Qube acquires Stevenson Logistics
QUBE has entered an agreement to acquire Stevenson Logistics, a transport and logistics firm based in Fremantle. In an announcement to Stevenson Logistics customers last week,...
MUA announces more industrial action at DP World
THE MARITIME Union of Australia has announced yet more protected industrial action at DP World terminals in Brisbane, Sydney, Melbourne and Fremantle. The union commenced...
Maersk to cut 10,000 jobs from global workforce
MAERSK intends to reduce its global workforce by about 10,000 positions to deal with challenging market conditions and a “worsening” price outlook in its Ocean segment. Maersk was...
Inland Rail completes first Victorian project
INLAND RAIL has completed the first of 12 projects in Victoria. The first project involved lowering the track under a bridge in Barnawartha North, on the Victorian border near...
The DCN Weekly: Episode 72
THE MARITIME Union of Australia announced more protected industrial action at DP World's four Australia terminals this week....
World Container Index increases
THE DREWRY World Container Index this past week increased by 5% to US$1406 per 40-foot container. This is the first increase since the index peaked on 17 August at US$1832. This...
Container management platform to launch at Melbourne terminal
PATRICK Terminals and OneStop are launching container management platform OptiBook at Patrick’s Melbourne terminal. OptiBook is integrated with the OneStop Vehicle Booking System....
VICT to hike landside charges
VICTORIA International Container Terminal is increasing many of its landside fees from 1 January. The Melbourne terminal operator is increasing nearly all of its fees, according...
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...
