Hapag happy despite 1Q slump v 2023
HAPAG-Lloyd has reported declines in group EBITDA, EBIT and profit for the first quarter of 2024 but is upbeat about trends and has revised its forecast for the full financial...
HMM another to report 1Q bounce
EVIDENCE of a strong first quarter recovery in container trade revenues and profits continues to emerge with Korea’s HMM turning in encouraging figures. The carrier’s revenue...
Both sides back US maritime future
NEWS of apparently bipartisan support from Australia’s major political parties for a strong future for the nation’s maritime sector comes after US Republicans and Democrats last...
Freo container trade increases in Feb
TOTAL container throughput at Fremantle increased in February, according to the latest available trade data from Fremantle Ports. The port handled 75,069 TEU in February this...
Drug fiends try deals on wheels
ILLICIT drug importers and transnational crime syndicates are using ro-ro ships to smuggle cocaine, MDMA (ecstasy) and ketamine into Australia, concealed in new vehicles. The...
GMF: decarbonising shipping will be a job creator
NEW analysis, commissioned by the Global Maritime Forum and conducted by Arup, projects that the maritime sector’s transition to e-fuels could support up to four million new green...
MIAL's Blueprint for a Maritime Nation underway
MARITIME Industry Australia kicked off its Blueprint for a Maritime Nation conference in Brisbane on Tuesday (14 May). The event officially opened with a welcome reception on...
Dali subjected to little bang theory (UPDATED)
PLANS by the US Army Corp of Engineers to use explosives to assist in the removal of the section of Baltimore’s Francis Key Scott Bridge still laying over the bow of the...
MWPA appoints first community chair to consultation forum
MID West Ports has appointed the first community chairperson of a forum set up for industry and community stakeholders to discuss port operations. MWPA's Community Consultation...
Man charged following Botany meth bust
A MAN has been charged over the importation of 100 kilograms of meth found in a shipment at Port Botany, on its way to a storage facility used by a freight forwarder. The meth was...
NYK finds a way to re-hash the lash
JAPAN'S NYK has found a way to recycle and re-purpose one of the indispensable tools of international vehicle shipping. Last month NYK Line, NYK Trading Corporation, Azbil...
NYK Group's 2023 down but still third highest
JAPAN'S NYK Group saw profits fall for all major divisions in fiscal 2023 (ending 31 March 2024) but revenues and net profit came in as the third highest ever achieved. Profit...
Yang Ming back in black
ALONG with Israel’s ZIM and Taiwanese compatriot Wan Hai, Yang Ming was one of the few top container lines to record a negative EBIT in 2023, according to Alphaliner, but it’s...
Container index continues to rise
DREWRY’S composite World Container Index increased 16% to US$3159 per 40-foot container this week. The latest index is an 81% increase compared with the same week last year and a...
Baltic Exchange weekly report
THE BALTIC Dry Index on Friday 10 May was 2129 following ups and downs throughout a shorter week in the UK. The Baltic Dry Index for the week ending Friday 10 May 2024. Source:...
