Plans for stricken containership undetermined
THE STRICKEN containership Shiling remained at sea over the weekend after breaking down off New Zealand. The Singapore-flagged vessel lost power and steering in heavy seas on...
Hapag-Lloyd Q1 results down across the board
HAPAG-Lloyd has posted declines in revenue, freight rates and volumes for the first quarter of 2023. The company concluded the first quarter with an EBITDA of US$2.4 billion, down...
The DCN Weekly: Episode 47
THE FEDERAL budget announced this past week contained significant increases in funding for biosecurity. https://open.spotify.com/episode/5hX2H0ekzZwmUymhJUu2L9?si=075543eb27db4a91...
WA budget commits $136m to ports
WESTERN Australian ports are to receive almost $136 million in new funding under the 2023-24 state budget. The funding targets several projects across the state’s ports, with an...
Containership loses power off NZ
A CONTAINERSHIP lost power off New Zealand’s South Island on Friday, almost prompting an abandon-ship. Twenty-four crew were aboard Singapore-flagged Shiling (IMO: 9290452) when...
Decrease in world container index
DREWRY’S composite World Container Index decreased by 1% last week to $1741.44 per 40-foot container this week. The index has dropped by 77% when compared with the same week last...
Bad weather disrupts shipping at NZ port
HEAVY rainfall and flooding in New Zealand’s North Island disrupted shipping schedules at the port of Auckland this week. The New Zealand government declared a local state of...
OPINION: Container cleanliness may be the next supply-chain disruptor
OVER many years container cleanliness and so-called hitchhiker pests have been issues in the container logistics industry. They have been bubbling away under the surface, with...
Revenue and profit up at NYK
NYK Group has reported increases in revenue and profit for the 12 months to 31 March 2023. The group’s revenue for the fiscal year was ¥2.616 trillion (around $28.6 billion), a...
Man jailed over "putrid" meth haul in container full of cow skins
A MAN was sentenced to 22 years in jail for attempting to import 668 kilograms of methamphetamine into Australia in a shipping container full of rotting, raw cow hides. The...
ICTSI first-quarter results show increases
INTERNATIONAL Container Terminal Services reported an increase in revenues, net income and EBITDA in its first-quarter financial results. ICTSI operates 33 terminals, including...
Hapag-Lloyd introduces green shipping service
HAPAG-Lloyd is introducing a new service called Ship Green, which it says is for climate-friendly transportation based on biofuel. The ocean carrier said the service is accessible...
World Container Index increases
THE LATEST Drewry World Container Index increased by 1% last week, but has dropped 77% compared with the same week last year. The latest Drewry WCI composite index of $1,763 per...
The DCN Weekly: Episode 46
IN the news this week: Qube announced two acquisitions – one a 50% stake in a New Zealand-based container logistics company and 100% of an Australian bulk haulage specialist....
63 alternative fuel vessels ordered this year
IN APRIL, 19 vessels with alternative fuel propulsion were ordered, according to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform. Of those vessels ordered,...
