World Container Index falls by 2% again
DREWRY’S World Container Index has again decreased by 2% this week, falling to US$5319 per 40-foot container. The latest Drewry WCI composite index of US$5319 per 40-foot...
Baltic Exchange weekly report
THE BALTIC Dry Index landed at 1762 on Friday 23 August – a slight decline compared with the previous day but an increase from the previous Friday (1691). The Baltic Dry Index for...
Shadow minister addresses industry at SAL parliamentary lunch
PRODUCTIVITY and connectivity underpinned an address to the shipping industry by shadow minister for transport and infrastructure Natalie Ward this past week. Ms Ward addressed...
Singapore named top maritime centre for eleventh consecutive year
SINGAPORE has once again been named by the Baltic Exchange as the top maritime centre in the world, for the eleventh consecutive year. The shipping and maritime information...
Earliest known Swan River shipwreck confirmed
A SHIPWRECK found in September last year has been confirmed by the Western Australian Museum as the earliest known shipwreck discovered in the Swan River. The wreck is a barge...
NYK signs agreement for transport of ammonia from India to Japan
NYK Line has reached an agreement in collaboration with Kyushu Electric Power Company, Sojitz Corporation, and Sembcorp for the marine transport of green ammonia to Japan. The...
MUA says safety of disused oil and gas wells in question
THE MARITIME Union of Australia has called into question the long-term safety of Australia’s offshore oil and gas infrastructure. The MUA has highlighted a new report published...
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...
