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...
NYK develops system to tackle Scope 3 emissions
NYK Line and has announced plans to launch a system to help measure and visualise Scope 3 emissions. NYK and digital services company NTT DATA signed a GHG emissions visualisation...
Government responds to Strategic Fleet Taskforce Report
THE STRATEGIC Fleet Taskforce detailed a path to the establishment of an Australian strategic fleet in its final report, made public on Wednesday (8 November). The government...
Piracy reporting centre launches incident dashboard
THE ReCAAP Information Sharing Centre has launched a dashboard for analysis of piracy and sea robbery incidents. The centre, formed under the the Regional Cooperation Agreement on...
WSC launches whale chart to reduce ship strikes
WORLD Shipping Council has launched the WSC Whale Chart, a navigational aid designed to reduce ship strikes. The whale chart contains coordinates, graphics and measures to help...
Inchcape acquires full ownership of ISS-McKay
INCHCAPE Shipping Services – a British ship agency and services company – has acquired full ownership of ISS-McKay, which was a joint venture set up in 2008 with Inchcape to...
DP World calls for MUA to end its industrial action and to return to the negotiation table
DP WORLD has called on the Maritime Union of Australia to re-engage in “constructive” negotiations and stop its protected industrial action. The MUA commenced protected industrial...
AMSA renews Torres Strait UKC system contract with OMC
THE AUSTRALIAN Maritime Safety Authority has renewed its contract with OMC International to deliver an under-keel clearance management system for the Torres Strait. AMSA said the...
