NYK posts strong first quarter 2024 results
NYK LINE has released its financial results for the first quarter of 2024-25 fiscal year (Q1 2024), posting robust increases. The Japanese shipping line saw a 14.8% increase in...
ICS predicts heavy industry sector to dominate global hydrogen demand
THE INTERNATIONAL Chamber of Shipping has presented a new report that expects heavy industry to dominate global demand for hydrogen up to the year 2050. The report, written by the...
MOL designing LNG carrier fitted with hard sails
MITSUI O.S.K. Lines has been granted an approval in principle by ClassNK for the design of an LNG-fuelled carrier that is also fitted with a wind-assisted propulsion system. The...
Port Authority of NSW celebrates 10 years and trade milestones
THE PORT Authority of New South Wales today (5 August) celebrates 10 years as a state-owned corporation, facilitating billions in trade for the regional and state economies. Port...
The MCC Group joins Shipping Australia
SHIPPING Australia has welcomed The MCC Group as its newest corporate associate member. The MCC Group, headquartered in Brisbane, comprises the companies MCC Marine, Marine Cargo...
PBPL and Bridgestone agree to 15-year lease on new facility
THE PORT of Brisbane and Bridgestone Australia have agreed to terms for a 15-year lease on a site which will become Bridgestone’s new distribution centre. A site over five...
World Container Index decreases by 1%
DREWRY’S World Container Index has decreased again by 1% this week to US$5736 per 40-foot container. It marks the second week in a row the container index has seen a decrease,...
Baltic Exchange weekly report
THE BALTIC Dry Index ended the week at 1675 (Friday 2 August). It was an uptick from the 1668 on Thursday but a notable decrease from 1808 on the previous Friday (26 July). The...
Australia's first hyperbaric common user facility open for business
AUSTRALIA’S first deepwater hyperbaric common user facility opened its doors this week (31 July). The facility, operated by Matrix Composites and Engineering, is part of the...
ITF week of action singles out cruise ships, offshore oil and gas
EXPEDITION cruise ships and offshore oil and gas industries were among vessels the International Transport Workers Federation Inspectorate claims have underpaid seafarers an...
Australia and NZ to collaborate on green trade
AUSTRALIA AND New Zealand plan to work together to unlock potential economic opportunities as the transition to clean energy accelerates, including through work to develop green...
Indonesian lunch policy presents opportunities for Australian growers
THE AUSTRALIAN government is examining trade opportunities with Indonesia aimed at taking advantage of a scheme aimed at feeding school children. A key policy for President-elect,...
WSC advances Green Balance Mechanism proposal
THE WORLD Shipping Council has yesterday (31 July) announced further development for its Green Balance Mechanism, a regulatory proposal designed to ensure shipping meets net-zero...
Green ammonia for COSCO Shipping in Fortescue deal
FORTESCUE and COSCO Shipping will work together to collaborate on converting the COSCO fleet to green ammonia. The two companies have signed a non-binding memorandum of...
Air cargo demand surges in June
THE INTERNATIONAL Air Transport Association has reported a surge in air cargo demand in June, citing shipping constraints as a strong contributor to the latest monthly figures....
