Investment in global expansion delivers for Wiseway
AUSTRALIAN integrated freight and logistics operator Wiseway has reported an 11.8% growth in revenue in the first half of financial year 2022, compared to the previous...
Missiles hit ships in Black Sea
IMPACTS of the Russia-Ukraine conflict have overflowed into the maritime industry; some merchant ships have been struck by bombs and missiles and another seized under sanctions....
Agreement signed with Mid West Ports for vanadium project
MINING company Australian Vanadium Limited has announced an agreement with Mid West Ports Authority for the future use of facilities and services at Geraldton Port for its...
Queensland floods cause havoc at Port of Brisbane
SEVERE rainfall and flooding in South East Queensland over the past week has disrupted operations at the Port of Brisbane. Several days of intense rainfall damaged properties and...
Baltic Exchange Weekly Report - 25 February 2022
THE Baltic Dry Index last week saw an upturn in the beginning of the week, followed by a slight decline in the later half of the week, as the situation in the Black Sea region...
PIL launches China to East Africa service
PACIFIC International Lines has announced the launch of two weekly direct services designed to enhance its China to East Africa service – known as EAS and EA3. “This will allow...
Increasing revenue and increasing costs in Qube’s half-year results
QUBE Holdings reported a dip of 2.6% in profit to $56.3 million (NPAT) for the first half of the 2022 financial year. At the same time, the company reported a 26.7% increase in...
New National Intermodal Corporation to support Inland Rail
THE Australian government has announced the establishment of the National Intermodal Corporation to support the Inland Rail project. National Intermodal will facilitate the...
AAL releases design of third generation newbuilds
AAL Shipping has announced details of its third-generation newbuilding plan with the order of six 32,000 deadweight (DWT) premium project multipurpose vessels and classifying them...
Wellard managing to turn the ship around
LIVESTOCK shipping company, Australian-listed Wellard Ltd, has recorded a profit of US$0.5 million in the first half of FY22, a marked improvement on the US$1.6 million loss...
Tribunal overrides ACCC decision on collective bargaining at Port of Newcastle
THE Australian Competition Tribunal on Friday reversed a 2020 ACCC decision to allow the NSW Minerals Council and 10 mining companies to collectively negotiate the price of access...
Global trade continues to grow, but is expected to slow
UNCTAD’s Global Trade Update reveals that global trade reached a record high in 2021, about US$28.5 trillion, an increase of almost 13% relative to pre-pandemic levels. Data from...
Australia’s new biofouling requirements
THERE are new rules for managing biofouling for international vessels arriving in Australia that will come into effect on 15 June 2022. Under the requirements, operators of all...
Baltic Exchange Weekly Report - 17 February 2022
THE BALTIC Dry Index last week remained flat after a steep incline following a period of long decline. The BDI on Friday (18 February) was 1964, a very slight decrease on the...
Devonport salvors remove fuel from sunken tugs
SALVORS at the Port of Devonport have recovered more than 18,000 litres of oil and fuel from submerged tugs Campbell Cove and York Cove. As the response continues at the Port of...
