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...
World Container Index Falls 2%
DREWRY’S World Container Index has seen another decrease this week, falling 2% to US$5428 per 40-foot container this week. The latest Drewry WCI composite index of US$5428 per...
AirAsia Indonesia flight arrives in Cairns for first time
AIRASIA Indonesia has touched down in Cairns for the first time ever, opening the door for the far north to receive more tourists and profit. The first AirAsia service from Bali...
Seven operators accounted for 40% of port handling in 2023
A REPORT from UK based research company Drewry has found that the seven largest global terminal operators handled over 40 percent of global port throughput in 2023. Drewry’s...
Lyttelton drydock reopens
LYTTELTON Port Company has reopened its drydock, with some improved safety features for dock users and ships’ crews. The drydock has been closed to regular ship repairs since 13...
WiseTech opens CargoWise training to all, free of charge
WISETECH Academy, online training arm of WiseTech Global, has opened access to its CargoWise certification courses to the public, intending to enable job seekers to attain...
MPA and UN Global Compact Network Singapore sign MOU
THE MARITIME and Port Authority of Singapore (MPA) and the UN Global Compact Network Singapore (GCNS) have signed a memorandum of understanding to help strengthen the maritime...
Container seals a key ingredient in keeping down theft
IGNORING container seals is opening the door to increased cargo theft according to UK freight insurance specialist TT Club. TT’s Logistics Risk Manager, Josh Finch said in a media...
Patrick Terminals launches new trucks, 600-metre trains
PATRICK Terminals Fremantle has announced nine new electric trucks are now fully commissioned and operational at the terminal. The seaport operator said the state-of-the-art...
