual to see the mineral going the other way. When Jersey Spirit left...
Baltic Exchange weekly report
THE BALTIC Dry Index decreased throughout the week before a small uptick on Friday. The week commenced at 761 and ended on 735. The Baltic Dry Index for the week ending Friday 31...
MOL delivers “world first” environmentally friendly vessel
MITSUI O.S.K. Lines has yesterday (30 January) announced the delivery of Prima Verde, a multi-purpose vessel with a range of environmentally friendly features. The Japanese...
2024 a record year for air cargo demand
THE INTERNATIONAL Air Transport Association has reported a record year for global air cargo demand, with 2024 performance boosted by capacity limits in shipping. IATA’s latest...
Japanese bulker installs Norsepower sail
MECHANICAL SAIL global player Norsepower has announced that the installation of one of its signature rotor sails onboard a Japanese bulk carrier. Bulk carrier Yodohime (85022...
ATSB releases report on 2022 Brisbane breakaways
THE AUSTRALIAN Transport Safety Bureau (ATSB) has released its findings on two separate incidents of container ship breakaways while berthed at the Port of Brisbane. The...
Video shows Russian icebreaker allision
FOOTAGE has been circulating social media of an allision between a Russian nuclear icebreaker and a freighter in the Kara Sea, north of Russia. The footage reportedly shows the...
Men jailed for cocaine bus import plot
TWO MEN have been sentenced to a combined six years’ imprisonment for their roles in a foiled plot to import 139kg of cocaine into Australia inside a shipment of luxury buses. The...
Maersk boxship breakdown is sister to Dali
A MAERSK-operated boxship is reportedly still under repair after suffering engine failure while crossing the Pacific Ocean earlier this month. Singaporean-flagged Maersk Saltoro...
Advocate appointed for live sheep export transition
THE FEDERAL government has appointed a transition advocate for the phase-out of live sheep exports by sea. Chris Rodwell has taken up the role. It involves facilitating two-way...
TAFE defence training part of WA military strategy
WESTERN Australia is beefing up its defence force capabilities announcing on 29 January that it will create a TAFE defence training centre and is launching a defence industry...
Aussie produce in high demand for Lunar New Year
THE FEDERAL government has heralded Lunar New Year as an exciting opportunity for Australian food and agriculture exporters to China, with $20 billion worth of trade impediments...
Crew abandons ship in Red Sea after explosion
A CONTAINER ship has been abandoned in the Red Sea after an explosion sparked a fire that reportedly ripped through its containers. The Hong Kong-flagged ASL Bauhinia, which is...
