Taskforce sets priorities for iron ore green corridor
AN INDUSTRY roundtable in Sydney has outlined what it considers priorities for establishing a green maritime corridor between Australia and Asia. Getting to Zero Coalition members...
Baltic Exchange weekly market report
THE BALTIC Dry Index rounded out the past week at 1323 – down 9.6% on the beginning of the week (when the BDI was 1463) and down significantly from the index’s recent peak of 1996...
OPINION: Unfair contract terms – more competition, better prices
ON 27 October 2022, the Treasury Laws Amendment (More Competition, Better Prices) Bill 2022 passed through the Senate, and now awaits Royal Assent. Among other things, the...
Drewry container index drops slightly over the week
DREWRY’S World Container Index decreased by 3% this week, to US$3050 per 40-foot container. The latest composite index figure represents a 67% drop since the same week last year...
Airline launches cargo service for NT mango haul
CATHAY Pacific Cargo has launched a seasonal air cargo service to export mangoes from the Northern Territory. The airline said it will operate one flight out of Darwin each week...
Global container numbers to decline for first time in 14 years: Drewry
THE war in Ukraine; sharp rises in global energy and food prices; and increasing rates of inflation continue to have a negative impact on the container shipping industry,...
Heavy equipment for $1.8-billion energy project arrives in Port Kembla
TWO transformers weighing more than 118 tonnes each have arrived in Port Kembla aboard general cargo ship AAL Fremantle. They are the first major pieces of electrical equipment to...
Govt places $15 million vessel order with Austal
THE AUSTRALIAN government has ordered another patrol boat from shipbuilder Austal for $15.2 million. The Guardian-class patrol boat will be built in Western Australia. Delivery is...
Big profits for Maersk again, but clouds are on the horizon
MAERSK continues its streak of big profits, with its 16th quarter in a row with year-on-year earnings increases. However, the company has signalled that earnings in its Ocean...
WiseTech acquires data-entry automation business
SOFTWARE company WiseTech Global has acquired Shipamax, a data-entry automation software business. Shipamax uses and AI and machine learning to convert unstructured data – such as...
Change in Teekay management
TEEKAY Corporation executive vice-president and chief financial officer Vince Lok is retiring after nearly 30 years with the company; he has been the company’s CFO for the past 16...
Big quarterly results at WW despite challenges
WALLENIUS Wilhelmsen has posted results for "strongest quarter on record". The shipping company’s EBITDA reached US$440 million in the third quarter of 2022, up 41% on the...
IMO carbon intensity and rating system rules now in force
AMENDMENTS to the International Convention for the Prevention of Pollution from Ships (MARPOL) entered into force on 1 November. The International Maritime Organization said...
LETTER TO THE DCN: IFAW statement on slowing down ships ignores industry effort
Shipping Australia sent the following text to DCN in response to a recently published article concerning the International Fund for Animal Welfare’s call for regulation of vessel...
Shipping line puts in order for 24,000-TEU methanol-capable ships
ORIENT Overseas Container Line has ordered seven methanol-compatible 24,000-TEU containerships. The Hong Kong-headquartered company expects delivery of these new ships to start...
