PIL 2025: Profit down but margins highest
SINGAPORE’s Pacific International Line saw net profit fall around 22% in FY2025 but nevertheless enjoyed a strong year — and analysts note it still leads the main containership...
Maersk Q1: Volumes up, rates down
AP MOLLER-Maersk has boasted a strong first quarter, at least as far as demand went, but lower freight rates saw a notable though industry-consistent drop in profits. Against a...
“K” Line reports mixed 2025
KAWASAKI Kisen Kaisha, better-known as “K” Line, has reported lower revenues and income for its 2025 full year but the pain has not been shared across all business segments. The...
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Strait of Hormuz remains concern for Australian fertiliser importers
THE Strait of Hormuz remains a key concern for global nitrogen markets with reports about 20 fully loaded urea vessels destined for Australia remain stranded in the Persian Gulf,...
Boost for meat exports to Indonesia
THE approval of five additional export beef establishments to supply the Indonesia market represents “another big win for Australia’s red meat industry”, federal agriculture...
Partnership to cut freight vehicle reliance on fuel
HELPING reduce reliance upon fossil fuels is a focus of the Victorian government in signing a global memorandum of understanding (MoU) on transitioning to zero-emission freight...
Kaitaki report sparks major concerns
THE RELEASE late last week of the NZ Transport Accident Investigation Commission’s final report into the near grounding of ro-pax Kaitaki on rocks in Wellington Harbour in 2023...
Maritime sector to golf for a cause
THE Shipping & Logistics Charity Golf Day is returning on 23 October in partnership with the Kids Cancer Project to Support Childhood Cancer Research. This year’s venue is the...
Sydney man charged over attempted meth import
A SYDNEY man, 23, from Kellyville, has appeared before Penrith Local Court after a multinational police operation saw 300kg of methamphetamine hidden inside pressure washers...
Baltic Exchange Weekly Report - 8 May 2026
THE BALTIC Dry Index (BDI) peaked at 3027 this week before closing at 2978 points for 8 May 2026, which was still an increase from 1 May's figure of 2730. Capesize The market...
SAL adds member, FTA adds executive
GREENSTREAM, a Sydney-based recruitment and talent advisory firm dedicated exclusively to the maritime, shipping, and marine sectors, has become the latest corporate associate...
Report highlights equipment failures in global fleet
A REPORT detailing “critical and recurring equipment failure points” within ships across the world has been released by the International Association of Classification Societies...
Kaitaki breakdown report: “Serious casualty narrowly avoided”
THE NEW Zealand Transport Accident Investigation Commission’s final report into the breakdown of KiwiRail’s ro-pax Kaitaki in January 2023 has set out in stark detail six major...
World Container Index – 7 May 2026
The DREWRY World Container Index (WCI) increased 3% to $2,286 per 40ft container after three consecutive weekly declines, driven by higher freight rates on Transpacific and...
Thai concession extension a boost for DP World
A CONCESSION extension at Laem Chabang Port, Thailand, ensures continuity and service stability for customers, DP World Asia Pacific chief executive and managing director Glen...
