China-Australia rates finally fall
FREIGHT RATES between China and Australia are on their way to halving in a matter of a few weeks, with the Shanghai Containerised Freight Index diving alarmingly since a...
Baltic Exchange weekly report
THE BALTIC Dry Index dipped during the week before climbing to 792 on Friday 14 February. The Baltic Dry Index for the week ending Friday 14 February 2025. Source: Baltic Exchange...
World Container Index tumbles again
DREWRY’S World Container Index decreased 5% to US$3095 per 40-foot container this week. The index is now 70% below the previous pandemic peak of US$10,377 in September 2021....
Team Global Express inks deal with China's largest courier
TEAM Global Express has partnered with China’s largest courier, SF Express, to combine networks and increase bilateral trade. Under a deal announced on 13 February, TGE will...
SA exports maintain near-record highs
SOUTH Australia’s merchandise exports have topped $17 billion for the second calendar year running. The latest ABS full-year export data for 2024 marked an increase of more than...
Digital seafarer certification project in the works
THE INTERNATIONAL Chamber of Shipping has signed onto a project to digitalise seafarer certification processes. ICS will work with the Lloyd’s Register OneOcean platform and the...
Austal secures $270m contract for hydrogen-ready ferry
A SWEDISH ferry operator has tasked Austal with building a hydrogen-ready ferry under a contract valued at some $270 million. Austal Australasia is to design and construct the...
76-tonne tobacco haul seized from "suspicious" ship off Aus coast
A BULKER behaving “suspiciously” off the Australian coast has been serving as a storage platform for illegal cigarettes, authorities revealed today (12 February). The...
HMM humming along
IN WHAT IT modestly describes as “a solid financial performance in 2024” South Korea’s HMM has reported an operating margin of 30% for the year. Operating profit increased 501% -...
Another man charged over half-tonne drug shipment
POLICE have charged a Malaysian man over a plot to import more than half a tonne of drugs through the port of Melbourne last year. The man, 35, was arrested in Coffs Harbour on...
NZ port to deploy private 5G network
CENTREPORT Wellington has announced plans to roll out New Zealand’s first commercial private 5G network later this year. Tū Ātea, a Māori-run spectrum and telecommunications...
Mice payout nice for Zespri
A RODENT infestation has had a happy ending for NZ kiwifruit exporter Zespri, though not for the mice. In April 2024 Zespri was forced to delay the start of its European sales...
Cathay Cargo adopts IATA data protocol
CATHAY Cargo has announced it has become the first carrier to adopt the International Air Transport Association’s (IATA) ONE Record data protocol in some of its day-to-day...
NYK signs “world first” ammonia time charter
AMMONIA distributor Yara Clean Ammonia Switzerland has signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fueled medium gas carrier (AFMGC)....
CSIRO calls for ocean investigators
THE CSIRO has opened applications for supplementary positions aboard voyages of the research vessel Investigator in 2026-27. Supplementary Applications are invited for fully...
