BP to curb renewables, focus on oil and gas
BP WILL cut back its investment in renewables and will focus on oil and gas in a bid to reduce costs and grow cash flow. The move is a significant one for oil and gas exploration...
Samsung considering Perth robot company for shipbuilding
PERTH robotic company FBR is negotiating with Samsung Heavy Industries for a joint development to apply its technology in the shipbuilding industry. In an announcement to the...
Melbourne container trade sees December uptick
PORT of Melbourne has reported a 10% increase in total container throughput for December 2024, compared with the same month in 2023. The port handled a total of 287,000 TEU in...
Lindsay to tackle WA rural market through acquisition
ROAD transport company Lindsay Australia has bought Western Australia’s G.J. Freight, giving it a springboard into the South West horticultural market. In a notice to the...
No chianti, but Qube makes fava bean breakthrough
SAY ‘FAVA beans’ and the movie Silence of the Lambs immediately springs to mind with Sir Anthony Hopkins quote as Hannibal Lecter, "I ate his liver with some fava beans and a nice...
Multi-national offshore merger agreed
TWO REGULAR participants in Australia’s offshore energy sector have announced an in-principal agreement to merge. Italy’s Saipem and Norway’s Subsea 7, with the backing of...
Austal reports record order book
SHIPBUILDER Austal is reporting a record order book of $14.2 billion. In a company announcement on 20 February it said orders at 31 December 2024 included contract options but...
Further refinement for data exchange
THE DIGITAL Container Shipping Association has announced the release of the final versions of its Booking 2.0 and Bill of Lading 3.0 standards. DCSA, which describes itself as a...
January trade uptick at Pilbara Ports
PILBARA Ports Authority has reported a total monthly throughput of 60.5 million tonnes for January 2025. This was a 4% increase compared with January 2024. The Port of Port...
Predicted rate avalanche gathering momentum
THE SHARP downturn in Asia-Australia rates, more dramatic from North & East Asia than from South East Asia, has prompted more leading lines to hit the ‘restoration’ button, mostly...
Countdown is on for launch of Tassie-built electric ship
INCAT Tasmania has commenced the countdown to the launch of its electric ferry Hull 096. The 130-metre-long catamaran is due to launch in 70 days, on 2 May, as the largest...
Baltic Exchange weekly report
THE BALTIC Dry Index increased each day this past week to 981 on Friday 21 February The Baltic Dry Index for the week ending Friday 21 February 2025. Source: Baltic Exchange...
Aussie luminaries place among top 100 women in shipping
AUSTRALIA is well represented among the 100 Top Women in Shipping for 2024 with Josephine Clark, Alison Cusack and Sue Dight all making the list. The 100 Top Women in Shipping, an...
QLD on trade mission to India and Singapore
THE QUEENSLAND government is leading a trade mission to Singapore and India with a goal to strengthen bilateral ties with the two nations. Minister for trade Ros Bates is in India...
NZ energy crisis a blow to Taranaki trade
PORT Taranaki’s total trade for the six months to 31 December plunged 28% compared with the same period last financial year. The North Island port handled 1.48 million tonnes of...
