Baltic Exchange weekly market report
THE BALTIC Dry Index declined over the past week settling at 1389 on Friday (31 March). This was a week-on-week decline of 6.7%; however, this past week’s index numbers are still...
NYK to acquire entirety of Mitsubishi Ore Transport
NYK Line is buying all the shares of its joint company Mitsubishi Ore Transport (MOT), a ship management and ship owning business. NYK Line owns a 40.28% stake in MOT but has...
MOL and Rio Tinto sign crew welfare agreement
MITSUI O.S.K. Lines and miner Rio Tinto have agreed to the Designated Owners and Operators program. The DOO program is a Rio Tinto initiative to enhance safety and improve crew...
ATSB details timeline of Portland Bay propulsion failure
THE AUSTRALIAN Transport Safety Bureau is progressing with its investigation into the Portland Bay incident, having published a timeline of events leading up to the ship’s loss of...
Spill response training prepares PNG for more ships
PAPUA New Guinea is increasing its oil spill response capacity to prepare for more maritime traffic through its ports in the coming years. Senior representatives from the...
The DCN Weekly: Episode 40
THIS week, the Australian Transport Safety Bureau released its findings from an investigation into the allision that sunk two tugs in Devonport last year....
Baltic Exchange weekly market report
THE BALTIC Dry Index ended last week at 1489/ This was down slightly on the previous Friday (1535) but still well above the recent nadir of 530 on 16 February. Capesize The...
Goliath incident highlights importance of bridge resource management: ATSB
THE AUSTRALIAN Transport Safety Bureau’s investigation into last year’s Goliath incident at the Port of Devonport highlights the importance of bridge resource management and the...
Oldendorff appoints new CEO
OLDENDORFF Carriers has appointed Patrick Hutchins as its new president and chief executive officer, effective 21 March. Mr Hutchins succeeds Peter Twiss, who is retiring after 28...
The DCN Weekly: Episode 39
THIS week, the Victorian government named Port of Hastings as the location of the Victorian Renewable Energy Terminal, detailed in a statement on offshore wind energy...
BIMCO targets eBLs in bulk
THE BALTIC and International Maritime Council has launched a commitment by bulk shippers to increase the use of electronic bills of lading. The “25 by 25 pledge” commits some of...
Baltic Exchange weekly market report
THE BALTIC Dry Index ended the week on 1535, up 8% from 1424 posted on the previous Friday. The BDI this week saw a turnaround from its sharp incline over the past month. Baltic...
NT hydrogen export project progresses
ASX-listed energy company Provaris is anticipating the completion of several Tiwi H2 milestones in the coming months. The vision behind the Tiwi H2 project is to export green...
NQBP launches internship program at Port of Mackay
NORTH Queensland Bulk Ports has launched its 2023 internship program targeting local engineering students. The program is based in Port of Mackay and is intended as a...
China ends unofficial ban on Aussie coal
CHINA has completely lifted its unofficial ban on the import of Australian coal, according to global media reports. Customs offices and ports have been instructed to allow cargoes...
