Baltic Exchange weekly report
THE BALTIC Dry Index dipped during the week before climbing to 792 on Friday 14 February. The Baltic Dry Index for the week ending Friday 14 February 2025. Source: Baltic Exchange...
Rates flood gates may be opening
WITH Australasian trades finally catching the Drewry World Container Index’s cold, container lines are moving into rate recovery mode, a scenario that’s almost invariably...
World Container Index tumbles again
DREWRY’S World Container Index decreased 5% to US$3095 per 40-foot container this week. The index is now 70% below the previous pandemic peak of US$10,377 in September 2021....
PoM, Boskalis dredge up 12-year deal
THE PORT of Melbourne (PoM) has signed a new, 12-year maintenance dredging contract with Dutch specialist Boskalis. PoM said although this new agreement – which became effective...
Ports closed with cyclone to hit Pilbara today
THE PILBARA ports of Dampier and Varanus Island have closed as severe tropical cyclone Zelia, now a category 5 storm, bears down on the northwest of WA. Mine sites have closed and...
Australia's Rhumb folded into Cetus
RHUMB MARITIME, founded by Australian shipping veterans Ian Dalgliesh and Ross Toy, has been acquired outright by global dry bulk operator Cetus Maritime after a business...
Local liner trade update: First for Aust services
ANL/CMA CGM are anticipating a first for their Australasian trades with the imminent arrival of the dual-fuel (LNG) powered CMA CGM Baalbeck. The 8048 TEU newbuilding is currently...
Zelia tipped for category 5 as more northern ports cleared
CYCLONE Zelia has intensified rapidly to a category 3 overnight and is expected to reach category 5 before it crosses the coast. As the intense tropical cyclone bears down on...
Team Global Express inks deal with China's largest courier
TEAM Global Express has partnered with China’s largest courier, SF Express, to combine networks and increase bilateral trade. Under a deal announced on 13 February, TGE will...
SA exports maintain near-record highs
SOUTH Australia’s merchandise exports have topped $17 billion for the second calendar year running. The latest ABS full-year export data for 2024 marked an increase of more than...
Digital seafarer certification project in the works
THE INTERNATIONAL Chamber of Shipping has signed onto a project to digitalise seafarer certification processes. ICS will work with the Lloyd’s Register OneOcean platform and the...
Austal secures $270m contract for hydrogen-ready ferry
A SWEDISH ferry operator has tasked Austal with building a hydrogen-ready ferry under a contract valued at some $270 million. Austal Australasia is to design and construct the...
76-tonne tobacco haul seized from "suspicious" ship off Aus coast
A BULKER behaving “suspiciously” off the Australian coast has been serving as a storage platform for illegal cigarettes, authorities revealed today (12 February). The...
Cyclone Zelia threat to Port Hedland
TROPICAL cyclone Zelia has been declared and continues to threaten “severe impact” to the east Pilbara coast or adjacent Kimberley coast later on Thursday and Friday. A tropical...
Dodgy steering behind beacon bash
THE AUSTRALIAN Transport Safety Bureau has released its findings into a Yarra River incident that intrigued the port community at the time and has led a leading containership...
