World Container Index falls by 8%
DREWRY’S World Container Index took another steep tumble this past week. The composite index decreased 8% to US$4775 per 40-foot container on 5 September. The index is now 54%...
Baltic Exchange weekly report
THE BALTIC Dry Index ended the week on a small uptick, landing at 1941 on Friday 6 September. The Baltic Dry Index for the week ending Friday 6 September 2024. Source: Baltic...
NSW government approves key section of Inland Rail
THE NEW South Wales Government has announced the approval of the Illabo to Stockinbingal section of the Inland Rail project. The section was approved by the Minister for Planning...
Sydney man charged for role in attempted meth importation
THE AUSTRALIAN Federal Police has charged a Sydney man over his alleged role in a plot to import methamphetamine into Australia from the United States. The 28 year-old man from...
Singapore to permit night movements for container barges at Pasir Panjang
THE MARITIME & Port Authority of Singapore (MPA) has announced that night movements of line-towed container barges will be allowed to and from the Pasir Panjang Terminal,...
Wave energy converter to be deployed off Albany
A FLOATING wave energy converter is ready to be deployed in Albany’s outer harbour. The M4 converter, the focus of a Western Australian research project, is designed to harness...
$340m investment announced for Victorian port
THE VICTORIAN government has committed $340 million to infrastructure improvements at Port Fairy – a historic maritime hub in south-western Victoria. The investment, announced on...
Port Otago unveils big profits in end of year results
NEW Zealand’s Port Otago has reported its financial performance for the financial year 2023-24 (FY24), recording a net profit after tax of NZ$30.4 million, up a whole 30% on the...
Boxship breaks capacity record in Panama Canal
CONTAINERSHIP MSC Marie broke a record in the Panama Canal this past week, becoming the largest vessel by TEU capacity ever to transit the waterway. Liberian-flagged MSC Marie...
Growth forecast for agriculture value in 2024-25
THE AUSTRALIAN Bureau of Agricultural and Resource Economics and Sciences forecasts a 4% increase in the gross value of agricultural production this financial year. ABARES’...
CentrePort releases annual financial results
NEW Zealand’s CentrePort Wellington has released its financial results for the financial year 2023-24 (FY24), reporting positive growth. CentrePort has reported the highest gross...
Second IMO-WISTA Women in Maritime Survey goes live
THE INTERNATIONAL Maritime Organization and Women’s International Shipping & Trading Association have launched their second Women in Maritime Survey. WISTA and the IMO run the...
DP World enters world of fashion and retail
DP WORLD has completed the acquisition of global supply chain provider Cargo Services Far East, the global port operator announced yesterday (2 September). Hong Kong-headquartered...
Southern Ports set for new cruise visits
WESTERN Australia’s Southern Ports of Albany, Bunbury and Esperance are poised for the start of a seven-month cruise season with several first-time visiting vessels. The Port of...
MOL earns world first in onboard fire safety
MITSUI O.S.K. Lines has announced one of its car carriers as the recipient of a certification from ClassNK recognising its voluntary measures to prevent onboard fires. Cerulean...
