Zim IPO pricing announced
SHIPPING line Zim announced the pricing of its initial public offering of 14.5 million ordinary shares at a price of US$15.00 each. The ordinary shares are expected to begin...
OPINION: Are container carriers price gouging?
Source: Sea Intelligence WITH container spot rates far exceeding all past records in most trades, container carriers and their pricing behaviour are coming under increased...
MSC CEO backs industry campaign for seafarers
SHIPPING line MSC has joined with peers across the maritime value chain to call for action to end the crew change crisis caused by COVID-19. Hundreds of thousands of seafarers are...
LETTER TO THE DCN: What SAL didn’t mention in its empty container article
I WOULD like to comment on the recent explainer article on the build-up of empty containers in Australia by Shipping Australia, which was recently published in the DCN. Whilst I...
UPDATE: Maersk Essen heads to Mexico
MAERSK Essen is heading to Lazaro Cardenas, Mexico, after losing some 750 containers overboard in heavy seas on 16 January. According to a statement from Maersk obtained by DCN,...
Trinity Bay grounds north of Cairns, ATSB investigates
TRINITY Bay grounded on Harrington Shoal on 19 January in light winds and calm seas while transiting the Great Barrier Reef on a regular voyage from Thursday Island to Cairns. The...
Melbourne container throughput sees increase in December
PORT of Melbourne saw a strong month for container throughput in December, with a total throughput of 260,925 TEU – 4% more than throughput in December 2019. A statement from the...
DNV GL approves wing sail propulsion system
REGISTRAR and classification society DNV GL has awarded an approval in principle to Korea Shipbuilding and Offshore Engineering for a wing-sail auxiliary propulsion system for...
Inmarsat passes 10K vessel Fleet Xpress installations
MOBILE satellite communications provider, Inmarsat, has completed its 10,000th Fleet Xpress ship installation. The company has also launched a new Fleet Data Academy with existing...
Maersk Essen loses 750 containers en route to LA
MAERSK Essen (IMO 9456783) lost up to 750 containers on 16 January during a voyage between Xiamen and Los Angeles, according to a report from WK Webster. According to...
Singapore to vaccinate more than 10,000 maritime personnel
SINGAPORE announced plans to vaccinate more than 10,000 frontline maritime workers against COVID-19 by the end of this month. The Maritime and Port Authority (MPA) of Singapore...
Jail for cigarette smugglers
TWO men were sentenced to almost five years in jail after ABF officers intercepted a 40-foot container in Fremantle that contained 9.5 million illicit cigarettes. The importation...
MUA withdraws PIA notices for Svitzer
THE MARITIME Union has withdrawn protected industrial action notices in ports covered by Svitzer Australia’s National Towage Enterprise Agreement. The two PIA notices were...
Logistics provider appoints APAC chief
GLOBAL logistics provider DB Schenker has named Dr Niklas Wilmking as its new CEO for the Asia Pacific region. Dr Wilmking was most recently executive vice president of global...
OOCL reports uptick in volumes for Q4 2020
OOCL had a very good fourth quarter of 2020, as well as a fairly strong 12 months to 31 December. During Q4 2020, OOCL’s total volumes were up 23.7% on the same period in 2019,...
