Maersk announces new executive team and organisational structure
MAERSK is changing its organisational structure, starting with the appointment of a new executive leadership team. The changes will come into effect on 1 February 2023. They...
Zim invests in fintech platform
NEW York Stock Exchange-listed shipping line Zim has invested in international trade fintech startup 40Seas. The tech company raised US$111 million to deliver its financing...
PC report fuels more port efficiency discussions
INDUSTRIAL relations, terminal access charges and landside efficiency have emerged as some of the main talking points of the Productivity Commission’s report on Australia’s...
Inflation and recession biggest concerns for 2023
SUPPLY-chain leaders see inflation and recession as the biggest factors for business in the coming year, according to a recent report from online logistics platform Container...
PC maintains views on port inefficiencies in finalised report
THE PRODUCTIVITY Commission on Monday (9 January) released its inquiry report into Australia’s maritime logistics system. The report, Lifting productivity at Australia’s container...
World Container Index increases for the first time in 43 weeks
DREWRY’S composite World Container Index increased by 0.7% to US$2135.16 per 40-foot container this week – the first increase in 43 weeks. While the index increased this week, it...
275 alternative-fuelled ships ordered in 2022
TWO hundred seventy five ships with alternative fuels (excluding battery-operated vessels) were ordered in 2022, according to DNV’s recently published Alternative Fuels Insight...
Top five global container lines control more than 64% of global capacity
AT the turn of the new year MSC is by far the largest ocean carrier by TEU capacity, followed by Maersk, then CMA CGM and COSCO, according to the latest available data from...
PIL joins MACN
PACIFIC International Lines is now a member of the Maritime Anti-Corruption Network. In a statement PIL said: “By joining MACN, PIL conveys its strong support of anti-corruption...
ONE to acquire controlling stakes in three container terminals
OCEAN Network Express has signed deals to acquire controlling stakes in three container terminals on the US West Coast. ONE is to acquire a 51% stake in each of TriPac and Yusen...
Merry Christmas and happy New Year to all our readers
AS 2022 draws to a close all of us here on the DCN news desk would like to wish our readers a merry Christmas and a safe, happy and prosperous New Year. We hope the coming weeks...
Iberdrola to invest €1.1 billion in Tasmanian green hydrogen and methanol plant
SPANISH energy giant Iberdrola has announced intentions to invest more than €1.1 billion (around $1.7 billion) in a green hydrogen and methanol plant in Tasmania. Iberdrola is...
Man jailed for shipping container cigarette haul
A MAN who orchestrated the import of three million cigarettes into Melbourne in a shipping container has been sentenced to jail. The Australian Border Force launched an...
TOP STORIES OF 2022: Bigger containerships visit Port Botany
MSC TOKYO became the ship with the deepest draught to visit Port Botany in February 2022. The vessel has a draught of 15.1 metres when it entered the port. MSC Tokyo broke a...
The DCN Weekly: Episode 28
TWO big reports made the news this week, one of them being the Australian Transport Safety Bureau's final report on the APL England incident....
