WiseTech to acquire Aktiv Data
ASX-LISTED WiseTech Global has agreed to acquire Aktiv Data, an electronic customs and freight forwarding specialist in Finland. Aktiv Data’s flagship product is nTax, cloud-based...
iReX wind-down details emerge
THE IMPACT of the NZ Government’s cancellation of the NZ$1.3 billion iReX project to replace KiwiRail’s ageing Interislander rail/ro/pax ferries is being felt at local levels....
Baltic Exchange weekly report
THE BALTIC Dry Index decreased each day this past week to 1628 on 5 April, continuing a downward trend that began in mid-March. The Baltic Dry Index for the week ending Friday 5...
RightShip and Intercargo's excellence adventure
MELBOURNE-founded RightShip and the International Association of Dry Cargo Shipowners have joined forces to launch an independent, not-for-profit industry organisation dedicated...
Drastic plastic: study finds tonnes on ocean floor
IN A first estimate of how much plastic waste ends up on the floor of the world’s oceans, work by the CSIRO and the University of Toronto in Canada has concluded up to 11 million...
Cost of ending Newcastle container limits revealed
IPART has determined how much the Port of Newcastle needs to pay the state of NSW to end the legislative process that requires the port to reimburse the state if its container...
World Container Index continues steady decline
DREWRY’S composite World Container Index decreased 3% to US$2836 per 40-foot container this week. The latest figure is a 66% increase compared with the same week last year and is...
Lyttelton revenue "well behind forecast"
LYTTELTON Port Company has said its revenue remained “well behind forecast” for the six months to 31 December 2023. The South Island port reported an operating revenue of NZ$93.14...
West pleads for more supply-chain resilience
WA’s Western Roads Federation has made a 19-point submission to state, territory and federal governments seeking a co-ordinated approach to addressing the increasing number of...
Interstate Terminal opens at Moorebank
THE INTERSTATE Terminal at the Moorebank Intermodal Precinct opened on Thursday (4 April) with the arrival of the first interstate train. The Interstate Terminal, located in...
Air cargo demand strengthens in February
NEW monthly data from the International Air Transport Association suggests global air cargo demand is getting stronger. In February 2024, total demand (measured in cargo...
WA ferry under construction at Austal shipyard
CONSTRUCTION of a new passenger ferry, which will operate in Western Australia, has commenced at Austal’s Philippines shipyard. Australia’s Incat Crowther designed the 32-metre...
Melbourne assures about bridge safety
PORT of Melbourne harbour master Warwick Laing has moved to reassure the industry and community that the West Gate Bridge is very unlikely to meet the fate of the Baltimore bridge...
Vale Michael Parker
CONDOLENCES are flowing in from around the industry following the death of Fremantle Ports CEO Michael Parker. Mr Parker died while he was at work on Wednesday morning (3 April),...
Wallenius Wilhelmsen prices Baltimore lock-in
WALLENIUS Wilhelmsen expects the closure of Baltimore, one of the USA’s leading automobile trade ports and a key company hub, to cost it up to US$10 million. WW estimates it will...
