Baltic Exchange weekly report
THE BALTIC Dry Index decreased throughout the week before a small uptick on Friday. The week commenced at 761 and ended on 735. The Baltic Dry Index for the week ending Friday 31...
Video shows Russian icebreaker allision
FOOTAGE has been circulating social media of an allision between a Russian nuclear icebreaker and a freighter in the Kara Sea, north of Russia. The footage reportedly shows the...
Men jailed for cocaine bus import plot
TWO MEN have been sentenced to a combined six years’ imprisonment for their roles in a foiled plot to import 139kg of cocaine into Australia inside a shipment of luxury buses. The...
Maersk boxship breakdown is sister to Dali
A MAERSK-operated boxship is reportedly still under repair after suffering engine failure while crossing the Pacific Ocean earlier this month. Singaporean-flagged Maersk Saltoro...
Aussie produce in high demand for Lunar New Year
THE FEDERAL government has heralded Lunar New Year as an exciting opportunity for Australian food and agriculture exporters to China, with $20 billion worth of trade impediments...
Seaonics signs “record-breaking” newbuild contract
SEAONICS has announced it has signed a contract covering the delivery of gangways and cranes to a series of offshore newbuilds currently under construction. The Norwegian company,...
NYK Line to introduce CO2 removal technology
NIPPON YUSEN Kabushiki Kaisha (NYK Line) has announced it will implement carbon dioxide removal (CDR) technology as part of its plan to reduce Scope 1 greenhouse gas emissions. On...
Seafarer abandonement sees dramatic increase, says ITF
ABANDONEMENT of seafarers by shipowners saw an increase of 87% in 2024 compared to the previous year, new data from the International Transport Workers’ Federation (ITF) has...
Lines maintain Red Sea bypass
THE ONLY container line service previously linking Australia with Europe via Suez looks unlikely to return to that routing any time soon. The MSC AES/CMA CGM NEMO service began...
New president named for Birdon America
BIRDON Group, an Australian-owned boat builder with a US head office, has announced the new president of Birdon America. Tony Ardito joined the company as president on 27 January....
Freeway work to aid Westport freight efficiency
A $700 MILLION project to improve the efficiency of freight moving down the Kwinana Freeway to Western Australia’s proposed Westport container port has been announced by the state...
TasPorts joins forces to tackle oil spill
A COORDINATED response effort remains underway in Tasmania to address an oil spill at Lake Rosebery in Tasmania’s west. TasPorts is working alongside Environmental Protection...
World Container Index takes a dive
DREWRY’S World Container Index decreased 11% to US$3445 per 40-foot container this week. The composite index is now 67% below the previous pandemic peak of US$10,377 in September...
Early phase of cable investigation nears completion
THE EARLY phase of the criminal investigation into the Estlink 2 cable rupture incident is nearing completion, Finnish authorities have confirmed. Finalnd’s National Bureau of...
Positive 2024 crew happiness trend reverses in Q4
THE LATEST quarterly figures from the Seafarers Happiness Index show a break in a positive trend seen throughout 2024. A drop from 7.16 in Q3 to 6.91 in Q4 marks the first decline...
