OOCL revenue declines in last quarter
ORIENT Overseas Container Line saw total revenues decrease for the quarter ended 31 December 2023. Total revenues for the fourth quarter came to US$1.62 billion, which was a 49%...
NZ minister heads to India and Singapore for trade talks
NEW Zealand trade minister Todd McClay is travelling to India and Singapore with a goal to advance NZ’s relationships with the two countries. Mr McClay was due to depart on 18...
Baltic Exchange weekly report
THE BALTIC Dry Index fell slightly at the end of a dynamic week, but the index is still higher than it has been for most of the past year. The BDI hit 2348 on Friday (15...
NYK joins ammonia research partnership
NYK Line, JERA and chemicals company Resonac have partnered for a joint study on ammonia bunkering. Shipping company NYK and Japanese power company JERA said the companies are...
China lifts suspensions on Aussie abattoirs
CHINA has lifted suspensions on three Australian meat export establishments. China suspended exports from Teys Australia in Naracoorte, South Australia, Australian Lamb Company in...
AiP issued for 11,000 CEU car carrier design
DNV has issued an approval in principle for the design of what it claims would be the world’s largest car carrier. The 11,000 CEU pure car and truck carrier would be 234 metres...
Baltic Exchange weekly report
THE BALTIC Dry Index climbed to lofty heights early last week before a steep decline in the latter part of the week. The index hit a high of 3346 on Tuesday (4 December) before...
ECTA deal boosts Australia-India trade in 2023
THE VALUE of trade between India and Australia has increased significantly over the past year and could potentially have doubled by the end of 2023, according to the High...
PIL and DP World to collaborate to reduce emissions
PACIFIC International Lines and DP World have singed a memorandum of understanding to develop ways to decarbonise global supply chains. The companies aim to help each other to...
MPA and US ports partner on Pacific green shipping corridor
THE MARITIME and Port Authority of Singapore has partnered with two US ports to develop a strategy for a green and digital shipping corridor across the Pacific Ocean. MPA unveiled...
Röhlig Logistics expands in Malaysia
RÖHLIG Logistics recently opened a new sales office in Penang, Malaysia. The logistics company said the opening of the new office at the end of October, has expanded the company’s...
Höegh explores ammonia bunkering for Aurora fleet
HÖEGH Autoliners is looking into the supply of ammonia as a bunker fuel for the company’s upcoming Aurora Class fleet. Höegh signed a letter of intent with Japan’s Sumitomo...
Maersk to expand South East Asia supply chain infrastructure
MAERSK plans to invest more than US$500 million to expand its supply chain infrastructure to support South East Asia as a global production hub. Maersk’s planned three-year...
Baltic Exchange weekly report
THE BALTIC Dry Index skyrocketed this past week, hitting 3192 on Friday 1 December. The index has been on an upward trajectory for some weeks now up from a recent nadir of 1385 on...
QLD secures flights and cargo capacity to Shanghai
QUEENSLAND and China Eastern Airlines have locked in direct seasonal flights from Shanghai to Cairns to boost air cargo and export opportunities for the state’s far north....
