2022 record year for tanker derivative volumes
THE DERIVATIVES market for clean and dirty tankers saw increased traded volumes in 2022, according to data from the Baltic Exchange. Tanker-forward freight agreement volumes hit...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued a steep decline this past week, hitting 1130 on Friday. The decline began after the index saw a peak of 1723 on 21 December; it has declined every...
275 alternative-fuelled ships ordered in 2022
TWO hundred seventy five ships with alternative fuels (excluding battery-operated vessels) were ordered in 2022, according to DNV’s recently published Alternative Fuels Insight...
First shipment from lithium mine loads at Darwin
THE FIRST shipment of lithium from Core Lithium’s Finniss Lithium mine began loading onto the bulker Rossana at the Port of Darwin last week. Construction on the mine began in...
Merry Christmas and happy New Year to all our readers
AS 2022 draws to a close all of us here on the DCN news desk would like to wish our readers a merry Christmas and a safe, happy and prosperous New Year. We hope the coming weeks...
TOP STORIES OF 2022: Captain of Interlink Veracity charged for alleged drug smuggling
AUSTRALIAN Federal Police in May charged the 51-year-old master of bulk carrier Interlink Veracity for his alleged role in the plot to import 320 kilograms of cocaine into...
Iberdrola to invest €1.1 billion in Tasmanian green hydrogen and methanol plant
SPANISH energy giant Iberdrola has announced intentions to invest more than €1.1 billion (around $1.7 billion) in a green hydrogen and methanol plant in Tasmania. Iberdrola is...
Qube acquires 12 locos for new interstate service
QUBE has acquired 12 new locomotives from Progress Rail, one of the largest providers of rolling stock and infrastructure for the global rail industry. The 12 locomotives are all...
First grain load received at new SA port facility
SOUTH Australian port infrastructure company T-Ports has received its first load of grain at the new Wallaroo transhipment port facility. T-Ports announced the milestone along...
Pilbara Ports see November cargo increase
THROUGHPUT at the ports of the Pilbara has seen an increase in November. According to the latest statistics from the Pilbara Ports Authority, there was an increase of 7% in...
Baltic Exchange weekly market report
THE BALTIC Dry Index rounded out last week on a high, hitting 1560, the highest it has been since late October. The Baltic Dry Index for the week ending 16 December 2022. Source:...
Port master planning process continues for these Queensland ports
THE QUEENSLAND Department of Transport and Main Roads is undertaking public consultation on the draft master plans and overlays for three of North Queensland Bulk Ports’ ports....
Authorities have intercepted more than 700 drug hauls this year
AUSTRALIAN authorities have announced they intercepted and seized more than 700 drug consignments sent in air and sea freight this year. The Australian Border Force and Australian...
Provaris obtains design approval for compressed hydrogen carrier
AUSTRALIAN energy company Provaris has received design approval for its H2Neo compressed hydrogen carrier. Classification society American Bureau of Shipping (ABS) reviewed,...
Big harvest leads to big bulk grain exports
AUSTRALIA’S bulk grain exports were 40.6 million tonnes for 2021-22 and exceeded the previous season’s record by 22%, according to the ACCC’s most recent Bulk Grain Ports...
