MOL acquires majority shares in Gearbulk
MITSUI O.S.K. Lines has today (21 January) announced it has acquired 72% of the shares of the Switzerland-headquartered Gearbulk Holding AG. Gearbulk is the world's leading player...
Baltic Exchange weekly report
THE BALTIC Dry Index decreased this past week, landing at 987 on Friday 17 January. The Baltic Dry Index for the week ending Friday 17 January 2025. Source: Baltic Exchange...
BICT cruises past 2 million passenger movements
THE BRISBANE International Cruise Terminal (BICT) has reached a milestone of two million passenger movements since it opened in June 2022. The two millionth passenger movement was...
Charges laid over 600kg drug import plot
POLICE have charged three men over a 621-kilogram shipment of drugs that arrived at the port of Melbourne last year. The Australian Federal Police and Australian Border Force...
Rehab mine provides first magnetite shipment
A REHABILIATED mine site in the Northern Territory, expected to produce 1.2 million wet tonnes of magnetite concentrate annually, has shipped its first despatch to Asia. The...
World Container Index drops 3%
DREWRY’S World Container Index decreased 3% this week to US$3855 per 40-foot container. The composite index is now 63% below the previous pandemic peak of US$10,377 in September...
Nail in the coffin for Perth Freight Link
THE WEST Australian state government has hammered the final nail in the controversial plan for the Roe 8 and 9 Perth Freight Link project. The finalisation of an amendment to the...
Crew taken hostage, use of weapons rise in 2024
PIRACY and global maritime incidents declined in 2024, according to new statistics from the ICC International Maritime Bureau, but crew safety is still at risk. IMB’s annual...
UK free trade deal sweetening, minister says
THE MINISTER for Agriculture, Fisheries and Forestry, Julie Collins, has continued her United Kingdom expedition, revealing the government is celebrating a surge in Australian...
PPA handles 66 million tonnes in December
PILBARA Ports Authority handled a total of 66.2 million tonnes of throughput last month, a decrease from the 66.5 million tonnes handled in December 2023. The Port of Port Hedland...
Leadership changes at Svitzer Australia
SVITZER Australia has announced the appointment of a new regional chief people officer and the departure of its general manager – West. James Comer has joined Svitzer Australia as...
Avalon Airport pitches to become major freight hub
AVALON Airport has announced the appointment of Jacques Dumont as its new Cargo Terminal Manager, as the airport prepares to open its new state-of-the-art freight processing...
Agriculture minister to meet with European trading partners
THE MINISTER for Agriculture, Fisheries and Forestry, Julie Collins, will travel this week to London, Brussels, and Berlin to meet with critical trading partners to discuss a...
Townsville welcomes biggest cruise ship in upgraded channel
PORT of Townsville has marked the completion of its Channel Upgrade project with a visit from the largest cruise ship ever to dock at the port. The arrival of Cunard’s Queen...
Industry golf day raises $36,000 for childhood cancer research
The annual Shipping and Logistics Golf Challenge is approaching a milestone in its support for research into childhood cancer, having raised almost $850,000 for the cause. The...
