Container trade up in June at Freo
JUNE was the busiest month for container throughput at Fremantle since October last year. Total throughput at the WA port totalled 68,738 TEU in June. This was an increase of 5%...
Maersk Q2 revenue down across the board
MAERSK’s revenue dropped 40% in the second quarter of 2023 and its EBITDA plunged 72%. The company’s Q2 revenue of US$13 billion was down from the US$21.7 billion it posted in the...
First freight trains arrive at Tauranga's inland port
AN INLAND port on New Zealand’s North Island recently welcomed its first two freight trains from the ports of Tauranga and Auckland. The NZ$60 million Ruakura Inland Port is a...
The DCN Weekly: Episode 59
IN THE news this week, a ballot for protected industrial action filed by the Australian Maritime Officers Union received unanimous support from its members working for Poseidon...
The World Container Index rises again
LAST week, Drewry’s World Container Index increased by 11.8% to US$1761.33 per 40-foot container. Following four consecutive weeks of increases, this week’s composite index is the...
Revenue in decline at K Line
JAPAN’S K Line has posted a decline in revenue and ordinary income for the first quarter of the 2023 financial year. Operating revenues for the first quarter of the 2023 financial...
Biosecurity forum tackles risks of pests on containers
AN INTERNATIONAL forum co-hosted by Australia gave industry and government the opportunity to tackle the biosecurity risks of hitchhiker pests on containers. The Department of...
NYK reports decreases in revenues and profits
SHIPPING and logistics conglomerate NYK reported decreases in revenues and profits in the first quarter of the Japanese financial year, which began on 1 April. For the three...
OPINION: Landside container transport costs still under pressure
INTERNATIONAL container trades have been on a roller coaster ride these past two years, with flow-on impacts to landside container logistics in Australia. We’ve come from the...
Methanol engines ordered for six CMA CGM containerships
CMA CGM has ordered methanol-fuelled auxiliary engines for six newbuild containerships. According to Wärtsilä, the company supplying the engines, the six containerships are the...
Hapag-Lloyd completes terminal business acquisition
HAPAG-LLOYD has acquired the entire terminal business of Chilean terminal operator SM SAAM. The transaction includes interests in ten terminals across Chile, the US, Mexico,...
ARTC freight line shutdown for $45m track upgrade
THE AUSTRALIAN Rail Track Corporation has announced a rail shutdown as it works on a $45 million freight line upgrade in New South Wales. Throughout August, ARTC will be carrying...
ONE profit plummets in FY2023 first quarter
OCEAN Network Express has reported a “significant” decline in profits for the first quarter of the 2023 financial year. ONE posted a profit of US$513 million, down 91% from the...
Botany container trade dips in June
PORT Botany saw a 10.4% decrease in total container throughput in June, when compared with the same month last year. The port handled a total of 214,628 TEU in June 2023 – down...
Second-quarter profit and revenue tumble at CMA CGM
CMA CGM posted decreases in revenue and EBITDA in the second quarter of 2023, attributing the results to “difficult” market conditions. Revenue fell 36.9% compared with the second...
