Maersk quantifies Red Sea costs
THE COST of container ship diversions from the Red Sea has been spelt out by Maersk Line in an explanation of surcharges and higher freight rates imposed since conflict between...
Interim Reef ETV in safe keeping
THE VESSEL Smit Lamnalco will use for the first two years of AMSA’s new first response capability contract in the Torres Strait and on the Great Barrier Reef is under refit in...
MSC Aries crew released
IRAN has released the crew of MSC Aries, but the vessel is still “detained under judicial rules”, according to Iran’s foreign minister Hossein Amirabdollahian. The...
Baltic Exchange weekly report
THE BALTIC Dry Index remained fairly stable for the first part of the week before increasing to 1774 on Friday 3 May. The Baltic Dry Index for the week ending Friday 3 May 2024....
MSQ reforms to tackle abandoned vessels in QLD river
MARITIME Safety Queensland is continuing its roll-out a suite of safety and pollution reforms that should see the removal of derelict and abandoned vessels in a Queensland river....
Schoeller orders more Super-Bs
Cyprus-based Schoeller Holdings, parent of AAL Shipping, has place orders for two additional 32,000 dwt heavylift multi-purpose vessels with Huangpu Wenchong Shipbuilding, part of...
Slight WCI increase ends downward trend
THE DREWRY World Container Index increased 1% over the week to US$2725 per 40-foot container. The index has been falling steadily since its spike at the beginning of the year. The...
Air cargo demand strengthens in March
THE INTERNATIONAL Air Transport Association has reported a continuing strong annual growth in air cargo demand in March 2024. Total demand, measured in cargo tonne-kilometres,...
SCT’s cool new WA project
The property division of the SCT Group has begun construction of a new refrigerated facility at Forrestfield, Western Australia in a move it says will improve supply chain...
Whale saver arrives in Hobart
A FORMER Japanese fisheries patrol vessel has arrived in Hobart for refit before taking up an expected renewed battle against whaling in the Great Southern Ocean. To be renamed...
Melbourne container trade increases again
PORT of Melbourne’s total container throughput in March was up 5.1% against March 2023, according to the latest monthly statistics form the port. The port handled a total of...
Svitzer celebrates Nasdaq listing across timezones
SVITZER’S official listing on Nasdaq Copenhagen this week saw the company’s staff, customers and stakeholders gather at events around the world to celebrate occasion. The towage...
Nautical Shipping appointed Ultrabulk agent
NAUTICAL Shipping, part of Gold Coast-based Leeward Group, has been appointed as agent for global dry bulk operator Ultrabulk. Ultrabulk, a subsidiary of Chile-headquartered...
ONE not the loneliest
JAPAN'S Ocean Network Express has joined the vast majority of leading container lines in reporting a massive drop in revenue and earnings for its 2023 financial year but managed...
Svitzer pushing up profits
GLOBAL towage provider Svitzer has enjoyed a strong trading start to 2024 and its demerger from AP Møller - Mærsk A/S has been confirmed by the latter’s shareholders at an EGM....
