ONE profits fall 97% in Q2
OCEAN Network Express has reported a 97% decrease in net profit after tax for the second quarter of the 2023 financial year. ONE’s second-quarter NPAT came to US$187 million,...
QLD port awards $1.5m contract to enable channel widening
PORT of Townsville has awarded a $1.5-million contract for work that would enable widening of the inshore end of the port’s shipping channels. The port engaged local contractor...
NZ port's underlying NPAT up 48% in FY 2023
CENTREPORT Wellington has reported an underlying net profit after tax of NZ11.9 million for the year ended 30 June 3023, up 48% from NZ$8 million the prior year. The North Island...
Industrial action causes throughput to plummet: DP World
DP WORLD said throughput volumes at its Australian terminals have dropped by around 30 to 40% since the Maritime Union of Australia commenced protected industrial action in early...
MOL introduces MarTrust payment system for seafarers
MITSUI O.S.K. Lines is introducing MarTrust – a payment service that is specialised for ocean shipping – for all seafarers on vessels managed by MOL Group’s ship management...
MOU signed for collaboration on autonomous shipping
Samsung Heavy Industries and classification society DNV have inked a memorandum of understanding at South Korean maritime exhibition Kormarine. The two entities committed to...
Höegh sells one ship, buys another
HÖEGH Autoliners is selling Höegh Bangkok (IMO 931847) for US$63 million. and buying Höegh Jacksonville (IMO 9673379) for US$43.22 million. The company built Höegh Bangkok at the...
Australia-EU trade deal falls through
AUSTRALIAN trade minister Don Farrell has walked away from a trade deal with the European Union after negotiations failed to make progress. Mr Farrell had met with European...
Cargo volumes drop at Port of Tauranga
PORT of Tauranga has reported a drop in cargo volumes for the first quarter of the 2024 financial year. In the three months to 30 September, total trade was down 9% in volume...
Spirit of Tasmania IV named and launched
SPIRIT of Tasmania IV was named and launched at the Rauma Marine Constructions shipyard in Finland on Friday 27 October. The ro-pax ferry is the first of two new Spirit of...
Australian charged over Ports of Auckland drug bust
FOUR men, including an Australian national, were charged after NZ authorities seized 140 kilograms of cocaine at Ports of Auckland on the weekend. The haul was found in the cavity...
Victoria aims for net-zero freight emissions
THE VICTORIAN government, along with industry, will co-design policies, regulations, infrastructure and technology to accelerate the development of sustainable mobility. In a...
World container index at lowest point in three years
THE DREWRY World Container Index dropped by 2% this past week. The composite index decreased by 2% to US$1342. The WCI has dropped by 57% when compared with the same week last...
Experts met on containership fire prevention
THE INTERNATIONAL Maritime Organization’s Formal Safety Assessment Experts Group met this week to review the outcome of a Formal Safety Assessment (FSA) study called Cagosafe,...
New vessel for Sea Swift
NORTHERN Australian shipping company Sea Swift officially launched its new vessel Newcastle Bay in Cairns last week on 17 October. The vessel is to provide freight support for...
