PIANC APAC 2024: Ports in a changing world
THE PIANC Asia Pacific Conference in Sydney this past week featured insights into challenges across the global ports landscape, with a focus on connecting Asia Pacific ports in a...
Baltic Exchange weekly report
THE BALTIC Dry Index climbed as high as 1827 this past week before dipping to 1814 on Friday 30 August. The Baltic Dry Index for the week ending Friday 30 August 2024. Source:...
Lyttelton Port releases mixed financial results
LYTELLTON Port Company has released its results for the 2023-24 financial year (FY24), posting a mixed report of both earnings and decreases. The company returned underlying net...
Austal's order book worth up to $12.7 billion
IMPROVED earnings from Austal’s US shipbuilding operations have helped the company to Earnings Before Interest and Tax (EBIT) of $56.5 million for the 2024 financial year,...
World Container Index continues to tumble
DREWRY’S World Container Index decreased again this past week, dropping 3% to US$5181 per 40-foot container. The latest figure is 50% below the previous pandemic peak of US$10,377...
Port of Melbourne to lease market site
THE PORT of Melbourne is to undertake its biggest expansion since its long-term lease was granted in 2016 by securing a long-term lease of the former Melbourne Markets Site. The...
Training ship damaged by boxship in Fremantle port (UPDATED)
AUSTRALIA’S largest sail-training tall ship has sustained visible damage from an allision with a Maersk container ship in the port of Fremantle. STS Leeuwin II, an 1850s-style...
Shipping on alert as stinkbug season approaches
SHIPPING lines intending to transship goods through Australia and New Zealand are on alert ahead of the upcoming 2024-25 brown marmorated stink bug (BMSB) season. Occurring...
WA ship builder Austal's US operation to settle Navy claim
ALABAMA-based, Austal USA has agreed to pay US$811,259 to settle claims that it knowingly supplied equipment that did not meet military specifications. The claims which were...
Incat acquires site for new shipbuilding facility
INCAT Tasmania has acquired a 12-hectare site north-west of Hobart to build a new shipbuilding facility. The new site, a portion of the Norske Skog Boyer Mill site at Boyer, would...
Air cargo demand continues to rise in July
GLOBAL air cargo demand is still growing, according to the International Air Transport Association, due in part to constraints in shipping. The latest monthly air cargo statistics...
Move Logistics releases financial year results
MOVE Logistics Group has released its results for the 2023-24 financial year (FY24), admitting that group performance was below aspirations. The New Zealand-based transport and...
IMO secretary-general condemns "unacceptable" Red Sea attack
THE INTERNATIONAL Maritime Organization’s secretary-general has spoken following a recent attack on an oil tanker while transiting the Red Sea. Mr Arsenio Dominguez, who became...
TT Club calls for wider efforts to prevent ship fires
TT Club is calling for greater diligence across the supply chain following a “spate” of containership fires in recent months. The freight insurer said all players in the global...
Work to commence at Horn Island Port
PORTS North says onsite works for a major upgrade to Horn Island port will occur from 9 September this year. The upgrade will significantly increase capacity and deliver safer and...
