World Container Index continues to slide
DREWRY’S World Container Index decreased 3% this week to US$2719 per 40-foot container. Compared with the same week last year, the composite index has increased by 53%. The figure...
Baltic Exchange weekly report
THE BALTIC Dry Index increased steadily over the past few days, ending the week at 1901. The Baltic Dry Index for the week ending Friday 19 April 2024. Source: Baltic Exchange...
Newcastle geared for floating offshore wind tech, study finds
A STUDY commissioned by Port of Newcastle suggests that, with the required investment, the port has the capacity to support the development of floating offshore wind technology....
Maersk publishes updates on Baltimore blockage
MAERSK Line has begun publishing advisories to customers about the Baltimore bridge situation on its website, including confirmation that the owners of containership Dali have...
Hapag-Lloyd looks to 2030
HAPAG-LLOYD has detailed its “most ambitious strategy to date”, based on a new set of five core pillars covering everything from innovation to expansion and customer-centric...
Study foreshadows new Sunrise
MORE than 12 months after the partners in the Sunrise Joint Venture agreed on a concept study to focus on piping and processing gas from the Greater Sunrise Fields in the Timor...
US to force owners to fund rig de-coms
THE US government has this week updated 20-year-old regulations to ensure taxpayers are not hit with the cost of decommissioning offshore oil and gas rigs. The Department of the...
Hapag picks methanol for latest retrofits
IN PURSUIT of its strategic decarbonisation goals Hapag-Lloyd, in conjunction with tonnage-provider Seaspan, is to retrofit five containerships to enable them to operate on...
AtoN refurbishment project wraps up
THE AUSTRALIAN Maritime Safety Authority has concluded up a $1.2-million refurbishment of the remote Newman Reef aid to navigation, north-east of Thursday Island. The project...
First users for Hedland's Lumsden Point
PILBARA Ports Authority has secured its first two customers for the new Lumsden Point multi-user facility at Port Hedland. Mineral Resources and Pilbara Minerals have each signed...
Nuyina strike continues
NUYINA officers and engineers, represented by two maritime unions, are continuing industrial action between the Australian icebreaker’s Antarctic voyages. The Australian Maritime...
NSW govt calls for feedback on Freight Policy Reform
THE NSW government has announced the release of a consultation paper inviting industry to give feedback on the state’s Freight Policy Reform program. The reform aims to identify...
"K" Line joins ammonia pursuers
JAPAN'S “K” Line has joined a high-powered industry group intent on the commercialisation of ammonia-fuelled ships. The integrated group is being led by ITOCHU Corporation and...
Mooring line breakages worry insurer
P&I CLUB Gard has issued a warning about ship mooring practices after recording a significant increase in incidences of mooring line failures in strong winds. The Norway-based...
Industry updates container cleaning guide
PESTILENT containers and the cleaning thereof is the subject of an updated set of guidelines issued by a joint group of industry leaders. The International Cargo Handling...
