NYK launches antioxidant for marine biodiesel
NIPPON Yusen Kaisha (NYK Line) has announced it will launch a product that reduces the oxidation degradation of marine biodiesel (biofuel) by around 50%. Nippon Yuka Kogya, an NYK...
Macadamia exporters seek a passage to India
MACADAMIA exporters are shaping as a key winner from the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA). Under the agreement that took effect in late 2022,...
PIL quadrupled profit in 2024
SINGAPORE’s Pacific International Lines enjoyed a massive rebound in FY 2024, according to results revealed late last week. The company achieved a net profit after tax of USD...
Blockbuster Q1 for HMM
SOUTH Korea’s HMM saw total revenue in Q1 2025 grow by 23% to KRW 2,855 billion (USD 2,051 billion) from KRW 2,330 billion in Q1 2024. At the same time net profit improved to 52%...
Mixed quarter for Taiwanese carriers
TAIWAN’s Evergreen and Yang Ming, respectively the world’s seventh and tenth largest container carriers, sailed different courses during the first quarter of 2025, according to...
Spectacular float over for giant FPU
A SPECTACULAR engineering milestone for the Scarborough Energy Project has been reached with the joining together of the topsides and hull for the Floating Production Unit (FPU)....
Swire announces ban on donkey skin shipping
SINGAPORE liner company Swire Shipping has announced a ban on the carriage of donkey skins, a policy said to be based on ethical and environmental grounds. The policy was...
DP World opens first Singapore warehouse
DP WORLD has announced the opening of its first ever logistics asset in Singapore, bringing its total warehousing capacity in the Asia Pacifici region to over 800,000 square...
Queensland announces China trade and investment strategy
STRONG complementarities between China and Queensland are key to growing trade links, a new report says. Trade and Investment Queensland, the trade arm of the state government,...
Apple growers, meat producers to benefit from greater China access
EXPORTS of apples and meat are tipped to increase after China granted greater market access to Australian producers. This follows the signing of a new biosecurity protocol between...
Blank sailings as lines try to hold rate shrinkage
AN INCREASING number of blank sailings are creeping into China-Australia schedules – if that’s not a contradiction in terms – as carriers attempt to keep a floor under rates as...
2024 financial year a strong one for Ocean Network Express
JAPAN’s Ocean Network Express has completed its 2024 financial year (April 2024- March 2025) in fine form but as with many contemporaries is very cautious about the year ahead....
MOL reports revenue growth as longer transit routes bolster rates
CONFLICT in the Middle East forcing ships to avoid the Red Sea was a key market influence in the containership and car carrier sectors during 2025, Mitsui O.S.K Lines has...
BYD marks delivery of car carrier BYD Shenzhen
ELECTRIC vehicle manufacturer BYD has taken delivery of the world’s largest capacity car carrier from shipbuilder China Merchants. BYD Shenzhen was named in a ceremony on 22 April...
Even more trade distortions to follow USTR dial-back
ALMOST A WEEK after the US Trade Representative office released the latest version of its 28 February China-targeted port and ship penalties, the proposed changes remain heavy...
