PacBasin hits the meths
BULK carrier giant Pacific Basin Shipping has signed a methanol supply deal to support its fleet transition to dual-fuel, low emissions vessels. The MOU with The Hong Kong and...
Tanker moved to anchorage after losing power
A HONG Kong-flagged tanker was moved to an outer anchorage near Geelong after temporarily losing power early Thursday morning. The Silver Sawsan (IMO: 9718882), a 183metre vessel...
Strong buyer interest in Whyalla port and steelworks
ADMINISTRATORS of South Australia’s Port of Whyalla and the Whyalla Steelworks have begun marketing it as a bundled ‘pit to port’ operation. There had been a legal dispute over...
Legislation introduced to ban sale of Pilbara bulk handling facility
LEGISLATION is to be introduced into the West Australian Parliament to prevent the future sale of the Utah Point Bulk Handling Facility in the Pilbara to private owners. The Labor...
Rio and Rinehart invest US$1.6 billion in Pilbara mine
NEW RAILWAY crossings, haul roads and a six-kilometre realignment of Great Northern Highway will be part of a US$1.6 billion investment by Rio Tinto and Hancock Prospecting in...
Provaris signs K Line to help commercialise hydrogen carriers
SYDNEY- And Oslo-based compressed hydrogen proponent Provaris Energy has signed a MOU with Japan’s K Line to accelerate the company’s commercialisation of hydrogen carriers. K...
Strait of Hormuz tensions raise questions for Australian fuel supply
CONFLICT in the Middle East has raised the spectre of a damaging closure of the Strait of Hormuz, the entry point to the Persian Gulf. Around 20 million barrels worth of oil is...
Baltic Exchange Weekly Report - 20 June 2025
Capesize The Capesize market trended downward this week, with sentiment consistently softening, particularly in the Pacific. C5 rates came under pressure as iron ore volumes from...
Optimising ocean currents to create a cleaner shipping sector
A ‘GOOGLE Maps for the sea’ is the description of a new algorithm aimed at improving shipping’s environmental performance. The algorithm seeks to allow the shipping industry to...
Funding to boost critical mineral supply lines in Northern Australia
THE FEDERAL government aims to boost supply lines for critical minerals in Northern Australia. The Northern Australia Infrastructure Facility (NAIF) will invest up to $50 million...
MOL Chemical Tankers takes delivery of Fairchem Pinnacle
SINGAPORE-based MOL Chemical Tankers has taken delivery of Fairchem Pinnacle, the fourth in a series of 26,360 DWT dual-fuel vessels built by Fukuoka Zosen. MOL Chemical Tankers,...
Kwinana smelter for Pilbara ore a step closer
A PROJECT to build Australia’s biggest ironmaking electric smelting furnace at Kwinana, south of Perth, using Pilbara iron ore is a step closer to reality. A consortium of...
Shipping industry confident Strait of Hormuz will remain open
INDUSTRY body Shipping Australia believes the Strait of Hormuz is likely to remain open, despite the escalating conflict between Israel and Iran. Several media reports have raised...
Baltic Exchange Weekly Report - 13 June 2025
Capesize The Capesize market displayed a steady yet nuanced performance this week, starting on a subdued note due to European holidays but gaining traction as the days progressed....
Freight panel backs port diversification at Newcastle and Kembla
A PAPER prepared by the Freight Reform Advisory Panel has backed trade diversification at Newcastle and Port Kembla, as mineral trades decline. The paper was prepared by Kerry...
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