Ports weigh in on tabling of privatisation contracts
THE RELEASE of port documents on Thursday (21 March) has fuelled discussion on what privatisation means for the ports of New South Wales and for the state itself. Their comments...
OOCL joins the deep divers
HONG Kong’s Orient Overseas Container Line has become the latest carrier to reveal the quantum of the 2023 downturn in freight rates, revenues and profitability. Parent company...
World Container Index continues downward trend
DREWRY’S World Container Index decreased by 5% this past week to US$3010 per 40-foot container. The latest WCI is 112% higher than average 2019 (pre-pandemic) rates of US$1420....
Port privatisation contracts tabled in Parliament
THE NEW South Wales government on Thursday (21 March) announced treasurer Daniel Mookhey would table port privatisation contracts in Parliament. The treasurer set out to reveal...
Red Sea, Gulf of Aden declared Warlike Operations Area
THE INTERNATIONAL Bargaining Forum has designated the Red Sea and Gulf of Aden a Warlike Operations Area following the deaths of three seafarers in the region earlier this month....
Austal wins another from repeat customer
TAHITI-BASED Degage Group has returned to shipbuilder Austal for a new ro-pax for French Polynesia service, to be constructed at the WA company’s Vietnam yard in Vũng Tàu. To be...
Sayonara to NWS carriers
A SIGNIFICANT era in Australian shipping is coming to an end as the final four steam turbine LNG carriers of the North West Shelf Shipping Services Co deliver last cargoes from...
Kimberley becomes Engaged
ENGAGE Marine has won a contract to operate transhipment operations for Kimberley Metals Group at Wyndham in far northwest Australia. KMG is reactivating iron ore production,...
Hyperbaric chamber boosts Aust subsea sector
AUSTRALIA'S first hyperbaric chamber testing facility has opened at the Australian Marine Complex at Henderson, WA, jointly funded by industry and the state government. It is...
Smit Lamnalco back in Botany business
SMIT Lamnalco has returned to towage in Port Botany, undertaking the first work yesterday [19 March] in its own name since 2015. SL withdrew from the port that year, shortly after...
Wallenius Wilhelmsen has bumper-to-bumper 2023
GLOBAL PCTC and ro-ro operator Wallenius Wilhelmsen turned in record results in 2023, a year the company described as exceptional “financially, commercially, and operationally”....
Reefer trades resuming normal temperature
GLOBAL reefer trades should obtain a degree of normality in 2024, according to the annual review of the market by independent Dutch consultancy Dynamar. In its Reefer Analysis -...
Japanese CO2 could be headed our way
AN AGREEMENT signed in Houston, USA on Monday [18 March] could see carbon dioxide shipped from Japan to Australia for placement in greenhouse gas storage facilities. JX Nippon Oil...
New CCO at Svitzer Australia
SVITZER Australia has appointed Veronica Jensen as its new chief commercial officer for the Australia and PNG region. Ms Jensen started in the role this month and is based out of...
Half-year profit up 40% at NZ port
PORT Otago has announced a half-year profit of NZ$13 million for the six months ended December 2023, up 40% on the same six months in 2022. Container volumes increased by 51% to...
