Rate push out of steam?
THE plethora of carrier notifications of GRIs, PSSs, rate recoveries and other surcharge/cost increases looks to have peaked in Australasian trades, a little more rapidly than...
Now there’s B1 and B2
THE SECOND of AAL Shipping’s innovative Super B-class heavylift/multi-purpose vessels has been officially named at the CSSC Huangpu-Wenchong Shipyard in Guangzhou. The ceremony...
NYK buys most of Eneos’ fleet
JAPANESE energy group Eneos has sold most of its fleet of tankers, gas carriers and bulkers to compatriot NYK for a new joint venture to be based in Singapore. Eighteen LPG...
Global players unite to condemn IMO’s carbon indicator
SIX OF the most significant shipping associations in the world have released a joint announcement calling for changes to the Carbon Intensity Indicator introduced by the...
Critical minerals industry will thrive despite Nickel shutdown
WHILE thousands of West Australians will be affected by the suspension of operations at BHP’s Nickel West operation, Mines and Petroleum Minister David Michael believes the...
Piracy incidents dropping, but violence on the rise
THE INTERNATIONAL Maritime Bureau has reported a drop in the number of piracy incidents, but a “concerning” rise in violence against seafarers. IMB, part of the International...
Baltic Exchange weekly report
THE BALTIC Dry Index increased this past week to 1997 on Friday 12 July. The Baltic Dry Index for the week ending Friday 12 July 2024. Source: Baltic Exchange Capesize This week...
TasPorts partners with IMAS to develop living sea walls
TASPORTS has announced it is partnering with the Institute for Marine and Antarctic Studies to develop living sea walls for port infrastructure. PHD students from IMAS can apply...
World Container Index inches up 1%
DREWRY’S World Container Index inched up 1% this past week to US$5901 per 40-foot container. It follows a sharp incline that began in early May. The composite index has increased...
OPINION: Border clearance and security compromised
THE DEPARTMENT of Homeland Security in its recent customs brokers licence renewals has added new conditions and legislative intent (yet to be passed by the Senate) which has...
Cook Strait ferry Aratere resuming service
SEVENTEEN days after running aground while leaving the NZ South Island port of Picton, Interisland Line’s rail/ro-pax Aratere is resuming Cook Strait service after Maritime New...
Bunbury grounding prompts upgrade to pilot standards
THE grounding of bulk carrier World Diana in April last year at the Port of Bunbury has prompted Southern Port Authority to update its marine pilotage standards and procedures for...
MOL delivers second newbuild equipped with hard sail
MITSUI O.S.K. Lines has announced delivery of its new bulk carrier Green Winds, the second MOL vessel to be equipped with a hard sail system. The Japanese shipping line confirmed...
Wilhelmsen Ships Services joins partnership for safer mooring
WILHELMSEN Ships Service has joined a zero-harm initiative by RightShip with a view to improve the safety of mooring practices. The company is now part of the Zero Harm Innovation...
QIC invests in European bulk terminals operator HES International
QUEENSLAND Investment Corporation has closed financing of €50 million (approximately $80 million) as part of a junior loan for HES International BV, one of Europe's largest...
