World Container Index down 1%
THE WORLD Container Index decreased 1% to US$3413 per FEU this past week. The composite index, published by Drewry, is now 67% below the previous pandemic peak of US$10,377 in...
And the winners are ...
Daily Cargo News is delighted to announce the winners of the DCN 2024 Australian Shipping & Maritime Industry Awards. The winners were announced on Thursday (21 November) at a...
Baltic Exchange weekly report
THE BALTIC Dry Index decreased each day this past week, landing at 1537 on Friday 22 November. The Baltic Dry Index for the week ending Friday 22 November 2024. Source: Baltic...
Oldendorff installs rotor sails on bulker
OLDENDORFF Carriers has announced the successful installation and deployment of Norsepower rotor sails on bulk carrier Chinook Oldendorff. Through a joint agreement first...
No slackening in local rates push
DESPITE Drewry’s World Container Index beginning to slide again this week – albeit by just 1% - spot rates on the Shanghai-Melbourne leg have risen two out of three weeks this...
Port community brings Christmas spirit to seafarers
VOLUNTEERS from across the maritime industry have come together in Port Botany to fill over 1800 Christmas gift bags for seafarers. Maritime charities Stella Maris and Mission to...
Bell Bay to boost forestry with new ship loader
TASPORTS is investing $15 million for a new ship loader at the Port of Bell Bay in order to enhance export capabilities and strengthen critical infrastructure to meet the needs of...
AMSA bans ship for dangerous goods stowage failures
THE AUSTRALIAN Maritime Safety Authority has banned a Netherlands-flagged ship for improper stowage of dangerous goods. General cargo ship Marsgracht (IMO 9571507) will not be...
ZIM's "outstanding" Q3
ISRAEL’S ZIM Integrated Shipping Services has seen rocketing revenues and returns in the third quarter of 2024, doubled key markers for the first nine months and joined other...
New hazardous materials vessels launching in NSW
NEW South Wales’ fleet of hazardous materials vessels, now 15 years old, is being replaced with 19 new, locally made vessels. The $1.58-million fleet is part of the NSW...
Princess to have three ships in 2026-27
PRINCESS CRUISES has announced three vessels will be deployed in the Australian market in 2026-27, offering 62 departures between October 2026 and August 2027. Crown Princess is...
New port opens in SA
A NEW grain-export port has opened on South Australia's Yorke Peninsula. The Port of Narungga, built near to the existing Wallaroo port has the capacity to process up to 500,000...
WA aims to to take on leading carbon capture role
THE Western Australian state government has announced a $26 million funding boost to support two carbon capture projects. A $15 million grant will support AGIG to develop an...
NQBP upgrades port security
NORTH Queensland Bulk Ports is installing more than 50 security cameras across the ports of Mackay, Hay Point and Abbot Point following a security review earlier this year. The...
S&P confirms sea ports struggling
OPERATIONAL PERFORMANCE declined in most South East Asian ports in 3Q 2024 versus 2023 while average call size increased, according to S&P Global Market Intelligence. News of...
