ICTSI first-quarter results show increases
INTERNATIONAL Container Terminal Services reported an increase in revenues, net income and EBITDA in its first-quarter financial results. ICTSI operates 33 terminals, including...
Shipping company sponsors new penguin centre
OCEAN Network Express is sponsoring the penguin centre of a new wildlife park in Singapore. The so-called Ocean Network Express Penguin Cove is located in the Bird Paradise...
New CEO at Kimberley Ports
KIMBERLEY Ports Authority has appointed Luke Westlake as chief executive officer. Mr Westlake joined Kimberley Ports Authority in December 2017, initially as operations manager,...
Meth consignment picked up at Botany freight forwarding company
A MAN has been charged after he collected a consignment of drugs from a freight forwarding company in Botany. The Sydney man allegedly imported 137 kilograms of methamphetamine...
Seafarers Happiness Index declines in Q1 2023
CREW satisfaction levels dropped in the first quarter of 2023, the latest Seafarers Happiness Index report has found. Published by the Mission to Seafarers, the quarterly report...
Hapag-Lloyd introduces green shipping service
HAPAG-Lloyd is introducing a new service called Ship Green, which it says is for climate-friendly transportation based on biofuel. The ocean carrier said the service is accessible...
TAIC details recommendations after Kaitaki incident
THE NZ Transport Accident Investigation Commission has called on Maritime New Zealand to address critical safety issues with the maintenance and management of ship engine cooling...
Demand for oil to halve by 2050: DNV
ELECTRICITY’S share in transport will increase from 1% today to 23% in 2050, according to DNV’s latest Transport in Transition report. Despite oil demand in the transport sector...
World Container Index increases
THE LATEST Drewry World Container Index increased by 1% last week, but has dropped 77% compared with the same week last year. The latest Drewry WCI composite index of $1,763 per...
Ceva leases four ro-ro vessels
CEVA Logistics has signed a new 10-year lease with its parent company CMA CGM for four of Pacific Shipping’s LNG dual fuel ro-ro vessels. The ships are under construction by China...
Svitzer Australia appoints new GM – west
SVITZER Australia has appointed Tully Barnes as its new general manager – west. Mr Barnes will be responsible for the company’s harbour and terminal towage operations in Western...
The DCN Weekly: Episode 46
IN the news this week: Qube announced two acquisitions – one a 50% stake in a New Zealand-based container logistics company and 100% of an Australian bulk haulage specialist....
A-UKFTA to enter into force on 31 May
PRIME Minister Anthony Albanese announced that the Australia-United Kingdom Free Trade Agreement is to come into force on 31 May, following the expected completion of UK domestic...
The Baltic Exchange weekly market report
The Baltic Dry Index saw a calm week last week, continuing a period of relative calm and extending its plateau out one more week. The index was 1558 on Friday (5 May), down ever...
63 alternative fuel vessels ordered this year
IN APRIL, 19 vessels with alternative fuel propulsion were ordered, according to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform. Of those vessels ordered,...
