Maersk marks 30 years in Australia with seven new facilities
MAERSK has announced the opening of seven new facilities across the country as it marks its 30 years in Australia. Six of the seven new facilities will be omnichannel fulfilment...
ONE profits fall 97% in Q2
OCEAN Network Express has reported a 97% decrease in net profit after tax for the second quarter of the 2023 financial year. ONE’s second-quarter NPAT came to US$187 million,...
NZ port's underlying NPAT up 48% in FY 2023
CENTREPORT Wellington has reported an underlying net profit after tax of NZ11.9 million for the year ended 30 June 3023, up 48% from NZ$8 million the prior year. The North Island...
Industrial action causes throughput to plummet: DP World
DP WORLD said throughput volumes at its Australian terminals have dropped by around 30 to 40% since the Maritime Union of Australia commenced protected industrial action in early...
Further industrial action at DP World terminals
FURTHER industrial action has been announced for DP World’s Australia terminals. DP World announced in a statement that the Maritime Union of Australia had given notice of work...
Cargo volumes drop at Port of Tauranga
PORT of Tauranga has reported a drop in cargo volumes for the first quarter of the 2024 financial year. In the three months to 30 September, total trade was down 9% in volume...
World container index at lowest point in three years
THE DREWRY World Container Index dropped by 2% this past week. The composite index decreased by 2% to US$1342. The WCI has dropped by 57% when compared with the same week last...
The DCN Weekly: Episode 71
IN THE news this week, the Maritime Union of Australia announced more protected industrial action at DP World’s Australian terminals....
Kuehne+Nagel sees volume trend reverse in Sea Logistics
KUEHNE+NAGEL has reported a return to volume growth in its Sea Logistics business unit in the third quarter of 2023. EBIT in Sea Logistics amounted to CHF 875 million (about $1.5...
Crowley moves to launch LNG bunkering on Pacific side of Panama Canal
SHIPPING and energy logistics company Crowley said it is proceeding with plans to launch LNG bunkering on the Pacific side of the Panama Canal. Crowley would provide LNG bunkering...
ONE trials electric bunker delivery note
OCEAN Network Express and Shell have trialled an electric bunker delivery note (e-BDN) with support from the Maritime and Port Authority of Singapore. The e-BDN trial was...
Stonepeak to acquire container lessor for US$7 billion
INVESTMENT firm Stonepeak – which owns 70% of GeelongPort – is to acquire intermodal container lessor Textainer in a transaction valued at US$7.4 billion. Textainer announced over...
More industrial action at DP World
THE MARITIME Union of Australia has announced a new batch of protected industrial action at DP World’s Australia terminals, and the company, in a statement, has called on the...
The DCN Weekly: Episode 70
IN the news this week: Western Australia’s Shipping and Supply Chain Taskforce has recommended policy and regulatory reforms to support Australian-owned shipping lines competing...
Drug bust: 50 kilos of cocaine in containerised shipment
AUSTRALIAN Federal Police has launched an investigation after 50 kilograms of cocaine was found hidden inside a containerised shipment of plastic furniture bound for Sydney from...
