Baltic Exchange Weekly Report - 22 October 2021
Capesize The Capesize market was under pressure across all routes most of time last week. The 5TC and BCI showed a minimal sign of improvement mid-week but closed on a much weaker...
NSW Auditor General’s report critical of Sydney freight rail capacity management
THE New South Wales Auditor General found the state’s transport agencies do not have strategies or targets to improve the efficiency or capacity of the metropolitan shared rail...
VTA advocates for COVID compliance cost recovery
VICTORIAN Transport Association CEO Peter Anderson has written to transport operators encouraging them to consider ways to recover the massive cost of compliance that COVID...
Zim buys seven second-hand vessels in October
CONTAINER shipping line Zim has purchased seven second-hand vessels in October. The vessels, built between 2007 and 2009, include five 4250-TEU vessels and two 1100-TEU vessels....
RCEP implementation legislation passes
ON Thursday, implementing legislation for the Regional Comprehensive Economic Partnership Agreement was passed. The RCEP is a comprehensive free-trade agreement between Australia...
DP World launches digital logistics system
DP World is making a move into digital logistics, with the launch of Cargoes Logistics, a digital logistics system that it said provides instant online cargo booking and tracking...
Almost 300 kilos of drugs smuggled in excavator through Botany
AUTHORITIES uncovered 295 kilograms of methamphetamine hidden inside an excavator imported through Port Botany, sparking an investigation led by the Australian Federal Police....
Phenomenal profits to continue for shipping lines in 2022
MARITIME research and consulting firm Drewry has released highlights from its 3Q21 Container Forecaster, including its container shipping demand and supply/demand outlooks, annual...
Dalian Maritime University teams up with major port for academic exchange
THE Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding with the Dalian Maritime University to co-operate in talent and academic information...
ABF cancels major Sydney cargo depot’s licence
THE Australian Border Force has cancelled PCA Express’ licence, ceasing the company’s ability to handle air and sea cargo under customs control. The cancellation comes after...
Strong performance for logistics operator
SWISS global transport and logistics company Kuehne+Nagel has shown growth in all its business units during the third quarter of 2021, in some cases significantly. At CHF (Swiss...
Full container throughput at Adelaide at multi-year low in September
CONTAINER throughput at Port Adelaide was at a nadir in September, according to the latest available trade statistics from Flinders Ports. Port Adelaide’s full container...
Research reveals new insights about supply chain labour shortages
AGAINST a backdrop of a massive transformation in global supply chains, the Centre for Supply Chain and Logistics at Deakin University and its Wayfinder program, recently...
One response to container rate volatility
WHILE recent reports suggest that shipping container rates are beginning to show signs of easing, CEO of freight forwarding company Verus Global and founder of Fickle Technologies...
AAD to deploy three ships for Antarctic shipping season
THE Australian Antarctic Program is planning to use three ships to support research and resupply activities this summer. Australia’s newly arrived Antarctic icebreaker, RSV...
