Baltic Exchange weekly report
THE BALTIC Dry Index declined slightly last week to 1065. This was a decline of 1.4% on the previous Friday’s index of 1080. Capesize The Capesize market observed a shortened...
Aurizon inks deal to move magnetite to Darwin
RAIL freight company Aurizon signed a deal to transport some 1.2 million tonnes per year of magnetite for miner Northern Iron. The deal will see Aurizon move the mineral from...
Wärtsilä launches CCS feasibility studies
WÄRTSILÄ is launching carbon capture and storage feasibility studies for shipowners and operators to help bring forward the early stages of CCS integration. The technology group...
Chevron LNG workers give notice of industrial action
WORKERS at two LNG complexes have given notice of industrial action, which will start next week. According to reports, the two sites, Wheatstone and Gorgon, account for 5% of...
South Port reports positive FY23 results
SOUTH Port in New Zealand reported an 8.7% decrease in after-tax profit for the 2022-23 financial year. The port in the South Island town of Bluff reported after-tax profit of...
NYK to study liquefied CO2 transport
A CONSORTIUM of energy companies commissioned NYK to conduct a study on the marine transportation of liquefied carbon dioxide. The consortium comprises Japanese petroleum firm...
WA green hydrogen hub one step closer
BP has completed a study into its proposed H2Kwinana energy hub in Western Australia. The large-scale green hydrogen hub H2Kwinana, would be aimed at providing a renewable...
Profit up at Dalrymple Bay Infrastructure as CEO steps down
DALRYMPLE Bay Infrastructure has announced a spike in profit for the first half of 2023, and the departure of its CEO. ASX-listed DBI manages the Dalrymple Bay Coal Terminal at...
Profits up and volumes down at Port of Tauranga
PORT of Tauranga has reported an increase in revenue and profit for the 2023 financial year despite cargo volumes falling in the second half. The North Island port posted a group...
The DCN Weekly: Episode 62
IN THE news this week, pilots at the port of Brisbane called off a strike against their employer Poseidon Sea Pilots....
Baltic Exchange weekly report
THE BALTIC Dry Index declined this past week from a peak in the previous week. The index rounded out the week at 1080 on 25 August. This was a decline of 13% on the previous...
The season of the stink (bug)
BROWN marmorated stink bug season is once again upon us for 2023-24. On 1 September seasonal measures aimed at mitigating the biosecurity risks of the BMSB will come into force....
AMSA bans bulker for 12 months
THE AUSTRALIAN Maritime Safety Authority (AMSA) has banned the Liberian-flagged bulk carrier MSXT Emily (IMO 9929302) from Australian waters for one year, after finding apparent...
Qube posts "strong" set of results for FY23
QUBE has reported an increase in earnings and revenue for the 2023 financial year, driven largely by high volumes in its logistics business. The company reported a full-year...
MOL and Aussie institutes partner on CO2 shipping project
MITSUI O.S.K. Lines is one of three Japanese companies to have partnered with Australian research institutes to study the bulk transport of carbon dioxide by ship. MOL, Low...
