Containerline VASI Shipping collapses
A CONTAINER LINE that briefly dabbled in Australian trades during the COVID years has gone bankrupt, owing creditors US$19 million. VASI Shipping, founded in Singapore in 2012,...
World Container Index – 10 April 2025
DREWRY'S World Container Index increased by 3% to US$2265 per 40ft container this week ending 10 April. Source: Drewry World Container Index The Drewry WCI composite index rose 3%...
Patrick and MUA seal enterprise agreement deal
PATRICK Terminals has announced it has secured a “historic” roll-over agreement with the Maritime Union of Australia (MUA), which will see Patrick’s Enterprise Agreement extended...
My Therese Blank leaves Maersk
SHIPPING leader My Therese Blank has left her position as Head of Oceania Market at Maersk Line, sending shockwaves through the local industry. With news filtering out in the last...
LNG-powered CMA CGM Baalbeck arrives in Fremantle
THE FIRST LNG-powered container ship to visit Australia has arrived in Fremantle. The CMA CGM Baalbeck arrived in Fremantle on April 6 from Adelaide before heading to Port Klang....
No dedicated lookouts on collision vessels
THE INTERIM report of the UK’s Marine Accident Investigation Branch into the 10 March collision between containership Solong and tanker Stena Immaculate has revealed neither...
Construction to begin on sail-powered container ship
CONSTRUCTION is set to begin on a “world’s first” open-hatch sail-powered container ship developed by French company Windcoop. The company confirmed that, following four years of...
World Container Index – 3 April 2025
DREWRY'S World Container Index increased 2% to USUS$2208 per 40ft container this week, 79% below the previous pandemic peak of US$10,377 in September 2021. Source: Drewry World...
Rates merry-go-round continues
WITH Drewry's World Container Index taking a modest U-turn this week, spot rates between China and Australia have continued their modest recovery, encouraging carriers to attempt...
New seasonal omissions for PAD/NASP service
PARTNERS CMA CGM and Marfret are to begin seasonal port omissions on the weekly PAD/NASP service linking ANZ, East Coast North America, Europe and the South Pacific as they battle...
Fremantle container throughput plummets in February
CONTAINER throughput in February at Fremantle Ports was at its lowest in a number of years, according to the latest trade statistics from Fremantle Ports. In February, a total of...
Townsville trade drops in February
CONTAINER throughput at the Port of Townsville for February was down on January’s numbers, according to the latest available trade statistics from the port. Through the month, a...
New EU customs, Med ECA regs kick in
SIGNIFICANT changes affecting shippers to/from Europe come into effect today and next month, carriers are reminding customers. Hapag-Lloyd says that as previously communicated in...
World Container Index – 27 March 2025
DREWRY'S World Container Index decreased 4% to $2,168 per 40ft container for the week of 27 March. Source: Drewry World Container Index This is 79% below the previous pandemic...
PSA International, DNV and PIL sign decarbonisation MoU
PSA INTERNATIONAL, DNV Singapore, and Pacific International Lines have announced the signing of a Memorandum of Understanding in order to collaborate on decarbonisation...
