CMA CGM reports increasing profits in 1Q22
THE first quarter results for French ocean carrier CMA CGM revealed huge revenues and profits against a backdrop of increasing costs and a darkening outlook. For the first quarter...
Shippers concerned by carbon tax ahead of IMO decarbonisation talks
THE GLOBAL Shippers Forum has voiced concern that the International Maritime Organization’s upcoming carbon tax discussions will push freight costs for shippers higher than their...
OPINION: Does the latest CPPI give a realistic view of port rankings?
THE TRANSPORT Global Practice of the World Bank and the Maritime, Trade and Supply Chain division of S&P Global Market Intelligence have recently published the Container Port...
Windy weather stops container operations at Botany
HIGH winds again affected container operations Monday morning at Port Botany, and stevedores halted operations. The Patrick terminal stopped operations at 0800, and CargoLink...
Swire Shipping appoints new managing director
SWIRE Shipping has announced a change in leadership, having appointed Jeremy Sutton as managing director. Mr Sutton is currently chief operating officer. He will take over from...
At least 49 dead in Bangladesh container depot blast
AT LEAST 49 people have died in a fire at a container depot in Sitakunda, Bangladesh, near the country’s main port of Chittagong. Footage has been released of smoke billowing from...
World Container Index decreases slightly this week
DREWRY’S composite World Container Index decreased by 0.1% to US$7625.56 per 40-foot container this week. However, the index remains 18% higher than it was one year ago. The...
New Zealand wine exporters to benefit from new inland port
NEW Zealand’s Port Nelson has announced its logistics division QuayConnect will develop an inland port in the Marlborough region. The development is part of Port Nelson’s wider...
FMC determines recent high freight rates are product of market forces
THE US Federal Maritime Commission has determined that high ocean freight rates since the pandemic started are the product of supply and demand market forces. In its Final report...
10 magenta mega-ships ordered
OCEAN Network Express has signed shipbuilding contracts with both Hyundai Heavy Industries and Nihon Shipyard to build five vessels each, adding a total of 10 modern very large...
Maersk pulls plug on two Oceania services
MAERSK announced on Wednesday that it would terminate two services in Oceania: the Polaris and the Sirius Star. The company cited continued schedule disruption and terminal...
Wild weather hampers freight operations at Botany
WILD weather in eastern New South Wales is affecting the flow of cargo through the state’s ports. The weather has affected all three container terminals at Port Botany, albeit to...
Australian ports show little improvement in this year’s Container Port Performance Index
AUSTRALIAN ports improved little in the second edition of the global Container Port Performance Index (CPPI), compared with last year’s edition. The World Bank and S&P Global...
A second ship snaps mooring lines at Brisbane berth days after OOCL Brisbane breaks away
THE AUSTRALIAN Transport Safety Bureau is investigating the near-breakaway of containership CMA CGM Bellini in Port of Brisbane just days after OOCL Brisbane broke its lines in...
Findings from Rio De La Plata unmooring accident released
NEW Zealand’s Transport Accident Investigation Commission has released its final report on an accident in which a crew member was seriously injured while unmooring a...
