IMO adopts a new GHG reduction strategy
MEMBER states of the International Maritime Organization adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships. The revised strategy includes what the IMO called...
WCI continues steady decline
THE WORLD Container Index decreased by 1.3% this past week to $1474.32 per 40-foot container. The index and has dropped by 79.1% when compared with the same week last year. The...
DHL Supply Chain welcomes CFO for Australia and NZ
DHL Supply Chain has appointed Brindha Pillay as chief financial officer for Australia and New Zealand. Ms Pillay will succeed Craig Roberts, who is relocating to a new DHL role...
Baltic Exchange weekly report
THE BALTIC Dry Index ended last week at 1009. This was down 5.5% on Monday’s index, but up from a low of 993 on Thursday. The Baltic Dry Index for the week ending 7 July 2023....
The DCN Weekly: Episode 55
IN THE news this week, a new chair and board members were appointed to the Australian Maritime Safety Authority board....
Svitzer tugs to run on vegetable oil
SVITZER has signed an agreement to fuel a fleet of tugs with hydrogenated vegetable oil (HVO). The towage provider on entered an EcoTow agreement with South Hook, an LNG terminal...
Vale David Shennan
DAVID Shennan – a well-known figure in the maritime industry in Victoria, Australia and the UK – died on Tuesday, 4 July of cancer, six months on from his diagnosis. He was 71. A...
Shiling released from detention, bound for Singapore
MARITIME NZ has lifted a detention order imposed on the containership Shiling. The vessel was due to sail for Singapore on Friday 7 July. Shiling’s departure follows a detention...
Spirit of Tasmania to be laid up for maintenance
SPIRIT of Tasmania II will be laid up in Hobart later this month for maintenance and repair works. The ferry will be out of action between 18 July and 7 August while routine...
ICTSI launches decarbonisation initiative
INTERNATIONAL Container Terminal Services has launched an initiative to define its decarbonisation strategy. The Climate Change Action Initiative involves developing a roadmap...
MPA and LR to collaborate on Silk Alliance green corridor
THE MARITIME and Port Authority of Singapore and Lloyd’s Register Maritime Decarbonisation Hub have agreed to work towards creating a green corridor for the so-called Silk...
Air freight data shows weak market conditions
GLOBAL air cargo data for May shows weakening market conditions. According to the International Air Transport Association, global demand, measured in cargo tonne-kilometres, fell...
OOCL revenue plummets 63% in second quarter
ORIENT Overseas International has reported a 62.6% decrease in total revenue for Orient Overseas Container Line for the second quarter of 2023. The Hong-Kong headquartered company...
Adelaide container throughput increases in May
CONTAINER cargo through Port Adelaide increased in May 2023, according to the latest statistics from Flinders Ports. Total full container throughput at Port Adelaide came to...
WA port secures new export contracts
SOUTHERN Ports has secured export deals for iron ore and spodumene out of the Port of Esperance. The port authority has entered a three-year iron-ore export contract with Western...
