WA budget commits $136m to ports
WESTERN Australian ports are to receive almost $136 million in new funding under the 2023-24 state budget. The funding targets several projects across the state’s ports, with an...
Baltic Exchange weekly market report
THE BALTIC Dry Index last week declined slightly after a mid-week peak. The index started the week at 1598, increased to the mid 1600s before ending the week at 1558 on Friday (12...
GrainCorp volumes down in 1H23
GRAINCORP handled a total of 34.8 million tonnes of grain in the half year ending 31 March, an 8% decrease on the same period last year. GrainCorp operates in the ports of...
GeelongPort grain business on track for record exports
RIORDAN Grain Services at GeelongPort is on track to export a record volume of grain this financial year, according to the port. GeelongPort said the business exported more than...
Port of Newcastle joins hydrogen partnership
PORT of Newcastle on Wednesday (10 May) announced it had joined the Platform Zero Global Partnership for Hydrogen Innovation. Port of Newcastle CEO Craig Carmody and chief...
Revenue and profit up at NYK
NYK Group has reported increases in revenue and profit for the 12 months to 31 March 2023. The group’s revenue for the fiscal year was ¥2.616 trillion (around $28.6 billion), a...
Aussie company looks towards Norwegian hydrogen exports
AUSTRALIAN hydrogen specialist Provaris Energy has demonstrated the potential for low-cost delivery of green hydrogen from Norway, commencing in 2027. The ASX-listed company has...
The DCN Weekly: Episode 46
IN the news this week: Qube announced two acquisitions – one a 50% stake in a New Zealand-based container logistics company and 100% of an Australian bulk haulage specialist....
The Baltic Exchange weekly market report
The Baltic Dry Index saw a calm week last week, continuing a period of relative calm and extending its plateau out one more week. The index was 1558 on Friday (5 May), down ever...
63 alternative fuel vessels ordered this year
IN APRIL, 19 vessels with alternative fuel propulsion were ordered, according to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform. Of those vessels ordered,...
Tanker Pablo burns off coast of Malaysia
AN OIL tanker has caught fire off the coast of Malaysia, with three crewmembers missing. According to media reports, Malaysian maritime authorities rescued 25 crew from...
Auriga and Rio Tinto ink aviation contract
AURIGA Group has entered a contract with Rio Tinto to provide aviation marine pilot transfers in the Pilbara. Auriga said an airbase will be built at Karratha airport to support...
Qube acquires bulk logistics company and 50% of NZ container company
QUBE on Monday (1 May) announced it had acquired Australian bulk logistics provider Kalari, as well as a 50% stake in New Zealand container logistics company Pinnacle Corporation....
Charges laid in port worker deaths
MARITIME NZ has filed charges in relation to two fatal incidents and ports in New Zealand last year. Investigations started last April after the deaths of Atiroa Tuaiti at the...
The DCN Weekly: Episode 45
IN THE news this week, construction started on a $6-billion urea manufacturing project in the Pilbara, near the Port of Dampier....
