FMC determines recent high freight rates are product of market forces
THE US Federal Maritime Commission has determined that high ocean freight rates since the pandemic started are the product of supply and demand market forces. In its Final report...
10 magenta mega-ships ordered
OCEAN Network Express has signed shipbuilding contracts with both Hyundai Heavy Industries and Nihon Shipyard to build five vessels each, adding a total of 10 modern very large...
Catherine King becomes the new minister for infrastructure and transport
PRIME Minister Anthony Albanese yesterday (31 May) announced the members of his government’s full ministry, and they were sworn in today. When announcing the new ministry, Mr...
First passenger cruise in over two years departs Sydney
PACIFIC Explorer departed Sydney on Tuesday on a cruise – the first cruise to depart from the east coast in more than two years. The vessel is headed for Brisbane on a four-night...
Australasian freight tech company expands in SE Asia
TRADEWINDOW, a New Zealand-based freight technology company, has expanded its reach in South East Asia with a sales-agency agreement with InterCommerce Network Services....
Svitzer aims at carbon-neutrality by 2040
SVITZER aims to become carbon neutral by 2040, according to its recently revealed decarbonisation strategy. Under the strategy the global towage operator will decarbonise in two...
Maersk pulls plug on two Oceania services
MAERSK announced on Wednesday that it would terminate two services in Oceania: the Polaris and the Sirius Star. The company cited continued schedule disruption and terminal...
Wild weather hampers freight operations at Botany
WILD weather in eastern New South Wales is affecting the flow of cargo through the state’s ports. The weather has affected all three container terminals at Port Botany, albeit to...
2022 ICHCA Logistics Long Lunch a success
LAST Friday the logistics industry in Brisbane came together to hold the second ICHCA Logistics Long Lunch. After the success of the initial Long Lunch in 2021, the second event...
Project44 launches “formal expansion” into Australia and NZ
PROJECT44 is moving into the Australasian market. In a statement released on Monday, the company announced its “formal expansion into Australia and New Zealand”. In February, the...
Merchant Navy Memorial Service in Newcastle this Saturday
MISSION to Seafarers Newcastle will host this year’s annual Newcastle Merchant Navy Memorial Service in memory of the seafarers who died during times of war. This year, the...
2022 Shipping Industry Golf Day set for October
AFTER an 18-month break, the Shipping Industry Golf Challenge will return to its traditional October date in 2022 – but with an exciting new golf course and venue – Long Reef Golf...
Port of Mackay throughput passes three million tonnes
PORT of Mackay is heading for a record-equalling year of trade, having passed three million tonnes of throughput. According to Queensland premier Annastacia Palaszczuk, the port’s...
TradeWindow reports revenue, income increases but no profit in FY22
NEW Zealand-based supply-chain software company TradeWindow reported increases in income and revenue, but also an increase in loss over the past financial year, which runs from 1...
Australian ports show little improvement in this year’s Container Port Performance Index
AUSTRALIAN ports improved little in the second edition of the global Container Port Performance Index (CPPI), compared with last year’s edition. The World Bank and S&P Global...
