Drewry posts WCI decrease
DREWRY’S World Container Index (WCI) decreased by 5% to US$3493 per 40-foot container this week. It had increased by 88% when compared with the same week last year. The latest WCI...
Baltic Exchange weekly report
THE BALTIC Dry Index continued on a sharp upward trajectory this past week, beginning the week on 1871 and hitting 2203 on Friday 1 March. The Baltic Dry Index for the week ending...
Port of Melbourne trade volumes increase
THE PORT of Melbourne has released its trade update for January. Total container throughput at the port in January was 269,044 TEU which was up 4% on last year’s total. Full...
Cairns gets new marine operations base
CAIRNS will be the location of Queensland’s first marine operations base. Queensland Water Police, the Australian Volunteer Coast Guard Association QF9 Cairns, and the soon to be...
Incat Crowther to design second-generation ferry
AUSTRALIAN marine engineering company Incat Crowther has been tasked with designing a new second-generation passenger ferry for a company in Singapore. Majestic Fast Ferry...
Plans to increase recycling at ports
THE AUSTRALIAN Maritime Safety Authority is teaming up with the Department of Agriculture and the Department for Climate Change to look into a trial to increase the chances of...
Tassie govt pledges support for Incat expansion
TASMANIAN premier Jeremy Rockliff has told Incat he would inject $5.25 million into the company’s expansion plans if he’s re-elected at next month’s state election. Incat builds...
Port of Mackay sees rise in trade
MORE than two million tonnes of trade have passed through the Port of Mackay in the past seven months, surpassing throughput in the same period from the previous financial year....
Penfield Marine becomes Maersk Tankers
US-BASED pool operator Penfield Marine has rebranded as Maersk Tankers. Maersk Tankers acquired the company in January this year. The rebranding is part of an ongoing integration...
Man jailed over air-freight cocaine import
A MAN has been sentenced to six years' imprisonment over his role in a plan to smuggle 18 kilograms of cocaine into Australia in air cargo. Authorities intercepted the drugs when...
120-year-old shipwreck mystery solved
THE WRECK of SS Nemesis has been discovered in waters off Port Kembla 120 years after it sank. And now the NSW government wants to connect with relatives of the 32 crew members...
Varroa mite found at Port of Brisbane
A VARROA mite has been found at the Port of Brisbane after an inspection by Biosecurity Queensland. But testing confirmed the mite was varroa jacobsoni and not varroa destructor....
Silk revenue increases in first half of FY24
SILK Logistics has reported revenue of $276.5 million for the first half of the financial year, representing a 9% increase on the prior corresponding period (PCP). It was...
Big players sign on for clean hydrogen
FIVE companies have signed development agreements to use South Australia’s Port Bonython Hydrogen Hub near Whyalla. It is the state’s first clean hydrogen production precinct and...
370kg of drugs seized from Sydney storage facility
POLICE are calling on the public to help identify the criminal syndicate behind 300 kilograms of MDMA and 70 kilograms of ketamine seized from a Sydney storage facility. The drugs...
