Baltic Exchange weekly market report
THE BALTIC Dry Index has continued on its steep upward trajectory that started at its nadir in mid-February. On Friday, the BDI was 1424, an increase of 17.6% on the week before...
Shipping line signs decarbonisation agreement with miner
KAWASAKI Kisen Kaisha (K Line) has signed a memorandum of understanding with miner Anglo American to establish a working committee for collaborative research on decarbonisation. K...
MOL inks deal on study of clean fuel value chain
MITSUI O.S.K. Lines has signed a memorandum of understanding on building a “clean hydrogen and ammonia value chain” with the Electricity Generation Authority of Thailand,...
Commercial hydrogen exports from Vic a step closer to reality
AN AUSTRALIAN joint venture between Japanese organisations J-Power and Sumitomo Corporation (JPSC JV) has been selected as the preferred hydrogen provider to Japan Suiso Energy...
NYK completes biofuel pilot project
JAPANESE LPG importer Astomos Energy Corporation and Japanese shipping line NYK have completed a biofuel pilot project. The project was carried out on LPG carrier Lycaste Peace...
Baltic Exchange weekly market report
THE BALTIC Dry Index saw a sharp uptick over the past week, hitting 1211 on Friday, up from 883 a week before. Friday’s BDI was the highest point since early January, and 128% up...
Melbourne trade volumes down in January
PORT of Melbourne reported a decrease in total container throughput in January on the same month last year. A total of 257,227 TEU crossed the wharves at Melbourne in January, a...
Dalrymple Bay Infrastructure reports increase in revenue, decrease in volume
THE DALRYMPLE Bay Terminal exported 53.3 million tonnes of coal over 2022 (down 1.8% from 2021), according to its results announcement, released on Monday (27 February)....
Baltic Exchange weekly market report
THE BALTIC Dry Index last week posted a turnaround from its months-long freefall. The index inched upward throughout last week to hit 883 on Friday. This was 64% above the end of...
Port Hedland capacity expansion project underway
THE FEDERAL government is investing $565 million for common user port upgrades in the Pilbara. The government said the investment would help expand the export and import capacity...
Another Townsville stevedore puts in place Aussie tech platform
TOWNSVILLE stevedore TML is implementing Inbound, a web-based truck appointment system which aims to ease congestion caused by unscheduled truck arrivals. Inbound is a digital...
Oldendorff welcomes Capesize bulker Gina Oldendorff
OLDENDORFF has named its latest Capesize newbuild after Australian mining magnate Gina Rinehart. The German shipping company recently welcomed Liberia-flagged MV Gina Oldendorff...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued its decline last week, hitting a nadir of 530 on Thursday (16 February) before inching up to 538 on Friday – 11% down on a week prior. The Baltic...
ICS reaffirms commitment to 2050 net zero
THE BOARD of the International Chamber of Shipping has submitted a revised proposal to the International Maritime Organization that reaffirms the industry’s commitment to meet...
GreenPorts Congress Oceania unpacks the elements of sustainability
DAY two of GreenPorts Congress Oceania 2023 explored some of the most important and challenging aspects of sustainability in the ports sector. This is the first time the...
