Baltic Exchange weekly market report
THE BALTIC Dry Index fell further this past week. It started at 1325 on Monday (14 November) and ended the week at 1189 on Friday (18 November). The Baltic Dry Index for the week...
World Container Index continues to plummet
DREWRY’S composite World Container Index decreased by 7% this to US$2591.41 per 40-foot container. This was the 38th consecutive weekly decrease. The index has dropped by 72% when...
Three jailed for one-tonne meth transfer at sea
THREE men who helped transfer nearly one tonne of meth in the middle of the ocean have been sentenced to jail. The Australian Border Force said the men transported 992 kilograms...
Zim posts record results for first nine months of 2022
ZIM has posted a record net income for the first nine months of 2022, but TEU volumes decreased in the same period. The company reported a net income of US$4.2 billion for the...
Svitzer lockout will not proceed
SVITZER’S lockout of its maritime employees will not go ahead tomorrow, the Fair Work Commission advised this evening (17 November). The hearing remains underway and the...
Port posts FY revenue increase, profit decrease
NEW Zealand’s Napier Port reported an increase in revenue for the 12 months through September 2022, while its throughput decreased from a record set the previous year. The...
Stevedores, port operators, Svitzer and unions weigh in on lockout in FWC submissions
IN written submissions to the Fair Work Commission, several parties involved detailed the devastating impact the lockout would have on Australian shipping, port operations and the...
Sydney Bethel Union celebrates 200 years
FRIENDS and supporters of the Sydney Bethel Union gathered on Wednesday night (16 November) to celebrate the maritime charity’s 200th anniversary. SBU traces its history back to...
Re-opening set for freight corridor as containers cleared from derailment site
A RAIL corridor closed by a derailed freight train is expected to re-open next week The Melbourne-Adelaide rail corridor has been closed since Monday (14 November), when a...
Unions withdraw Svitzer industrial action notices
THE INDUSTRIAL dispute between Svitzer and the maritime unions took another turn late yesterday with the unions withdrawing all notices of protected industrial action. However,...
Governments urged to do more for shipping's role in energy transition
A REPORT suggests deficiencies in international government projects and policies are holding back investment in the shipping infrastructure needed to support the global energy...
IMO adopts new code for ships carrying workers offshore
THE INTERNATIONAL Maritime Organization’s Maritime Safety Committee has adopted a mandatory code for ships carrying industrial workers to offshore facilities. The IMO Maritime...
AMSA co-ordinates medevac off South Australia
THE AUSTRALIAN Maritime Safety Authority has co-ordinated a medical evacuation from a ship off South Australia. Containership Sydney Express was near Kangaroo Island on Tuesday...
Boat festival returns to Port of Hobart
TASPORTS is gearing up for the 2023 Australian Wooden Boat Festival in Port of Hobart. The event is the largest celebration of wooden boats and maritime culture in the Southern...
A discussion on the relationship between Navy and civil maritime
By Kendall Carter CAPTAIN Ashley Papp CSC RAN FNI gave a presentation to a combined meeting of the Nautical Institute, the Company of Master Mariners of Australia and the...
