Cement carrier latest to incur AMSA wrath
AMSA has banned another ship from Australian waters, the second this year and the 22nd since 2020. This time it is the 25,953 DWT cement carrier Darya Shaan, registered to KC...
Yang Ming back in black
ALONG with Israel’s ZIM and Taiwanese compatriot Wan Hai, Yang Ming was one of the few top container lines to record a negative EBIT in 2023, according to Alphaliner, but it’s...
Container index continues to rise
DREWRY’S composite World Container Index increased 16% to US$3159 per 40-foot container this week. The latest index is an 81% increase compared with the same week last year and a...
Baltic Exchange weekly report
THE BALTIC Dry Index on Friday 10 May was 2129 following ups and downs throughout a shorter week in the UK. The Baltic Dry Index for the week ending Friday 10 May 2024. Source:...
Family presented with bell of iconic Sydney tug
PORT Authority of NSW has presented the family of Wiradjuri woman Shirley Smith with the bell of the tugboat named after her. Firefighting tug Shirley Smith was one of two tugs...
Fed govt commits $33m to Westport project
THE FEDERAL government has announced $33.5 million in funding to progress plans for the development of Westport in WA. The funding is outlined in the 2024-25 federal budget, due...
WW reports "strong quarter" despite Red Sea, Baltimore
WALLENIUS Wilhelmsen has reported “strong performance” for the first quarter of 2024 despite Red Sea diversions and one of its ships being trapped by the Baltimore bridge...
WA ports share in new funds
THE WESTERN Australian government has allocated $373 million in new funding in the 2024-25 State Budget for projects at the state’s ports, involving significant maintenance and...
Auckland scores a tri
PROPOSALS to sell or lease the Port of Auckland have been terminated following the signing of a tripartite agreement between PoA, port owner Auckland City Council and the Maritime...
Rate restoration gathering momentum
RECOVERY in import demand from Asia is encouraging container lines to ramp up rate restoration efforts. ANL Containerline yesterday [8 May] announced another GRI in the North &...
Imports and exports showing rising trends
LATEST figures from London-based Container Trade Statistics show global volumes grew to around 15, 560,078 TEU in March 2024, a steep rise from February’s 13,396,864 TEU and...
DHL Supply Chain revenue, profits outshine Group results
DHL Group’s revenue and operating profit declined in the first quarter of 2024 compared with that of 2023, but there was growth in the company's Supply Chain division. The...
Hapag and IKEA assemble green shipping deal
GERMANY'S Hapag-Lloyd and Sweden’s IKEA Supply Chain Operations have struck an agreement to decarbonise the carrier’s container shipments from Asia, marking an important step...
Freight gets Vic Budget boost
THE HEAVILY-indebted Victorian Government yesterday [7 May] brought down its 2024-25 budget, described by economist as “the most conservative for 10 years”, but has still found...
Austrade leads maritime mission to South East Asia
AUSTRADE sharpened its focus on decarbonisation in the maritime industry at a business mission in Singapore and Malaysia. This is the first Australia Southeast Asia Business...
