Baltic Exchange weekly report
THE BALTIC Dry Index increased steadily over the past few days, ending the week at 1901. The Baltic Dry Index for the week ending Friday 19 April 2024. Source: Baltic Exchange...
Hapag-Lloyd looks to 2030
HAPAG-LLOYD has detailed its “most ambitious strategy to date”, based on a new set of five core pillars covering everything from innovation to expansion and customer-centric...
Study foreshadows new Sunrise
MORE than 12 months after the partners in the Sunrise Joint Venture agreed on a concept study to focus on piping and processing gas from the Greater Sunrise Fields in the Timor...
US to force owners to fund rig de-coms
THE US government has this week updated 20-year-old regulations to ensure taxpayers are not hit with the cost of decommissioning offshore oil and gas rigs. The Department of the...
AtoN refurbishment project wraps up
THE AUSTRALIAN Maritime Safety Authority has concluded up a $1.2-million refurbishment of the remote Newman Reef aid to navigation, north-east of Thursday Island. The project...
"K" Line joins ammonia pursuers
JAPAN'S “K” Line has joined a high-powered industry group intent on the commercialisation of ammonia-fuelled ships. The integrated group is being led by ITOCHU Corporation and...
Industry updates container cleaning guide
PESTILENT containers and the cleaning thereof is the subject of an updated set of guidelines issued by a joint group of industry leaders. The International Cargo Handling...
PIL signs for de-carb push
SINGAPORE'S Pacific International Lines has become the latest carrier to explore new measures to speed up the decarbonisation of shipping. On Monday [15 April], PIL signed a...
$20 million for bi-lateral emissions reduction work
THE GOVERNMENTS of Australia and Singapore have partnered on a $20 million initiative to help reduce emissions in the maritime sector. Labelled ASLET (Australia-Singapore...
Tassie shipbuilder switches to four-day work week
TASMANIAN shipbuilder Incat has introduced a four-day work week for its production staff. Incat expects the new approach to increase productivity and enhance the wellbeing of its...
Transport co moves in at Port of Brisbane
PORT of Brisbane is now home to a new warehousing and depot facility for Rogers Transport, a transport provider and distribution specialist. The new facility sits on a...
CMA CGM Air Cargo to launch trans-Pacific service
CMA CGM Air Cargo plans to begin operating a trans-Pacific route in the European summer 2024, with three new Boeing B777 aircraft due for delivery in 2024 and 2025. The...
Pilbara throughput increases in March
PILBARA Ports has reported a total monthly throughput of 67.5 million tonnes for March 2024. Last month’s figures were a 9% increase compared with March 2023. The Port of Port...
No recovery yet for OOCL
FIRST quarter results from Hong Kong’s Orient Overseas Container Line show international box trades continue the slide in revenues evident in 2023. The trans-Pacific and the...
BigLift getting bigger
SPLIETHOFF Group member BigLift Shipping and South Korea’s CY Shipping have placed orders in China for two heavy transport vessels to extend their joint fleet of HTVs to six. The...
