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...
AMSA to sharpen focus on deficiencies and detention rates in Aussie waters
THE AUSTRALIAN Maritime Safety Authority has released its National Compliance Plan 2023-24 outlining plans to strengthen focus on maritime issues in Australian waters. The...
Registrations open for ICHCA Melbourne luncheon
THE INTENRATIONAL Cargo Handling Co-ordination Association Australia is hosting its Melbourne Industry Luncheon next month. The event will take place at Four Points by Sheraton in...
Royal Wolf building new, environmentally friendly facility
SHIPPING container company Royal Wolf is building a new facility at Kooragang Island in Newcastle; construction is slated to be complete in August. The new facility is to feature...
World Container Index increases second week in a row
THE WORLD Container index increased this past week by 3.3% to US$1536.86 per 40-foot container. The index, which measures weekly ocean freight rate movements of 40-foot containers...
The DCN Weekly: Episode 57
THIS week, AMSA halted the tender process for the contract to maintain aids to navigation around Australia for the next 10 years. Also in the news, the product tanker Nord Vision...
