Baltic Exchange Weekly Report - 10 April 2026
THE BALTIC Dry Index (BDI) closed at 2201 points for 10 April 2026, up from the 27 March's figure of 2031. Capesize The market resumed after the Easter break with renewed...
AMSA expels another over underpayments
THE AUSTRALIAN Maritime Safety Authority has imposed another six-month ban on a bulk carrier in local waters after discovering the crew had been unpaid for seven months. The...
OPINION: Twin shipping chokepoint crisis threatens Australian trade
It has been more than a month since the effective closure of the Strait of Hormuz, which carries about 20% of global oil and gas. Global energy supply chain needs have been...
Thompson adds handysize bulk carrier
FREMANTLE-based Thompson Shipping Lines has added a handysize bulk carrier to its fleet. The subsidiary of Thompson Shipping Group has acquired the Japanese-built 35,947 DWT...
Industry relief at ceasefire reports
A REPORTED ceasefire between Iran and the US/Israel alliance is set to bring benefits for both seafarers and global trade, industry figures say. The ceasefire agreement was...
Quartz mine approval means Townsville port bonus
THE QUEENSLAND Government has declared the Sugarbag Hill Ultra High Purity Quartz Sand Project ‘prescribed’, enabling fast-track delivery. The $515 million project is expected to...
New NZ diesel storage – but where are the tankers?
THE NEW Zealand Government has put NZ$20+ million towards a boost in the nation’s diesel storage capacity but the maritime union is worried there are no longer local tankers to...
Alcoa shifts alumina exports from Middle East to China
THE FOUR million tonnes of Alumina that Alcoa usually sends from its West Australian mines to Middle East refineries have come to a halt because of the closure of the Strait of...
Newcastle sets diversified trade record
A RECORD result for non-coal at Newcastle highlights the strength of the port’s diversification strategy, chief executive Craig Carmody says. Port of Newcastle reported more than...
The waves beneath the wings
NORWAY’s Grieg Maritime Group, partner with Gearbulk in G2Ocean, has signed a contract with GT Wings to install at least two of their AirWing™20 Jet Sails on their fleet. Grieg...
Baltic Exchange Weekly Report - 26 March 2026
AFTER a series of small increases, the Baltic Dry Index (BDI) dipped slightly, closing at 2031 points for 27 March 2026, down from the previous period's figure of 2056. Capesize...
Procuring oil on troubled waters
FEDERAL government advice that six ‘lost’ April fuel import shipments have been replaced, and a further three contracted from the USA, will provide some soothing of nerves in the...
NZ bulk coastal plans falter
THE CHANCES of New Zealand’s West Coast Bulk Logistics (WCBL) resuming service with self-propelled barge Manahau are looking slim after parent Westland Mineral Sands (WMS)...
Cold comfort for NZ exporters
THE WORLD’s largest operator of specialised reefer vessels has debuted the first of seven purpose-built newbuilds in New Zealand, to load kiwifruit for Europe. Cyprus-based Cool...
OPINION: The ‘April cliff’ - a mathematical certainty
This article is submitted by a reader. The views expressed are those of the author and do not necessarily reflect those of Daily Cargo News. AUSTRALIA could be as little as...
