Q2 a big ONE as profits soar
OCEAN Network Express (ONE) has had an outstanding second quarter of its 2026 financial year (April–March) with a huge profit rise boosting its first-half figures and leading to a...
Wallenius Wilhelmsen shapes up for more
FOLLOWING its successful USD 300 million private capital raising earlier this month, Wallenius Wilhelmsen has confirmed orders for four more of its 9,900 CEU Shaper class PCTCs...
Japanese PCTC owners get on the gas
WHILE the focus on ammonia as a replacement marine fuel has been on bulk trades in Australia, specifically from the Pilbara, seven Japanese companies have established a joint...
ACCC reviews Japanese majors merger
THE ACCC has launched a brief assessment of the NYK Group’s plan to acquire sole control of compatriot NS United Kaiun Kaisha, a proposed deal announced in early August. NS United...
Shanghai and Melbourne push green shipping corridor
AN IMPLEMENTATION plan for a Green Shipping Corridor has been announced by the ports of Shanghai and Melbourne, backed by non-government organisation C40 Cities. The move is part...
Market recovery helps Pacific Basin’s Q3
PROMINENT Oceania dry bulk operator Pacific Basin Shipping has reported solid performance in an improving market in the third quarter of 2026 amidst high freight rates and...
Rates wallow in trough of uncertainty
IT’S BEEN an interesting week in the Asia-Australia trades, in the proverbial Chinese sense of ‘we live in interesting times’. The Week 41 SCFI for Shanghai-Sydney (mean spot...
DP World appoints new head for Asia Pacific
DP WORLD has announced the appointment of Jason Varsamidis as chief executive officer and managing director of its Asia Pacific region, effective immediately. Mr Varsamidis will...
Services return to Suez, security concerns remain, report says
MORE shipping lines are resuming service through the Suez Canal instead of diverting ships all the way around Africa’s Cape of Good Hope, US logistics company C H Robinson...
OOCL unloads huge third quarter
ORIENT Overseas International Limited, parent of OOCL, has revealed a healthy third quarter 2026 result, easily eclipsing the equivalent quarter last year, and for the first three...
Maersk is launching a No Shipping Instruction, No Load policy
A PAUSE in rates fluctuations in Asia-Australia trades suggests some kind of equilibrium has been reached between supply and demand. The SCFI mean for spot rates from Shanghai to...
India emerges as key Aussie cotton market, shippers say
INDIA emerged as Australia’s largest cotton export destination during the month of August, a new report shows. According to the latest market report from the Australian Cotton...
People are the power base of the shipping business
AS THE world’s largest maritime market, Asia offers an extraordinary range of maritime capabilities and specialities. It is home to the world’s leading shipbuilding nations, some...
Is the rates horse back in the stable?
FREIGHT rates from Asia to Australia have taken a pause this week, but only fools and horses would believe the stable door has been re-bolted. The Shanghai Containerized Freight...
Evergreen ship forced back to Asia
IN A BLOW to peak-season shipments the 7024 TEU Evergreen Marine containership Ever Smart is returning to Asia after making it all the way to waters off Queensland on its...
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