US FMC cracks down on space denials
THE Federal Maritime Commission is taking a hard line on carriers that seek to profit from tight markets by ignoring contracted rates and forcing shippers onto the more profitable...
NPDL shifting ships in the Pacific
NEPTUNE Pacific Direct Line is making changes to a number of its services from early next month as it manages maintenance requirements and optimal fleet deployment. In the NZPAC...
NZ coastal cement carrier breaks down
A MECHANICAL problem which has struck the dedicated NZ coastal cement carrier Aotearoa Chief has led Fletcher Building to warn the NZ Stock Exchange the possible cost of...
PIL to upgrade electronic bill of lading solution
PACIFIC International Lines have announced a partnership with WaveBL to provide an upgraded electronic bill of lading (eBL) solution for its customers. PIL say the eBL solution...
CMA CGM’s second quarter ‘robust’
THE persistent geopolitical tension impeded the fluidity of global trade in 2Q 2024, CMA CGM says, but also supported demand for cargo shipping. Volumes rose sharply compared to...
DSV positive about half year results despite decline in profit
DSV GROUP’S financial results for the first half of 2024 (H1 2024) have been released, depicting mixed results. The Danish transport and logistics company posted a decline in...
ATSB releases final report of Great Barrier Reef near-grounding
THE AUSTRALIAN Transport Safety Bureau has today (26 July) released their report on a near miss that occurred when a bulk carrier came close to grounding on a reef. The incident...
Baltic Exchange weekly report
THE BALTIC Dry Index decreased this past week to 1808 on Friday 26 July. The Baltic Dry Index for the week ending Friday 26 July 2024. Source: Baltic Exchange Capesize The...
MMA deal done
SINGAPORE-based Cyan Renewables has completed its acquisition of Western Australian vessel operator MMA Offshore, making it the Asia Pacific’s biggest platform for offshore wind...
Radical overhaul for MSC Oceania services
IN WHAT the carrier describes, with some understatement as a “reshuffle” Mediterranean Shipping Co is bringing wholesale changes to its Asia-Oceania and Australia-SoPac-NZ...
World Container Index decreases by 2%
DREWRY’S WORLD Container Index has seen a decrease of 2% this week to US$5806 per 40-foot container. The decrease follows over a month of steady increases, including the 1%...
EES warns of more container delays in Singapore
WITH demand for container shipping hitting a record high in May, EES Shipping is warning that delays in Singapore won’t improve in August and September. In a posting to its...
Eastern Pacific Shipping receives sixth dual-fuel bulker
SINGAPORE-based shipowner Eastern Pacific Shipping has welcomed the last of six Newcastlemax bulkers from New Times Shipbuilding in an announcement yesterday (24 July). Mount Ossa...
CSIRO locates Noongah wreck
THE wreckage of the diminutive Australian National Line coastal freighter Noongah, which sank after its steel cargo shifted in heavy weather off the northern NSW coast in August...
Administrative Review Tribunal to launch in October
THE FEDERAL government intends to launch an Administrative Review Tribunal (ART) on 14 October 2024, as a replacement of the existing Administrative Appeals Tribunal (AAT). The...
