Baltic Exchange weekly market report
THE BALTIC Dry Index continued its fall last week, hitting a new nadir of 676 on Friday (27 January). This was a decrease of 11.4% on the previous Friday. The BDI has not been at...
2M to end in 2025
MAERSK and MSC will end the 2M alliance in January 2025. The vessel-sharing agreement began in 2015, with the two companies saying its aim was to ensure competitive and...
Dual-fuel LPG carrier delivered for NYK
KAWASAKI Heavy Industries has this week delivered a liquefied petroleum gas carrier for NYK Line. Lantana Planet is the 69th LPG carrier the company has built, and its fourth...
BV carries out 3D model-based class approval
CLASSIFICATION society Bureau Veritas has reviewed a 3D design of a 2500-cubic-metre hopper dredger from Damen Shipyards, a step to granting it approval in principle. The pilot...
WiseTech to acquire landside logistics software platform
WISETECH Global is to acquire Envase Technologies, a transport management software provider, for US$230 million (around $326.5 million). Headquartered in the United States, Envase...
New CEO appointed at WA port
SOUTHERN Ports Authority will welcome a new chief executive officer in May. Ports minister Rita Saffioti has announced Keith Wilks will step into the role of CEO on 1 May 2023. Mr...
Will higher steel values mean dry bulk carriers hold their value?
ANALYSIS of the dry bulk carrier values undertaken by consultancy Zuoz Industrial, and commissioned by the Baltic Exchange, looks at the potential impact of longer-term higher...
New noisy nuisance ship niggles Nelson neighbours
THE COMMUNITY around New Zealand’s Port Nelson is complaining about a noisy ship, according to a statement from the port. The port said the ship makes a “noisy low-frequency...
Marine insurers to merge next month
P&I CLUBS North and Standard Club have received all the approvals they need to merge as NorthStandard next month. The marine insurers said the merger will position them as one of...
$4 million committed to road transport industry projects
THE FEDERAL government is inviting the heavy vehicle industry to apply for project funding through a $4-million grant program. The government intends to provide around $4 million...
Inland Rail reduces construction impact zone
INLAND Rail has reduced the construction impact zone on its Narrabri to North Star Phase 1 works by almost 50%, according to its latest sustainability report. Inland Rail said its...
ICS launches diversity toolkit for maritime
THE INTERNATIONAL Chamber of Shipping has published its first publication on diversity and inclusion in the maritime industry to aid businesses and organisations with best...
East-west freight line reopens
THE AUSTRALIAN Rail Track Corporation has confirmed the Parkes to Broken Hill line has reopened. The track is part of the east-west link connecting New South Wales, South...
NSW Ports backs Mission to Seafarers Sydney
NSW Ports said it has donated $15,000 to Mission to Seafarers Sydney to support the centre's counselling and transport services. NSW Ports communications manager Brooke Eggleton...
Ceva and Project44 partner for ocean shipment visibility
CEVA Logistics said an agreement through a partnership with supply-chain visibility platform provider Project44. The global ocean agreement follows the one between the two...
