Digital freight forwarder Explorate raises $7.5m
BRISBANE-based digital freight forwarder, Explorate, has secured $7.5 million in funding, with the capital fuelling growth and strategic partnerships to firmly establish its...
Toll Group opens office in the Philippines
THE Manila-based office enables Toll Group to effectively support local businesses in their supply chain needs, as well as having greater autonomy and control over operations and...
Singapore Straits piracy incidents at a 30-year high
PIRACY attacks have increased in the Singapore Straits over the past year; the Piracy Reporting Centre has recorded the highest number of incidents in the past three decades. The...
Port operator handles record container numbers in 2021
WITH a definitive increase on the previous year, Singapore’s port operator PSA has recorded container throughput of 91.5 million TEU at its 50 locations globally from...
Road transport and imports up for Wiseway in Q2
AUSTRALIAN-listed logistics provider, Wiseway Group, announced its trading update for the three months up to 31 December 2021 (Q2 FY22). Highlights included revenue growth of 19%...
Biofuel trial voyage from Australia carrying malting barley
A TRIAL voyage using biofuel for grain industry co-operative CBH Group, is being performed on the Edwine Oldendorff from Australia to Vietnam. The vessel loaded 30,000 tonnes of...
The week in bulk: Capesize, Panamax markets drop, BDI falls apace
THE Baltic Dry Index saw a significant dip over the past week, falling to its lowest since March 2021. On Friday (14 January) the index was 1764, a decrease of 22% on the previous...
Singapore still number one maritime city: report
SINGAPORE has retained the number one spot in the Leading Maritime Cities report conducted by classification society DNV and Menon. The 2022 edition of the report was launched...
Sailors’ Society launches emergency fund for seafarers
SAILORS’ Society has launched a new welfare fund to provide emergency support to seafarers and their families during crises. The Sea Change Fund was set up in response to the...
Men charged with alleged plot to import meth into WA
A JOINT release from the Australian Federal Police and Australian Border Force has revealed that three men have been charged over an alleged plot to import almost $100 million...
Liquefied hydrogen carrier starts maiden voyage to Australia
THE first liquified hydrogen carrier sailed from Kobe, Japan on 24 December, bound for Hastings, Victoria to pick up its first cargo. According to reporting from Reuters, the...
ACCI welcomes Aus-India trade deal negotiations
THE Australian Chamber of Commerce and Industry has welcomed the Australian government's move to fast-track negotiations on a free-trade deal with India. “Given businesses have...
Eneos to boost QLD hydrogen production
JAPANESE oil company Eneos is to increase its production and export of green hydrogen from Queensland. From next year the company said it would produce up to 20 kilograms of green...
Free-trade colossus – RCEP to create a new centre of gravity: UNCTAD
A NEW Asia-Pacific free trade agreement set to enter into force on 1 January 2022 will create the world’s largest trading bloc by economic size, according to an UNCTAD study...
Yang Ming takes delivery of YM Together
YANG Ming this week took delivery of the new 11,000-TEUI YM Together. The vessel is chartered from Shoei Kisen Kaisha and it was built by Imbari Shipbuilding Company. The ship...
