Down, down: Cosco halves quarterly profit, ONE in 92% FY crash
THE BAD news continues to ship out from container lines with the global number four reporting a weak Q1 2026 and the number six disclosing a giant drop in full-year profits. COSCO...
ICTSI lifts and lifts
INTERNATIONAL Container Terminal Services, Inc, parent of Melbourne’s Victoria International Container Terminal, has turned in a stellar first quarter with recurring net income up...
AAL adds to industry credentials
AAL SHIPPING has obtained ISO 27001 certification, the internationally recognised standard for information security management systems. The company says the new certification...
PIL on the green in two
PACIFIC International Lines (PIL) is moving to enhance its green credentials with two initiatives, one with PSA International and one with ABS (American Bureau of Shipping). PIL...
Boluda expands in Singapore
SPAIN’S Boluda Towage, now six months into ownership of the former Smit Lamnalco Australia and PNG, has continued its expansion in the eastern hemisphere with the acquisition of...
China approves more Australian beef
ANOTHER two abattoirs and six cold stores have been approved to export beef to China, the Australian Department of Agriculture, Fisheries and Forestry says. In a statement to...
China-Australia rates shoot up
FOR reasons that don’t seem readily apparent, even to carriers, freight rates between China and Australia for the current week — Week 17 — have leapt 19%. This follows gains of...
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Supply chain risks from ongoing Strait of Hormuz closure
A SENIOR researcher at the University of Wollongong has warned of one of the most significant global supply chain shocks in history from the closure of the Strait of Hormuz. Dr...
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Regulatory doubts see Pacific Basin change course
HONG Kong-listed minor-bulk specialist Pacific Basin Shipping has simplified some orders for newbuildings by abandoning dual-fuel specifications in light of uncertainty...
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Farmers get a boost from Indonesian fertiliser deal
A COMMERCIAL deal between Incitec Pivot Fertilisers and PT Pupuk Indonesia is to see a quarter of a million tonnes of additional agricultural grade urea shipped to Australia. The...
Wonky Q1 for OOCL
COSCO-owned, Hong Kong-based OOCL, usually the first of the major container lines to report quarterly results, may again prove to be an industry bellwether with revenue down but...
Fuel information plan announced, as industry groups count the cost
HELPING limit fuel supply chain pressures is the aim of a new information plan announced this week by federal infrastructure minister Catherine King. Fuel costs have spiked since...
Austal’s Vietnam ro-ro launch an important step in global expansion
WEST AUSTRALIAN-based shipbuilder Austal, says the launch of ro-ro Dory 2 for The Degate Group of French Polynesia marks an important milestone for expanding its global steel...
Swire Shipping opens in Malaysia
SWIRE Shipping has established a new branch office in Kuala Lumpur, Malaysia, in what it says underscores the company’s continued investment in Southeast Asia and its commitment...
“K” Line books bio-LNG for PCTCs
JAPAN’s Kawasaki Kisen Kaisha, Ltd. ("K" Line) has signed a long-term agreement for a supply of carbon-neutral bio-LNG fuel and it has started to use the fuel for its LNG-fuelled...
