Baltic Exchange weekly report
THE BALTIC Dry Index increased to 1815 on Friday 31 May, returning to a similar level seen in the previous week. The Baltic Dry Index for the week ending Friday 31 May 2024....
Melbourne leads nation's airfreight exports in Q1
MELBOURNE airport has declared itself the leading hub for Australia’s airfreight exports, ahead of record export volumes that have surpassed pre-pandemic levels. The first quarter...
DP World Melbourne suffering ‘extreme congestion’
LANDSIDE logistics operators are experiencing extreme congestion at DP World’s West Swanson Terminal in Melbourne, the Container Transport Alliance Australia reports. DPW has...
Unique vessel on trial in NZ
A PARTNERSHIP between ferry company Fullers360 and sustainable marine technology provider Vessev has developed what’s claimed to be the first fully electric passenger vessel to...
More profits, less doom – but …
WORK by US analyst John D McCown shows container lines recorded a net profit of US$5.4 billion in the first quarter of 2024, a massive turnaround from 3Q 2023 and seven previous...
PIL and PSA collaborate in low-carbon end-to-end shipment trial
PSA Singapore and Pacific International Lines have successfully trialed a low-carbon end-to-end shipment, furthering efforts to decarbonise supply chain transportation. The pilot...
Report: Freight vehicle congestion approaches pre-covid levels
THE BUREAU of Infrastructure and Transport Research Economics (BITRE) has released its 2023 report on freight vehicle congestion in Australian capital cities. The fifth issue in...
Incat chasing zero with Euro partners
TASMANIAN shipbuilder Incat has joined French ferry operator Brittany Ferries and Finnish marine and energy technology company Wärtsilä to explore design and technical...
AMWS honours long-serving councillor
ON TUESDAY 28 May the Australian Mariners Welfare Society met for their annual function, attended by members, friends and supporters of the seafarers welfare community. Held at...
MOL backing wind propulsion technology into the future
MITSUI O.S.K. Line have announced their intention to install wind propulsion systems on seven newbuilding bulk carriers and multi-purpose vessels. This will bring the total number...
Key Lumsden Point contracts let
PILBARA Ports’ Lumsden Point common-user infrastructure project at Port Hedland has achieved two major milestones with the confirmation of two significant contracts. Jan De Nul...
Aussie-designed hybrid ferries launched in Med
THE FIRST vessels in a new fleet of hybrid ferries designed by Australia’s Incat Crowther is said to have exceeded performance expectations during sea trials, ahead of deployment...
TasPorts’ clean sweep in North West
A PROGRAM of bed-levelling is underway in the port of Devonport following similar work in Burnie that successfully increased alongside depth at several berths. Polaris Marine’s...
Q7000’s BMG job done
HELIX Energy Solutions’ deepwater offshore vessel Q7000 is this week wrapping up the main decommissioning work at Cooper Energy’s Basker Manta Gummy oil field in Bass Strait....
NYK commences alternative fuel test-run for crude oil tanker
NIPPON Yusen Kabushiki Kaisha (NYK) line has begun a long-term test run on the safety and stable procurement of using biofuel onboard a very large crude oil (VLCC) tanker. The...
