Baltic Exchange weekly market report
THE BALTIC Dry Index continued its fall last week, hitting a new nadir of 676 on Friday (27 January). This was a decrease of 11.4% on the previous Friday. The BDI has not been at...
Dual-fuel LPG carrier delivered for NYK
KAWASAKI Heavy Industries has this week delivered a liquefied petroleum gas carrier for NYK Line. Lantana Planet is the 69th LPG carrier the company has built, and its fourth...
Will higher steel values mean dry bulk carriers hold their value?
ANALYSIS of the dry bulk carrier values undertaken by consultancy Zuoz Industrial, and commissioned by the Baltic Exchange, looks at the potential impact of longer-term higher...
The DCN Weekly: Episode 31
IN the news this week, Australian Independent Shipbrokers was appointed broker in the sale of Yangtze Fortune, a livestock carrier abandoned off the cost of Victoria....
Baltic Exchange weekly market report
THE Baltic Dry Index fell off a cliff this past week, falling to 763 on Friday (20 January). This was a decrease of 19% on the previous Friday (when it was 946) and a decrease of...
Adelaide container trade slightly down in December
CONTAINER throughput at Port Adelaide declined in December, according to the latest data available from Flinders Ports. The port handled a total of 25,210 TEU last month – a...
Newcastle trade on the increase
TRADE through the Port of Newcastle increased slightly in December, compared with the same month in 2021. However, the value of trade increased a significant amount over the...
Zero-tariff rate for lentil imports to India extended
ON 29 December last year, India extended its zero-tariff on lentils through 31 March 2024, a move unrelated to the just-implemented Australia-India Economic Cooperation and Trade...
Capacity shortages a challenge for breakbulk in 2022
CAPACITY shortages and service disruptions created challenges for the entire breakbulk industry in 2022, according to Wallenius Wilhelmsen. The shipping company said the industry...
Wild weather impacts shipping on QLD coast
THE CENTRAL and north Queensland coast has been battered with wild weather over the past days, with some shipping affected. The Bureau of Meteorology has issued a severe weather...
Big year ahead for grain exports
WESTERN Australia is looking at a big year for grain exports, as WA grain growers’ co-operative CBH Group reports record grain volumes for the 2022-23 harvest. The group set the...
"All but abandoned" livestock carrier to be sold
AUSTRALIAN Independent Shipbrokers has been appointed broker in the sale of a ship arrested of Portland, Victoria. Liberian-flagged livestock carrier Yangtze Fortune (IMO:...
Pilbara throughput dips slightly in December
THROUGHPUT figures at Pilbara ports dropped slightly last month. Pilbara Ports Authority said it handled a total of 67.2 million tonnes in December 2022, a 2% decrease compared...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued its tumble last week, hitting on Friday the lowest point in more than a year. The index on Friday (13 January) was 946. This was a decline of 45%...
Provaris and Norwegian Hydrogen to collaborate on hydrogen value-chain projects
AUSTRALIAN energy company Provaris is collaborating with Norwegian Hydrogen to develop green hydrogen value chain projects in the Nordic region. Their intent is to accelerate the...
