Napier's revenue grows despite "significant" drop in trade volumes
NAPIER Port has reported an increase in revenue for the year to 30 September 2023 despite a “significant reduction” in trade volumes. The North Island port’s revenue grew 3.4% to...
Additional industrial action announced at DP World in wake of cyberattack
THE MARITIME Union of Australia will continue with protected industrial action at DP World terminals as it recovers from a cyberattack that halted operations at its four...
Cocaine seized from reefer at Tauranga
Authorities in New Zealand have intercepted about 35 kilograms of cocaine in a reefer at the Port of Tauranga. NZ Customs Service said they uncovered the haul during a routine...
Maersk makes trans-Tasman service changes
MAERSK announced changes to its trans-Tasman Polaris service, affecting ports in both Australia and New Zealand. In an advisory, Maersk said the changes were following the...
Protesters target Israeli line at Botany and Melbourne
PROTESTERS have been targeting the Israeli shipping company Zim at Port Botany and the port of Melbourne. There is concern that protest activity may flare up again as other Zim...
Tassie container volumes increase
TASPORTS has reported a drop in total cargo volumes for the first quarter of the 2024 financial year, but an increase in container volumes. The ports in the TasPorts network...
DP World terminals resume operations after cyberattack (updated)
OPERATIONS at DP World’s Australia terminals are resuming after its IT systems were shut down, crippling throughput at the terminals after a cyberattack on Friday. Landside...
CMA CGM’s Q3 results reflect downturn in container shipping
FRENCH ocean carrier CMA CGM reported significant downturns in revenues, driven in large part by tumbling revenues from its shipping division. The company said its shipping...
Cyberattacks: the marine insurance perspective
By Maurice Lynch and Jason Symons, partners, Mills Oakley Australia is amid a tumultuous period of cyber upheaval. Last weekend, another large Australian business was exposed to a...
DP World terminals impacted in “cybersecurity incident”, company working to restore operations
A "CYBERSECURITY incident" has impacted operations at container terminal operator DP World's Australian operations. The company said it is working “around the clock” to restore...
Nine-month revenue, earnings and volumes up at ICTSI
INTERNATIONAL Container Terminal Services (ICTSI) has reported an EBITDA of US$1.11 billion for the first nine months of 2023, a 7% increase on the same period last year. Revenue...
New ship and port calls on trans-Tasman service
ANL is adding an additional vessel and three new port calls to its trans-Tasman service Tranztas (TTZ). ANL announced it would deploy the containership Palawan on the service and...
The DCN Weekly: Episode 73
A STRATEGIC Fleet Taskforce report was released to the public this week, along with the government's response to its recommendations....
Hapag-Lloyd profits down while volumes flat for first three quarters of 23
HAPAG-Lloyd’s results for the first three quarters of 2023 showed a decline in revenue, earnings and profits on the back of static volumes, due to what the company called a...
Another weekly increase for the WCI
THE DREWRY World Container index posted a weekly increase of 7% this past week, hitting US$1504 per 40-foot container. However, the index has dropped by 46% when compared with the...
