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...
China volumes lure extra-loaders
WHILE Drewry’s World Container Index continues to fall – this week by another 3% - rates in the China-Australia trade are reportedly nudging year-long highs and demand remains...
Second of new Parramatta ferries enters service
THE SECOND in the new fleet of next-generation Parramatta Class ferries has entered service in Sydney just a fortnight after its arrival to the state’s capital. Designed by...
Kenwick terminal marks next step on the way to Westport
THE NEW Kenwick Intermodal Terminal just outside Perth will support the movement of up to 200,000 shipping containers each year. Funded by the Australian and Western Australian...
PIANC APAC 2024: Ports in a changing world
THE PIANC Asia Pacific Conference in Sydney this past week featured insights into challenges across the global ports landscape, with a focus on connecting Asia Pacific ports in a...
Baltic Exchange weekly report
THE BALTIC Dry Index climbed as high as 1827 this past week before dipping to 1814 on Friday 30 August. The Baltic Dry Index for the week ending Friday 30 August 2024. Source:...
Lyttelton Port releases mixed financial results
LYTELLTON Port Company has released its results for the 2023-24 financial year (FY24), posting a mixed report of both earnings and decreases. The company returned underlying net...
World Container Index continues to tumble
DREWRY’S World Container Index decreased again this past week, dropping 3% to US$5181 per 40-foot container. The latest figure is 50% below the previous pandemic peak of US$10,377...
Air cargo demand continues to rise in July
GLOBAL air cargo demand is still growing, according to the International Air Transport Association, due in part to constraints in shipping. The latest monthly air cargo statistics...
