CMA CGM’s 2022 performance “exceptional”
CMA CGM’s 2022 financial results were largely in line with the other major ocean carriers: gigantic profits in the first half on the back of high freight rates, with a contraction...
Newly launched PNG service makes maiden call
THE Meratus Gorontalo made the maiden call on Meratus Line’s new PNG Express service late last month. The Indonesian logistics company’s new service makes direct connections from...
Hapag-Lloyd reports huge 2022 financial results, but clouds are gathering
HAPAG-Lloyd’s profits for 2022 reached US$18 billion (€17 billion), but with freight rates on the decline, the company said this year won’t be as spectacular. In 2022, the...
The DCN Weekly: Episode 37
SEALEAD announced a new service that will connect Australia directly with Pakistan and India. https://open.spotify.com/episode/7kAoSyVLJTenxl9UfOTPd0?si=b560a00572cc4abe The...
World Container Index decreases yet again
DREWRY’S composite World Container Index decreased by 2% to US$1859.28 per 40-foot container last week. The index is down 80% compared with the same week last year. The latest...
Baltic Exchange weekly market report
THE BALTIC Dry Index saw a sharp uptick over the past week, hitting 1211 on Friday, up from 883 a week before. Friday’s BDI was the highest point since early January, and 128% up...
Steel-cutting ceremony for new MPV
A TRADITIONAL steel-cutting ceremony took place on Wednesday (1 March) at the CSSC Huangpu Wenchong Shipyard in Guangzhou China. The ceremony was celebrating the construction of...
Arrest follows air freight drug detection
A MELBOURNE man was in court on Thursday (2 March) after allegedly importing 24 kilograms of cocaine in an airfreight consignment of water pumps. The St Kilda man, 31, was...
Qantas to beef up freight fleet
QANTAS Group is hiring more than 8500 people over the next decade and growing its fleet of aeroplanes, including freighters. The company said the new roles include pilots,...
Thousands up for grabs in port community grant programs
PORT of Brisbane and Port of Townsville have opened applications for their community grant programs. These programs are a way for ports to support non-profit organisations and...
Class NK releases standards for container stowage
CLASSNK has released its “Guidelines for Container Stowage and Securing Arrangements (Edition 3.0)” and its “Guidelines for Parametric Roll Countermeasures”. It said the...
A slight decline in schedule reliability in January
GLOBAL liner schedule reliability saw a month-on-month decline of 3.8% in January to 52.6% after steady increases throughout much of 2022, according to the latest report from...
Bid to purchase abandoned livestock carrier falls through
THE LIVESTOCK carrier Yangtze Fortune was due to be sold after a tender process, but the highest bid, for US$8.5 million, fell through, setting off a rush to secure a sale to the...
Construction begins at Moorebank Interstate Terminal
CONSTRUCTION has officially started on the container-handling facilities of the new Moorebank Interstate Terminal, a vital piece of Australia’s largest intermodal logistics...
MARITIME COUNTRY PROFILE: Norway
From Vikings to hydrogen exports, Norway’s maritime history is just as exciting as its future NORWAY'S maritime identity is rooted in seafaring traditions. With one of the longest...
