Forecast indicates continued rate corrosion for shipping industry
NEW data from Container xChange suggests the shipping industry is entering the third quarter with continued rate corrosion as negative market sentiment persists ahead of an...
Container throughput at Brisbane down slightly in June
TOTAL container trade through the Port of Brisbane in June saw a slight decrease over the same month last year, but the rolling 12 months through June saw an uptick in throughput....
Hapag-Lloyd milestone LNG bunkering operation concludes
AN LNG bunkering operation involving Hapag-Lloyd’s new 23,600-TEU ship Berlin Express has concluded in China. Berlin Express was delivered in June this year and is currently on...
Construction begins on PIL's largest LNG dual-fuelled containership
CONSTRUCTION has started on Pacific International Lines’ first 14,000-TEU LNG dual-fuelled containership. A steel-cutting ceremony at China’s Jiangnan Shipyard marked the first...
The DCN Weekly: Episode 56
THE FEDERAL government officially declared an offshore wind zone off the Hunter coast this past week, during a visit to Newcastle....
WA govt and lithium producer investigate reopening freight line to Bunbury
THE WESTERN Australian government is looking at recommissioning a freight line that would connect a lithium mine with Bunbury Port. The government has allocated $3.3 million for a...
World Container Index posts uptick
DREWRY’S composite World Container Index increased by 0.9% this past week to US$1488.13 per 40-foot container. However, compared with the same week in 2022, the index has dropped...
Zim slashes full-year 2023 outlook
CONTAINER liner company Zim has adjusted its full-year outlook for 2023; the company is expecting an EBIT loss of $500 million to $100 million, down from its previous guidance of...
Maersk takes delivery of first methanol containership
MAERSK has taken delivery of its first containership that can run on green methanol. HMD Hull #4168 was built by Hyundai Mipo Dockyard Co. and Hyundai Heavy Industries Co. in...
Smart containers to make up 30% of global box fleet by 2027: report
THE NUMBER of telematics-enabled shipping containers in the global fleet is forecast to grow sixfold over the next five years, according to the Container Census & Leasing Annual...
Freo sees May container uptick
TOTAL container throughput at Fremantle increased in May, compared with the previous month, according to the latest available trade data from Fremantle Ports. In May the port...
Global demurrage and detention charges on the decline: report
AVERAGE demurrage and detention charges have seen a year-on-year decline of 25%, according to the annual Demurrage and Detention Charges Benchmark Report 2023, published by...
SHI completes voyage with autonomous navigation
SAMSUNG Heavy Industries has completed a demonstration of its autonomous navigation technology on a containership in the South China Sea. The South Korean shipbuilder said the...
Construction begins on Melbourne intermodal terminal
CONSTRUCTION has started on the $400-million Somerton Intermodal Terminal – a key hub in Melbourne’s Port Rail Shuttle Network. The Intermodal Terminal Company (ITC) is building...
WCI continues steady decline
THE WORLD Container Index decreased by 1.3% this past week to $1474.32 per 40-foot container. The index and has dropped by 79.1% when compared with the same week last year. The...
