Port of Melbourne reports strong October trade
CONTAINER throughput increased at Port of Melbourne last month, with upticks reported across all container trades. The port handled a total of 295,000 TEU in October 2024 – a 4.9%...
ADF picks Damen design for new LCHs
THE AUSTRALIAN Defence Force’s new fleet of Landing Craft Heavy vessels will be built to a design provided by The Netherlands’ Damen Shipyards Group. The Damen LST100 was...
CentrePort to trial energy storage system
CENTREPORT in Wellington has announced plans to pilot an onsite battery energy storage system (BESS). BESS systems use large rechargeable batteries to store energy for later use....
Cashew nutshell biofuel causing problems for ships
VESSELS in Singapore and Rotterdam have been reporting operational problems as a result of using marine fuel blended with cashew nutshell liquid biofuel, fuel testing agency...
US Coast Guard in new 'spy cranes' warning
THE UNITED STATES Coast Guard has issued new orders to the nation’s ports with regard to cyber security measures required for Chinese-manufactured ship-to-shore gantries, the...
World Container Index down 1%
THE WORLD Container Index decreased 1% to US$3413 per FEU this past week. The composite index, published by Drewry, is now 67% below the previous pandemic peak of US$10,377 in...
Baltic Exchange weekly report
THE BALTIC Dry Index decreased each day this past week, landing at 1537 on Friday 22 November. The Baltic Dry Index for the week ending Friday 22 November 2024. Source: Baltic...
Oldendorff installs rotor sails on bulker
OLDENDORFF Carriers has announced the successful installation and deployment of Norsepower rotor sails on bulk carrier Chinook Oldendorff. Through a joint agreement first...
No slackening in local rates push
DESPITE Drewry’s World Container Index beginning to slide again this week – albeit by just 1% - spot rates on the Shanghai-Melbourne leg have risen two out of three weeks this...
Bell Bay to boost forestry with new ship loader
TASPORTS is investing $15 million for a new ship loader at the Port of Bell Bay in order to enhance export capabilities and strengthen critical infrastructure to meet the needs of...
ZIM's "outstanding" Q3
ISRAEL’S ZIM Integrated Shipping Services has seen rocketing revenues and returns in the third quarter of 2024, doubled key markers for the first nine months and joined other...
New hazardous materials vessels launching in NSW
NEW South Wales’ fleet of hazardous materials vessels, now 15 years old, is being replaced with 19 new, locally made vessels. The $1.58-million fleet is part of the NSW...
WA aims to to take on leading carbon capture role
THE Western Australian state government has announced a $26 million funding boost to support two carbon capture projects. A $15 million grant will support AGIG to develop an...
NQBP upgrades port security
NORTH Queensland Bulk Ports is installing more than 50 security cameras across the ports of Mackay, Hay Point and Abbot Point following a security review earlier this year. The...
S&P confirms sea ports struggling
OPERATIONAL PERFORMANCE declined in most South East Asian ports in 3Q 2024 versus 2023 while average call size increased, according to S&P Global Market Intelligence. News of...
