Maersk revises 2022 guidance upwards as container volumes fall
A.P. Møller - Mærsk has revised its full-year 2022 guidance up; the company now expects its full-year underlying EBITDA to be around US$30 billion (previously around US$24...
Toll to pay $8.6 million for allegedly violating US sanctions
TOLL has agreed to pay to pay US$6.1 million ($8.6 million) to settle its potential civil liability for 2958 apparent violations of sanction programs administered by the US Office...
Kuehne+Nagel reports big 1Q 2022
KUEHNE + Nagel’s results for the fist quarter of 2022 was marked by big increases in turnover, earnings and profit. The company’s net turnover increased by 68% to CHF 10.2 billion...
OPINION: Eliminating the risk of container-stack collapses – solutions and unseaworthiness
By Captain Glenn Mathias, Australian Maritime Consultancy THE WORLD Shipping Council (WSC) claim that its member companies operate about three quarters of the world’s global...
Biofouling taskforce meets for second time
THE GLOBAL Project Task Force of the IMO’s GloFouling Partnerships project, a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme...
Sunken TasPorts tugs prepared for removal from Devonport
SUNKEN TasPorts tugs York Cove and Campbell Cove are being prepared to be lifted from the Mersey River in Port of Devonport. United Salvage has been working to remove the...
CTAA slams Hutchison levy hikes
HUTCHINSON Ports Australia’s announcement of an increase to its infrastructure levy last week has been received with concern by the Container Transport Alliance Australia. Under...
Port worker dies in Lyttelton incident
A PORT worker was killed on Monday (25 April) at Lyttelton Port of Christchurch. LPC acting CEO Kirstie Gardener confirmed that the incident occurred onboard the bulker ETG...
Japanese bank invests in seafarers' eMoney platform
JAPAN’S largest bank MUFG has invested in MarCoPay Inc, an electronic money platform designed for seafarers and operated by NYK Line. The investment partnership, announced this...
NYK receives methanol-fuelled chemical tanker
NIPPON Yusen Kaisha (NYK) Line has welcomed a third vessel into its growing fleet of methanol-fuelled chemical tankers. Built at Hyundai Mipo Dockyard in South Korea, Grouse Sun...
New import conditions announced to combat khapra beetle
THE DEPARTMENT of Agriculture, Water and the Environment has announced new import conditions to help keep the invasive khapra beetle out of Australia. Head of the Biosecurity &...
The week in bulk: Upward turns in the global bulk markets
LAST week, the Baltic Dry Index reversed a shallow downward trend and lifted slightly. The BDI on Friday 22 April was 2307, up 8% from the previous Thursday (14 April), when the...
Drewry container index decreases over the week
DREWRY’S World Container Index deceased by 0.9% this past week, but it remained 60.3% higher than it was one year ago. Source: World Container Index, Drewry Supply Chain Advisors...
Ports Australia conference to explore risk and resilience
THE PORTS Australia Biennial Conference is back on the agenda after a COVID-19 hiatus. It is to be held in Brisbane over 30 August through 1 September. The conference will focus...
Hutchison announces infrastructure levy hikes
HUTCHISON Ports Australia announced on Friday increases to its infrastructure levy for full containers handled at its Sydney and Brisbane terminals. The container stevedore will...
