VICT receives ASCs
VICTORIA International Container Terminal has received a delivery of six automated stacking cranes. VICT purchased the equipment as part of an ongoing expansion projects. The new...
The DCN Weekly: Episode 61
IN THE news this week, the CEO of Ports Victoria announced his resignation. https://open.spotify.com/episode/5kwaLRsZBbpHljoyydM6ai?si=2443c9a60ece41eb Also this week, Port of...
World Container Index posts another week of modest gains
THE LATEST Drewry World Container Index increased by 2.3% to US$1832.48 per 40-foot container this past week. However, the WCI has dropped by 70.6% when compared with the same...
Zim sees grim second quarter
CONTAINER shipping line Zim’s financial results for the second quarter of 2023 show a slight increase in volumes, but revenues and profits falling off a cliff. The company’s net...
Earnings and volumes drop at Napier Port
NAPIER Port has reported reduced earnings and container volumes for the nine months ended 30 June 2023. The North Island port attributed the results to the impact of Cyclone...
DP World aims to increase global capacity
DP WORLD aims to add about 3 million TEU of new container-handling capacity to its international operations by the end of this year. The Dubai-based container terminal operator...
Boxes burned in containership blaze
A FIRE on a containership off the Malaysian coast appears to be under control, but 24 containers have reportedly been affected. Fire broke out on KMTC Shenzhen (IMO 9626417) on 12...
Tasmanian trade decreased in FY22
TASMANIAN ports handled a total of 14.513 million tonnes over the 2022-23 financial year, according to the most recent data from state ports operator TasPorts. Last year’s total...
Melbourne container trade dips in June
TOTAL container throughput at the Port of Melbourne dipped in June this year compared with the same month in 2022. The port handled a total of 258,073 TEU in June 2023, which was...
Police call for public assistance in sea-freight meth bust
AUTHORITIES are appealing for public information after 60 kilograms of methamphetamine was found in a sea-freight consignment shipped from Canada. Australian Border Force officers...
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...
