MOL’S latest LNG bulker Australia bound
OVER the Easter long weekend, Mitsui OSK Lines held a naming and delivery ceremony for the LNG-fuelled Capesize bulker Verde Heraldo and the 210,321 DWT vessel is now en route to...
Adani Ports buys Abbot Point
OFFICIAL ownership of the North Queensland Export Terminal (NQXT) at Abbot Point has shifted from one Adani Group entity to another, with no immediate change in the facility’s...
PacBasin: steady Q1 despite rate pain
HONG Kong minor bulks specialist Pacific Basin Shipping outperformed market indices in the traditionally slower first quarter but still saw daily time-charter equivalent rates for...
Record iron ore and copper from BHP
BHP has delivered record iron ore tonnes from its central Pilbara hub. In its operational review for the nine months ended 31 March 2025 it said the WA operation demonstrated its...
INTERCARGO “concerned” about IMO’s GHG decision
THE INTERNATIONAL Association of Dry Cargo Shipowners (INTERCARGO) has issued a response to the International Maritime Organization’s decision on greenhouse gas (GHG) reduction...
March tonnage up at Pilbara Ports
THROUGHPUT of 69.5 million tonnes at Pilbara Ports in March was up 4% compared to March 2024. Pilbara Ports encompasses the ports of Ashburton, Dampier, Port Hedland and Varanus...
Extreme weather hits Rio bottom line
EXTREME weather has taken its toll on Rio Tinto’s Pilbara iron ore operations. In a notice to the Australian Stock Exchange, Rio Tinto chief executive Jakob Stausholm said the...
NYK merges three subsidiaries
JAPAN’s NYK Group is bringing together three subsidiary companies in the shipping and shipmanagement sphere under the name NYK Bulkships Partners. The amalgamation will take...
Baltic Exchange Weekly Report - 11 April 2025
The Baltic Dry Index has seen another fall this week, landing at 1274 for the week of 11th April. Capesize The Capesize market faced headwinds this week, with broader...
NYK to receive dual-fuel methanol VLCC
NIPPON Yusen Kaisha (NYK Line) has announced it has concluded a contract for the construction and charter of a very large crude oil carrier (VLCC) equipped with a main engine that...
Victoire towed to safety
THE powerless LPG tanker VICTOIRE is safely at anchor in Twofold Bay, Eden after almost a week adrift off South East Australia. The Geogas vessel was towed from a position...
bound4blue installs “world’s largest” suction sails
SPANISH wind sail developer bound4blue has announced the installation of the “world’s largest” suction sails, with four 26-meter high eSAILs fitted to Atlantic Orchard. The...
Fouled tug will return to Victoire
THE LPG tanker Victoire, which suffered engine failure in Bass Strait on Friday [4 April] remains adrift off south-east Australia but is in no danger, AMSA says. DCN understands...
Viterra hails India-Aus tariff reduction with SA lentils
AGRICULTURAL product buyer and exporter Viterra Australia has announced the first vessel to enter India under a 50% tariff reduction was a Viterra vessel loaded with Australian...
LPG tanker Victoire breaks down in Bass Strait
The LPG tanker Victoire has broken down in Bass Strait and is drifting north-east but currently not at risk. The Australian Maritime Safety Authority confirmed that about 1600 on...
