Container shipping industry must brace for higher costs
RESEARCH firm Drewry reports that the container shipping sector is either already facing or about to face higher costs. This comes amidst booming stocks and rising profitability...
WA takes tough stance on COVID onboard ships
THE Western Australian government has updated the protocols for vessels arriving at its ports, effective immediately, with tougher requirements for crew testing and vaccination...
Maersk announces big Q2 profits, with continued increases on the cards
A.P. Møller – Maersk’s revenue for the second quarter of 2021 was a whopping US$14.2 billion. The company’s EBITDA (earnings before interest, taxes, depreciation, and...
The colours of the (hydrogen) rainbow
By maritime and logistics professional Mark Cooper Like many of us in the shipping industry you may have noticed increasing discussion around hydrogen and its potential to...
PSA Group launches inaugural sustainability report
PSA International has launched its inaugural sustainability report 2020 entitled Green Horizons: Enabling a Better World Through Sustainable Port and Supply Chain Solutions,...
New Women in Maritime association holds inaugural event
WOMEN in maritime took centre stage at the inauguration of the Women in Maritime of West and Central Africa (WIMOWCA), the newest IMO-supported regional association for women in...
Industry body reiterates call for new federal regulator for shipping
THE Freight and Trade Alliance has reiterated its call for the federal government to establish a new regulator, “along the lines of the US Federal Maritime Commission”. In formal...
Record performance for GEODIS in the first half of 2021
IN the first half of 2021, logistics group GEODIS has achieved revenues of €4.865 billion, up 21% compared to 2020, resulting from sustained activity recorded in all the group's...
ARTC awards contracts for Botany rail project
THE Australian Rail and Track Corporation has awarded major contracts for the $400-million Port Botany rail duplication project and the Cabramatta loop projects. The contract to...
ONE first-quarter profit increases 1432% on 1Q2020
OCEAN Network Express’ first-quarter results for the 2021 financial year showed a tremendous increase in profits for the container line. The company reported US$2.559 billion in...
Delays, industrial action at Patrick’s Sydney terminal lead to lines omitting calls
ON Thursday evening, the Maritime Union of Australia gave notice of more protected industrial action at Patrick’s Brisbane AutoStrad terminal. The industrial action includes...
Hapag-Lloyd expects half-year EBIT nearly six times higher than last year
BASED on preliminary figures, shipping line Hapag-Lloyd expects for the first half of 2021 an EBITDA of around US$4.2 billion (€3.5 billion) compared to around US$1.3 billion...
Trident Taskforce seizes drugs and chemicals in joint operation
AS part of a joint drug trafficking investigation, detectives from the Trident Taskforce have arrested two people and seized significant quantities of Gamma Butyrolactone (GBL)...
Report warns of looming officer shortage
THE recently released Seafarer Workforce Report from BIMCO and the International Chamber of Shipping warns that the industry must significantly increase training and recruitment...
Townsville commissions new crane
PORT of Townsville has officially commissioned its new $30-million Berth 4 Crane and Cargo Terminal. The terminal’s completion was marked by the debut of the Port’s new Liebherr...
