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...
SeaLead to commence regular, direct service to South Asia
CONTAINER line SeaLead is launching a regular, direct service between the east coast of Australia and the Indian Subcontinent. The service, called ASIA, will connect Australia...
A first call for heavy lift specialist
SWIRE Projects completed its first voyage to Western Australia, delivering 88 ore cars to BHP at Port Hedland. The heavy lift division of Swire Shipping used its 19,000 DWT tonne...
Wellard reports first-half loss
LIVE export company Wellard reported a loss of US$5 million in the first half of the 2023 financial year. The company said Australian cattle export volumes were at the lowest...
OOCL introduces first mega vessel into fleet
OOCL has introduced the first of six new 24,188 TEU “mega vessels” into its fleet. The Hong Kong-based shipping line said the OOCL Spain is the first of its vessels to exceed the...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued its decline last week, hitting a nadir of 530 on Thursday (16 February) before inching up to 538 on Friday – 11% down on a week prior. The Baltic...
MOL to merge ferry and coastal ro-ro businesses
MITSUI O.S.K. Lines is merging two group businesses to create what it claims will be the largest ferry and coastal ro-ro company in Japan. MOL Ferry and Ferry Sunflower, the...
New cargo airline service to boost Queensland exports
MAJOR cargo carrier Korean Air will start flying to Brisbane five times a week from April this year. Brisbane Airport Corporation said the South Korean airline is one of the...
