Cosco shipping to shell out US$1.5 billion for 10 containerships
COSCO Shipping has announced an order for 10 new containerships worth US$1.5 billion. Six of the ships are to have a 14,092-TEU capacity – these are slated for delivery from the...
Shipping lines set for more record profit: Drewry
THERE is no end in the near term for the freight-rate fuelled container shipping boom, according to the latest maritime financial research from consultancy Drewry. The research,...
Updates to Hapag-Lloyd’s Australia–New Zealand via Panama service
HAPAG-LLOYD has put out a notice to customers that it will be making changes to its Australia-New Zealand via Panama service (ANP), which travels between the United States, Latin...
Maersk to re-design its ocean network in West and Central Asia
SHIPPING line Maersk is re-designing its ocean network in West and Central Asia that connects countries including India, Bangladesh, Sri Lanka, Pakistan, United Arab Emirates and...
Vic regulator holds hearing for Port of Melbourne inquiry
VICTORIA’S economic regulator, the Essential Services Commission, is conducting its first five-year inquiry into the Port of Melbourne’s compliance with the state government’s...
Connectivity crucial to seafarers’ future welfare
MOBILE satellite communications provider Inmarsat has sponsored a new report, exploring the future of seafaring to 2050. The report offers recommendations on how shipping,...
Europe adopts environmental regulations that will affect freight and trade
THE European Commission has adopted a sweeping package of proposals that aim to reduce the bloc’s emissions by at least 55% by 2030 (compared with 1990 levels). These measures...
MUA announces more Patrick industrial action
THE Maritime Union of Australia is again ratcheting up its campaign of industrial action against Patrick Terminals. The union announced a series of new work stoppages at Patrick’s...
Southern Ports celebrates new trade record
SOUTHERN Ports has announced that its port at Bunbury has achieved an overall trade record for the year 2020-21, of 17.11 million tonnes of throughput. This is up from 16.95...
US$3.6 million paid to Sri Lanka over X-Press Pearl
X-PRESS Feeders has made an initial payment of US$3.6 million after the X-Press Pearl caught fire and sank, creating an environmental catastrophe near Colombo Port. X-Press...
More PIA notices from MUA for Svitzer
THE Maritime Union of Australia has issued notices of protected industrial action for its members employed by Svitzer at the Western Australian ports of Fremantle and Kwinana....
Drewry’s container index shows massive annual increases
MARITIME consulting firm Drewry’s composite World Container Index has increased 4.7% or $397 to $8,795.77 per 40ft container over the past week. It also remains 333% higher that...
Explosion on ship at Jebel Ali port more likely accident than hostile
ON 7 JULY there was an explosion on the container ship Ocean Trader at terminal one of Dubai’s Jebel Ali Port. There have been no indications so far of hostile action causing the...
MSC talks carbon emissions
MSC was named one of the European Union’s top carbon emitters, with an NGO saying it would rank sixth in the bloc if shipping were part of the EU’s emissions trading system. The...
Napier Port reports huge increases in trade in the past quarter
NAPIER Port saw bulk trade volumes increase by nearly 62% and container volumes increase by 8.3% over the third quarter of the New Zealand 2021 financial year. The port said the...
