PSA International’s 2022 volumes decline, revenues increase
PSA International, the Singapore-based port operator, posted a decrease in volumes over 2022, but increases in revenue and profits. The company’s flagship operations are in...
MSC and Global Centre for Maritime Decarbonisation enter five-year partnership
MSC has agreed to contribute to the Global Centre for Maritime Decarbonisation's resources and projects under a five-year partnership. The Impact Partnership agreement aims to...
Baltic Exchange weekly market report
THE BALTIC Dry Index ended the week on 1535, up 8% from 1424 posted on the previous Friday. The BDI this week saw a turnaround from its sharp incline over the past month. Baltic...
Aussie avo exporters can access India
MINISTER for agriculture, fisheries and forestry Murray Watt said Australia and India had agreed on two-way agricultural trade that will provide new market access for Australian...
China ends unofficial ban on Aussie coal
CHINA has completely lifted its unofficial ban on the import of Australian coal, according to global media reports. Customs offices and ports have been instructed to allow cargoes...
MOL offsets emissions from Australia-Japan voyage
MITSUI O.S.K. Lines said it has offset emissions from an iron ore carrier’s voyage from Australia to Japan. Japan-flagged bulk carrier Shinzan Maru, operated by MOL, is engaged in...
New NYK coal carrier aims for carbon neutral
A NEW coal carrier in NYK Line’s fleet will offset carbon emissions on its contracted voyage with an electricity company. The new ship, Kagura, is to operate under a long-term...
Swire announces new East Timor Service
SWIRE Shipping is launching a new shipping service connecting Darwin with Timor-Leste, Singapore and Indonesia. The East Timor Service (ETS) will call ports of Singapore, Dili,...
Baltic Exchange weekly market report
THE BALTIC Dry Index has continued on its steep upward trajectory that started at its nadir in mid-February. On Friday, the BDI was 1424, an increase of 17.6% on the week before...
Shipping line signs decarbonisation agreement with miner
KAWASAKI Kisen Kaisha (K Line) has signed a memorandum of understanding with miner Anglo American to establish a working committee for collaborative research on decarbonisation. K...
Australia-India trade to be worth $45bn after agreement
BILATERAL trade between India and Australia will increase to $45 billion per year after the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA), but there ambitions...
MOL inks deal on study of clean fuel value chain
MITSUI O.S.K. Lines has signed a memorandum of understanding on building a “clean hydrogen and ammonia value chain” with the Electricity Generation Authority of Thailand,...
Commercial hydrogen exports from Vic a step closer to reality
AN AUSTRALIAN joint venture between Japanese organisations J-Power and Sumitomo Corporation (JPSC JV) has been selected as the preferred hydrogen provider to Japan Suiso Energy...
NYK completes biofuel pilot project
JAPANESE LPG importer Astomos Energy Corporation and Japanese shipping line NYK have completed a biofuel pilot project. The project was carried out on LPG carrier Lycaste Peace...
Baltic Exchange weekly market report
THE BALTIC Dry Index saw a sharp uptick over the past week, hitting 1211 on Friday, up from 883 a week before. Friday’s BDI was the highest point since early January, and 128% up...
