Container shipping market on track to normalisation, analyst says
THE LATEST shipping market overview and outlook from BIMCO indicates the container market is on track to normalisation. Shipping association BIMCO publishes shipping market...
UNCTAD calls for greater investment in ports and shipping
THE UNITED Nations Conference on Trade and Development is calling for greater investment in ports, shipping fleets and landside logistics. UNCTAD explored issues in the maritime...
Biosecurity Act amendments increase fines
NEW amendments, to the Biosecurity Act 2015 will increase penalties for breaches of the act. These amendments, which passed Parliament this week, allow the government to react...
Ammonia-fuelled bulker gains approval in principle
CLASSNK has issued an Approval in Principle for an ammonia-fuelled 200,000-DWT bulk carrier. The vessel was jointly developed by Itochu Corporation, Nihon Shipyard, Mitsui E&S...
Early works begin on NSW Inland Rail section
THE AUSTRALIAN Rail Track Corporation has commenced early works along the Albury to Illabo (A21) Inland Rail section. ARTC said the New South Wales minister for planning declared...
New methanol-fuelled tanker named
PROMAN Stena Bulk formally named its first newbuild IMOIIMeMAX methanol-fuelled 49,900 DWT vessel, Stena Pro Patria, in a ceremony hosted in Trinidad and Tobago on 23 November....
2022 DCN Australian Shipping & Maritime Industry Awards Winners Brochure
THE WINNERS Brochure for the 2022 DCN Australian Shipping & Maritime Industry Awards is now live. Click here to read the 2022 DCN Awards Winners Brochure, complete with all the...
Baltic Exchange Market Report
THE BALTIC Dry Index ended last week on an increase. Friday’s BDI was 1324, up from the previous Monday’s 1177. A week on the up: the Baltic Dry Index for the week ending 25...
Inland Rail section opens for freight
EIGHTY-THREE kilometres of upgraded Inland Rail track is now open. The Australian Rail Track Corporation confirmed today (25 November) it has completed work on a section of track...
Inmarsat to launch maritime safety terminal
INMARSAT has unveiled plans for a next-generation maritime safety terminal. The satellite communications company intends to connect the new terminal to Inmarsat’s ELERA L-band...
Increases in trade at Botany and Kembla
CONTAINER trade at Port Botany last month saw an increase, with upticks in both export and import volumes. In October 2022, the port handled a total of 252,425 TEU – an increase...
Shipping lines join forces with power company on ammonia study
MITSUI O.S.K. Lines, NYK Line and Japanese power generation company Jera are launching a joint study on transporting ammonia as a fuel. The two shipping companies signed a...
Hydrogen export project in Tiwi Islands progresses
PROVARIS’ project in the Tiwi Islands to develop a hydrogen production and export facility has advanced with several appointments across key workstreams. The company said the...
Spirit Super and Stonepeak to acquire GeelongPort
AUSTRALIAN super fund Spirit Super and US investment firm Stonepeak have agreed to acquire GeelongPort. Spirit Super and Stonepeak signed the definitive agreement on Sunday (20...
Direct shipping between Tasmania and NZ begins
A DIRECT shipping service between Tasmania and New Zealand commenced last week. The launch of the new service was marked as general cargo vessel Muntgracht received the first...
