Container rates plateau post Chinese New Year
CONTAINER prices have plateaued following Chinese New Year but remain elevated while attacks continue in the Red Sea, according to the latest data from Container xChange. The...
Australia and Singapore formalise maritime partnership
AUSTRALIA and Singapore have agreed to formally collaborate on establishing a green and digital shipping corridor between the two countries. Federal transport minister Catherine...
Air cargo demand outpaces trade in January
THE INTERNATIONAL Air Transport Association has reported the highest annual growth in air cargo demand since mid-2021. Global air cargo demand, measured in cargo tonne-kilometres,...
Govt and industry talk level-crossing safety at national roundtable
A NATIONAL roundtable has identified “priority actions” to improve level-crossing safety across Australia, the federal government said. The level-crossing safety roundtable on 6...
Inmarsat to trial 5G mesh network offshore
INMARSAT Maritime is trialling what it claims is the world’s first over-water 5G mesh network. The 5G mesh technology aims to enable high-speed connectivity in challenging...
Svitzer appoints financial leaders ahead of demerger
SVITZER has announced two leadership appointments ahead of its separation from Maersk next month. Christian Lintner is to become the company’s head of treasury, effective 1 May...
Pacifica expands NZ coastal service
PACIFICA Shipping has expanded its coastal service between the NZ ports of Auckland and Lyttelton with a new twice-weekly schedule. The coastal shipping operator said the service...
ICTSI inaugurates VICT Phase 3 expansion
INTERNATIONAL Container Terminal Services (ISCTI) on Monday inaugurated Victoria International Container Terminal’s Phase 3 expansion. At a remote ceremony at the Ritz-Carlton in...
Equipment order locked in for Somerton intermodal
CARGO handling specialist Kalmar has agreed to supply Australia’s Intermodal Terminal Company with equipment for the new Somerton Intermodal Terminal. Kalmar is to provide six...
ABARES forecasts ag sector rebound
THE AUSTRALIAN Bureau of Agricultural and Resource Economics and Sciences expects the value of the nation’s agriculture sector to rebound in 2024-25. The latest Agricultural...
Aussie-designed ferry deployed in Hong Kong
A NEW passenger ferry designed by Incat Crowther has entered service in Hong Kong. Xin Ming Xhu VIII was designed by the Australian marine engineering company and built by...
MOL acquires Fairfield Chemical Carriers
MOL Chemical Tankers has acquired Fairfield Chemical Carriers (FCC) and its fleet of stainless-steel tankers. The acquisition, valued at around US$400 million (about $615...
ATSB study flags theme in level-crossing collisions
AN ANALYSIS of 49 level-crossing collisions found obstructed views or failure to detect oncoming trains contributed to most accidents involving heavy vehicles. The stated goal of...
Profits increase at CentrePort
CENTREPORT Limited has ended the first half of the new financial year with a profit. The Wellington port company says it will have an unaudited underlying profit of $6.7 million...
Revenue and volumes up at ICTSI
INTERNATIONAL Container Terminal Services (ICTSI) has reported its revenue increased to US$2.39 billion in the 2023 financial year, a 6% increase from 2022. The terminal...
