World Container Index continues to plummet
DREWRY’S composite World Container Index decreased by 7% this to US$2591.41 per 40-foot container. This was the 38th consecutive weekly decrease. The index has dropped by 72% when...
Zim posts record results for first nine months of 2022
ZIM has posted a record net income for the first nine months of 2022, but TEU volumes decreased in the same period. The company reported a net income of US$4.2 billion for the...
Re-opening set for freight corridor as containers cleared from derailment site
A RAIL corridor closed by a derailed freight train is expected to re-open next week The Melbourne-Adelaide rail corridor has been closed since Monday (14 November), when a...
AMSA co-ordinates medevac off South Australia
THE AUSTRALIAN Maritime Safety Authority has co-ordinated a medical evacuation from a ship off South Australia. Containership Sydney Express was near Kangaroo Island on Tuesday...
Better connectivity at sea can support decarbonisation, report says
A STRATEGIC approach to connectivity at sea could influence the outcome of the shipping industry’s decarbonisation efforts, a new report suggests. Global satellite communications...
Recovery work begins after freight train derailment
WORK is underway to bring a rail corridor back into service after a freight train derailment on Monday (14 November). The train derailed at around 0530 on Monday morning, between...
Tug situation threatens Christmas: minister
MINISTER for employment and workplace relations Tony Burke on 2GB Breakfast today said he was “devastated by the way the whole dispute has unfolded”. Svitzer on Monday announced...
OPINION: Implications for insurers and suppliers of Svitzer lockout
By Mills Oakley partner Maurice Lynch and lawyer George Glen SVITZER is a leading marine towage company whose services are critical to allowing container ships and bulk carriers...
New regional leader at Hapag-Lloyd
HAPAG-Lloyd has appointed Stuart Sandlin as president of the company’s North America operations. Mr Sandlin is taking the place of Uffe Ostergaard in the role. Mr Sandlin is...
Hapag-Lloyd's profit more than doubles in first nine months of 2022
HAPAG-LLOYD's profit in the first nine months of 2022 was up 120% on the same period last year, while its TEU volumes increased by less than 0.1% Group profit reached US$14.7...
Containership fire prevention methods inadequate, insurer says
FREIGHT transport and logistics insurer TT Club is calling for a better approach to preventing containership fires. TT Club said it believes regulation and fire-fighting technique...
One-tonne cocaine haul intercepted at Port Botany
AUSTRALIAN Border Force officers seized more than a tonne of cocaine from two shipping containers at Port Botany last week. The Australian Federal Police is now seeking...
Freight train derailment causes container pile-up, closes rail corridor
A FREIGHT train derailed in Victoria on Monday morning (14 November) leaving a pile-up of damaged shipping containers on the tracks. The incident occurred between Inverleigh and...
The DCN Weekly: Episode 23
THIS week's episode of The DCN Weekly features special coverage of the 2022 DCN Australian Shipping & Maritime Industry Awards. Record numbers of guests came together in Melbourne...
Drewry container index sees 37th consecutive week of decreases
DREWRY’S composite World Container Index decreased by 9% to US$2773.49 per 40-foot container this week. The composite index decreased by 9% this week, the 37th consecutive weekly...
