Air cargo demand outpaces trade in January
THE INTERNATIONAL Air Transport Association has reported the highest annual growth in air cargo demand since mid-2021. Global air cargo demand, measured in cargo tonne-kilometres,...
Govt and industry talk level-crossing safety at national roundtable
A NATIONAL roundtable has identified “priority actions” to improve level-crossing safety across Australia, the federal government said. The level-crossing safety roundtable on 6...
Equipment order locked in for Somerton intermodal
CARGO handling specialist Kalmar has agreed to supply Australia’s Intermodal Terminal Company with equipment for the new Somerton Intermodal Terminal. Kalmar is to provide six...
ABARES forecasts ag sector rebound
THE AUSTRALIAN Bureau of Agricultural and Resource Economics and Sciences expects the value of the nation’s agriculture sector to rebound in 2024-25. The latest Agricultural...
Aussie-designed ferry deployed in Hong Kong
A NEW passenger ferry designed by Incat Crowther has entered service in Hong Kong. Xin Ming Xhu VIII was designed by the Australian marine engineering company and built by...
MOL acquires Fairfield Chemical Carriers
MOL Chemical Tankers has acquired Fairfield Chemical Carriers (FCC) and its fleet of stainless-steel tankers. The acquisition, valued at around US$400 million (about $615...
Revenue and volumes up at ICTSI
INTERNATIONAL Container Terminal Services (ICTSI) has reported its revenue increased to US$2.39 billion in the 2023 financial year, a 6% increase from 2022. The terminal...
Ketamine on the rise at Australia’s borders
AUTHORITIES last year seized 882 kilograms of ketamine at Australia’s borders, an amount more than double the 415 kilograms intercepted in 2022. Ketamine is a sedative that can...
Freight line to close for Inland Rail construction blitz
THE SYDNEY to Melbourne train line will be closed from Forbes to Goobang Junction next weekend as upgrades are completed. Works for the Inland Rail project will be conducted at...
Drewry posts WCI decrease
DREWRY’S World Container Index (WCI) decreased by 5% to US$3493 per 40-foot container this week. It had increased by 88% when compared with the same week last year. The latest WCI...
Baltic Exchange weekly report
THE BALTIC Dry Index continued on a sharp upward trajectory this past week, beginning the week on 1871 and hitting 2203 on Friday 1 March. The Baltic Dry Index for the week ending...
Port of Melbourne trade volumes increase
THE PORT of Melbourne has released its trade update for January. Total container throughput at the port in January was 269,044 TEU which was up 4% on last year’s total. Full...
Cairns gets new marine operations base
CAIRNS will be the location of Queensland’s first marine operations base. Queensland Water Police, the Australian Volunteer Coast Guard Association QF9 Cairns, and the soon to be...
Incat Crowther to design second-generation ferry
AUSTRALIAN marine engineering company Incat Crowther has been tasked with designing a new second-generation passenger ferry for a company in Singapore. Majestic Fast Ferry...
Tassie govt pledges support for Incat expansion
TASMANIAN premier Jeremy Rockliff has told Incat he would inject $5.25 million into the company’s expansion plans if he’s re-elected at next month’s state election. Incat builds...
