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...
Methanol bunkering a first for Maersk and Singapore
A BUNKERING operation involving Maersk's new methanol containership was a first for the company and for Singapore. Maersk took delivery of its first containership able to run on...
The DCN Weekly: Episode 58
A FIRE broke out on a ro-ro vessel off the coast of the Netherlands this week, with one crewmember reported to have been killed in the blaze....
World container Index inches up again
THE LATEST Drewry World Container Index of US$1575.62 is an increase of 2.5% week-on-week. However, it dropped by 76.7% when compared with the same week last year. The latest...
MOL and K Line sign container terminal expansion agreement
THREE maritime companies have signed an agreement to expand the container terminal in Japan’s Port of Kobe, potentially creating the largest terminal in western Japan. Mitsui...
AIP awarded for ammonia-fuelled containership
CLASSIFICATION society American Bureau of Shipping awarded an approval in principle for an ammonia fuelled container vessel. ABS awarded the AIP to Seaspan Corporation and Mærsk...
SeaRoad opens new facility in Launceston
SEAROAD officially opened its largest northern Tasmanian facility in Launceston on 26 July. The 15,000 square-metre facility includes 5800 square metres of storage area. SeaRoad...
Japan welcomes first LNG-powered containership visit
PORT of Yokohama this week welcomed the first LNG-powered containership to call a Japanese port, according to CMA CGM. The 15,000-TEU CMA CGM Liberty arrived at the port’s Honmoku...
