Mærsk upgrades full-year earnings forecast by US$4.5bn
SHIPPING giant A.P. Møller - Mærsk has reported an unaudited revenue of US$12.4bn and an underlying EBITDA of US$4bn and an underlying EBIT of US$ 3.1bn for Q1 2021. “The...
Kuehne+Nagel marks a strong start to 2021
SWISS transport and logistics company Kuehne+Nagel's start to the 2021 business year was marked by a strong demand in transport services, especially for pharma and e-commerce...
Incident alert issued for ships in Indonesian waters
ON 17 April, two incidents occurred to ships while underway off Tanjung Pergam, Bintan Island, Indonesia. The two incidents occurred within an interval of four hours and in close...
Why container freight rates have surged
WHEN the Ever Given megaship blocked traffic in the Suez Canal for almost a week in March, it triggered a new surge in container spot freight rates, which had finally started to...
Biofuels for containerships take a step forward
LOGISTICS company Samskip has come to a formal agreement with sustainable cargo initiative GoodShipping to run part of its fleet on marine biofuels. Samskip claims the initial...
New portable lab for medicinal maggots in container
CONTAINER company Royal Wolf has created a tailored shipping container solution for a Griffith University project investigating the production and use of maggots for medicinal...
Gladstone Port board signals senior management changes
THE Gladstone Ports Corporation Board of Directors announced they had decided to begin a new search for the appointment of a chief executive officer. Craig Walker has been acting...
Shipping bodies call on leaders to discuss market-based measures for decarbonisation
MAJOR international shipping organisations have called on world leaders to urgently examine the role of market-based measures to ensure decarbonisation targets are met across the...
Government trial scheme aims to biosecurity costs for importers
FROM July, the Australian government is set to trial new industry arrangements that aim to reduce biosecurity compliance costs at the border for importers. Minister for...
Singapore boosting maritime innovation and digitalisation initiatives
SINGAPORE’S senior minister of state for foreign Affairs and transport Chee Hong Tat announced two initiatives at the fifth Singapore Maritime Technology Conference. The first...
ONE establishes “green strategy department”
OCCEAN Network Express has established what it calls a “green strategy department” under the company’s product and network division. ONE said the new department would drive the...
UNCTAD urges move toward more liner transparency
THE UNITED Conference on Trade and Development called for more transparency and called for authorities to monitor freight rates and market behaviour. In its Policy Brief 84,...
Botany container trade: Huge volumes continue
CONTAINER trade through Port Botany increased 24% in March, when compared with March last year, according to the latest trade data from NSW Ports. A grand total of 226,069 TEU...
Decrease overall in incidents of armed robbery at sea in Asia
THE latest report from the ReCAAP Information Sharing Centre found a total of 17 incidents of armed robbery against ships (comprising 16 actual incidents and one attempted...
High Court puts an end to marine cargo insurance question
ON 12 April, the High Court brought to an end a question in the case of a marine transit insurance policy. The case, Swashplate Pty Ltd v Liberty Mutual Insurance Company, arose...
