World Container Index continues steady decline
THE DREWRY World Container Index decreased week-on-week by 2.7% to $1494.46 per 40-foot container this past week. The composite index has dropped by 78.9% when compared with the...
Container freight rate index hits 23-month low
THE LATEST data from the Xeneta Shipping Index showed a decline of 9.4% in long-term global shipping rates in June. This follows a 27.5% decrease in May and a 10.3% fall in April....
Blank sailings at a low: analyst
CONDITIONS in the global container shipping markets are continuing to move towards normalisation, according to shipping industry analyst Sea-Intelligence. “However, a normal...
Botany container trade down in May
PORT Botany saw a slowdown in total container throughput in May, according to the latest available statistics from the port’s manager NSW Ports. Last month, the port handled a...
Detained vessel Shiling begins harbour trials
THE CONTAINERSHIP Shiling was due to commence harbour trials on Monday afternoon ahead of a long-awaited departure from CentrePort Wellington. The Singapore-flagged vessel broke...
Zim to bring digital financing service to Australia
ZIM has expanded its partnership with cross-border trade financing platform 40Seas, with plans to bring the new service to Australia. Zim announced in January it had invested in...
World Container Index continues to fall
DREWRY’S composite World Container Index decreased by 3.5% to US$1535.75 per 40-foot container this week. The index has dropped by 78.9% compared with the same week last year. It...
More protests at Melbourne, Newcastle mark five days of disruptions
A PROTESTER blocked all five tracks of a rail line into Port of Melbourne on Friday morning while another protester climbed inside a stacker reclaimer at the Port of Newcastle....
Maersk to convert ship to run on methanol
MAERSK is getting ready to retrofit an existing containership with a methanol dual-fuel engine. It claims the conversion will be a first for the shipping industry. The conversion,...
Melbourne container throughput dips in May
PORT of Melbourne reported a total container throughput of 254,310 TEU over May, according to the port’s latest available trade statistics. This was a decline of 6.3% over May...
Voyage planning errors, false alarms contributed to Trinity Bay grounding: ATSB
VOYAGE planning errors and spurious false alarms contributed to the grounding of general cargo ship Trinity Bay, the Australian Transport Safety Bureau has found. The 81-metre...
ONE to equip reefers with telematic devices
OCEAN Network Express has announced plans to install telematic devices across its reefer fleet. The devices would allow ONE to monitor conditions in reefer containers, such as...
HMM adds stop to service
Photo] MV. Hyundai Shanghai, deployed on FIL service, called at New Priok Container Terminal One(NPCT1) in Jakarta, Indonesia. HMM has launched a new stop in Indonesia on its FIL...
World Container Index continues to tumble
DREWRY’S composite World Container Index decreased by 5% this week to US$1592.24 per 40-foot container. The index has dropped by 79% compared with the same week last year. It is...
Men charged for attempting to smuggle nearly $1.7 billion worth of illicit drugs
TWO men have been charged with attempting to import methamphetamine from a global criminal syndicate that has attempted to traffic almost $1.7 billion worth of the drug to...
