Hapag-Lloyd profit tumbles in H1
HAPAG-LLOYD’S profit fell 66% in the first half of this year and almost 78% in the second quarter. The company’s first-half profit dropped from US$9.5 billion last year to US$3.1...
World Container Index inches up again
THE LATEST Drewry World Container Index increased by 1.7% to US$1790.60 per 40-foot container this past week. The WCI and has dropped by 72.2% when compared with the same week...
The DCN Weekly: Episode 60
IN THE news this week, Silk Logistics acquired port and bulk logistics provider Secon in a deal announced last Friday....
Transport minister talks freight transformation at SAL luncheon
NSW transport minister Jo Haylen shared her vision for a less fragmented freight system during her presentation at Shipping Australia’s NSW Parliamentary Luncheon. Ms Haylen...
Reefer trades resilient in tough times: Drewry
REEFER container freight rates continue to outperform the dry cargo trade, despite an unprecedented contraction in reefer seaborne trade last year, according to maritime...
OOCL receives its fourth 24,188-TEU containership
ORIENT Overseas Container Line this week received its fourth new 24,188-TEU containership. OOCL Felixstowe was officially named at a ceremony on 8 August at the Dalian COSCO KHI...
Patrick welcomes Maersk's rainbow container
MAERSK’S elusive rainbow container turned up at Port Botany this week. Patrick Terminals welcomed the 40-foot symbol of diversity and inclusion at its Sydney AutoStrad. The...
MOL and MSC join decarbonisation coalitions
MITSUI O.S.K. Lines and MSC have joined coalitions aiming to decarbonise the shipping industry. MOL has signed a five-year impact partnership agreement with the Global Centre for...
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...
