Lumsden Point hits construction milestone
LUMSDEN Point construction has achieved a construction milestone with the completion of the first stage of the facility’s seawalls. Construction on the second stage of the...
World Container Index declines
THE DREWRY World Container Index decreased by 2% to US$1469 per 40-foot container this past week and has dropped by 43% when compared with the same week last year. The latest WCI...
The DCN Weekly: Episode 74
IN THE news this past week, container terminal operator DP World was hit by a cyberattack. https://open.spotify.com/episode/3ZaT9gvajeDMRRAyDaFJJp?si=139e773098154b62 The company...
Beveridge terminal survives infrastructure pipeline overhaul
THE BEVERIDGE Intermodal Terminal has withstood the infrastructure pipeline overhaul that cancelled 50 other infrastructure projects. National Intermodal, the company leading the...
Baltic Exchange weekly report
THE BALTIC Dry Index increased steadily over the past week, reaching 1820 on Friday (17 November). This was a 10.8% increase on the previous Friday’s index, and the highest point...
SA Police find drugs on ship at Port Pirie
SOUTH Australia Police is investigating a significant amount of cocaine found on board a ship docked at Port Pirie. On Monday, 13 November 2023 crew from the ship contacted Port...
Fifty projects cut from infrastructure pipeline
THE FEDERAL government has cut 50 projects from the national infrastructure pipeline. Federal minister for infrastructure Catherine King on Thursday announced the government would...
SAL calls on minister to intervene in DP World industrial dispute
SHIPPING Australia has called on minister for employment and workplace relations Tony Burke to issue a ministerial declaration to stop the Maritime Union of Australia’s protected...
Minister says NSW has a unique opportunity to take action on freight
NEW South Wales minister for transport Jo Haylen said there is an opportunity for the state government to reform freight policy in the state. Speaking at Wednesday’s DCN...
Federal government reviewing freight strategies: minister
MINISTER for infrastructure and transport Catherine King said the government is “undertaking a look at the freight and supply [chain] strategy”. The minister was speaking at the...
Volumes up while profit drops at Kimberley Ports
KIMBERLEY Ports Authority has reported a profit of $203,000 for the 2023 financial year, a 92% decrease from $2.6 million in 2022. The port authority had predicted a loss of $2.7...
Silk Logistics reports revenue, profit growth in FY23
LANDSIDE logistics provider Silk Logistics reported robust increases in financial metrics for the 2022-23 financial year. The company reported revenues of $488.6 million, an...
Silk terminates Kemps Creek lease agreement
SILK Logistics is terminating its agreement for lease of a site in Kemps Creek NSW, where it intended to build new company warehouses. The ASX-listed company announced in November...
Austrans and PacNat ink 10-year rail freight deal
LOGISTICS company Austrans and rail freight operator Pacific National have signed a 10-year rail freight contract. A statement from Pacific National about the deal said the deal...
Wiseway calls off airline acquisition
ASX-LISTED freight and logistics operator Wiseway has announced it will not proceed with plans to acquire Southeast Asian Airlines (SEAIR). Instead, it is “redirecting its focus”...
