World Container Index - 5 June 2025
DREWRY’S World Container Index increased 41% to US$3527 per 40-foot container this week ending 5 June. Drewry said the index has increased 70% in the last 4 weeks, as United...
Port of Brisbane unveils Vision 2060
STRENGTHENING the Queensland economy, future-proofing trade and supporting the transition to a more sustainable and efficient port are key aims of Vision 2060, a plan or roadmap...
Andrew Forrest rail against LNG
ANDREW Forrest has hit out at the use of LNG as an intermediate fuel source for the maritime industry at the Nor-Shipping Conference in Oslo, Norway. Speaking on Tuesday, Mr...
Consortium upgrades A3N service
THE PARTNERS in the A3 consortium, ANL, COSCO Shipping and OOCL, will add a seventh ship to the A3N loop in July, upsize the existing fleet and include Ningbo in the port...
GRI flurry continues as June rates soften
RATE rise notifications are piling up in Asia-Australia trades, just as market sources report an unexpected softening of rates for June shipments. Last week there were confident...
World Container Index - 29 May 2025
DREWRY’s World Container Index has seen a jump of 10%, landing at US$2,508 per 40-foot container this week of 29 May. Drewry’s WCI has increased by 21% in the last 3 weeks, as...
MSC again extends Noumea Shuttle
MEDITERRANEAN Shipping Company has enhanced its Noumea Shuttle service, adding and shuffling New Zealand leg calls. “As part of MSC’s optimisation of the Oceania network, we are...
Fewer large losses reported in safety and shipping review
A TREND towards fewer shipping losses continued during 2024, the latest Safety and Shipping Review has revealed. Prepared by insurers Allianz Commercial, the review noted that...
Box ship MSC Elsa 3 sinks off the coast of India
A LIBERIAN-flagged boxship has sunk off the Indian province of Kerala, with authorities fearing possible environmental impact. Local media is reporting that the captain and crew...
World Container Index - 22 May 2025
DREWRY’S World Container Index has seen another increase, rising by 2% to US$2276 per 40-foot container this week. The Drewry WCI composite index increased 2% to US$2276 per...
ZIM zips along in first quarter
ISRAELI carrier Zim Integrated Shipping Services has leapt ahead of rivals in reporting outstanding results for Q1 2025. Consolidated results for the three months ended 31 March...
Mid-June flood of GRI's
ON THE eve of traditional peak imports season lines in trades between all parts of Asia and Australia are hitting shippers with general rate increases of up to USD 300/TEU, while...
Napier Port reports strong performance in first half 2025
NAPIER Port has today (21 May) released its financial results for the first half of 2025, reporting strong earnings amid improved trading conditions. As the freight gateway for...
PIL quadrupled profit in 2024
SINGAPORE’s Pacific International Lines enjoyed a massive rebound in FY 2024, according to results revealed late last week. The company achieved a net profit after tax of USD...
DP World Australia to reconfigure West Swanson Terminal truck-in gates
THE CONTAINER Transport Alliance Australia (CTAA) has revealed DP World Australia is planning to reconfigure the truck in-gates to its West Swanson Terminal (WST) in Melbourne....
