New leadership at WISTA Australia
WISTA Australia this week welcomed new leaders aboard and farewelled those stepping down – including president and chair Monika Lemajic and vice president Jessie Mahon. Succeeding...
MOL claims world-first for capesize rotor sails
MITSUI O.S.K. Lines has announced that one of its capesize bulk carriers has been successfully retrofitted with two rotor sails. Camellia Dream received two Norsepower rotor sails...
Zim brimming with good results
ZIM PRESIDENT & CEO Eli Glickman has hailed “outstanding strategic execution” when handing down the carrier’s 2Q and 1H 2024 results which saw a strong reversal of equivalent...
WiseTech delivers strong results for financial year 2024
LOGISTICS software developer WiseTech Global has released its results for the financial year ending 30 June 2024 (FY24). The Australian company, headquartered in Sydney, has...
NYK to time-charter the company’s first methanol-fuelled bulk carrier
NYK LINE has announced an agreement between NYK Bulk & Projects Carriers and Japanese ship operator Kambara Kisen for the time charter of a methanol dual-fuel bulk carrier. The...
Fuel-saving system tested on NYK vessel
NYK Line has announced the results of a demonstration test trialling the use of an onboard system that lowers fuel consumption by controlling frequencies of the ship’s generators....
World’s container ports see second year of muted volume growth
LLOYD’S List has released its yearly One Hundred Container Ports 2024 list, ranking the top 100 container ports worldwide by total yearly throughput. Though last year’s combined...
NQBP to undertake dredging at Port of Hay Point
NORTH Queensland Bulk Ports Corporation (NQBP) will undertake maintenance dredging at the Port of Hay Point from this week, including the Half Tide Tug Harbour. The work at Hay...
HMM enjoys bumper 2Q, 1H
Joining the throng of Asian carriers reporting strong financials, HMM saw revenue increase 18.6% to KRW 4,993 billion (USD 3.06 billion) in 1H 2024 from KRW 4,212 billion in 1H...
South-South trade in fisheries and aquaculture surging, says United Nations
THE UNITED Nations Trade and Development agency has reported that trade in fisheries and aquaculture between developing countries has more than doubled in the last decade....
PPA July throughput consistent with last year
PILBARA Ports Authority has reported a total monthly throughput of 59.8 million tonnes in July 2024. The latest monthly figure is consistent with total throughput handled in July...
New bill seeks to enhance responsibility for foreign shipowners in US maritime accidents
UNITED States representative John Garamendi has introduced a new bill intended to hold foreign shipowners accountable for maritime accidents that occur in American waters. The...
Yang Ming sings in second quarter, first half
YANG MING Marine Transport Corporation has joined Evergreen in declaring very healthy financial results for 2024 so far, due to strong demand and increased freight rates. The...
Baltic Exchange weekly report
THE BALTIC Dry Index ended this past week on 1691 – a decrease from the 1728 reached in the middle of the week but higher than the 1670 posted on the previous Friday. The Baltic...
Qantas introduces new freighter services to meet demand
QANTAS is introducing new freighter services and increased capacity in order to meet demand. The Australian airline announced that, from 26 August 2024, it will launch new...
