Intermodal Terminal Company appoints inaugural chair
INTERMODAL Terminal Company has appointed John Fullerton, the former CEO and managing director of the Australian Rail Track Corporation, as its first chair. ITC, established in...
Xeneta Shipping Index shows rates continuing to slide
LONG-term ocean freight rates slid in August, marking the 12th consecutive month of declines for carriers. According to the latest real-time data from the Xeneta Shipping Index...
Baltic Exchange weekly report
THE BALTIC Dry Index declined slightly last week to 1065. This was a decline of 1.4% on the previous Friday’s index of 1080. Capesize The Capesize market observed a shortened...
B Dynamic opens warehouse in QLD
THIRD-party logistics services provider B Dynamic Logistics has opened a new warehouse and logistics facility in Brisbane. The facility is located in the Richlands Industrial...
Port of Townsville hiring ahead of expected growth
PORT of Townsville expects its trade throughput to triple by 2050 as new mining, manufacturing and renewables projects come online. The port is embarking on a recruitment drive...
Wärtsilä launches CCS feasibility studies
WÄRTSILÄ is launching carbon capture and storage feasibility studies for shipowners and operators to help bring forward the early stages of CCS integration. The technology group...
Port of Melbourne appoints new CFO
PORT of Melbourne has announced that Leigh Petschel would join the organisation as its new chief financial officer. Mr Petschel is to join the port in November from Monash...
Chevron LNG workers give notice of industrial action
WORKERS at two LNG complexes have given notice of industrial action, which will start next week. According to reports, the two sites, Wheatstone and Gorgon, account for 5% of...
Pilots prepare for Eden operations on AMC simulator
PILOTS from the Port Authority of New South Wales trained for operations at the Port of Eden using a simulator in Tasmania. The pilots took part in two-and-a-half days of training...
Move Logistics revenue drops with "disappointing" freight results
MOVE Logistics has reported lower earnings and revenue in the 2023 financial year, attributed to “disappointing” results in the freight division. The Kiwi transport and logistics...
DP World to expand warehousing capacity at Yennora
DP World is investing in Stockland’s Yennora Distribution Centre in Western Sydney. The company said it would “almost double” warehousing capacity at the intermodal facility by...
Sydney-bound meth haul intercepted in Hong Kong
A SYDNEY man has been arrested for his role in facilitating a 240-kilogram haul of methamphetamine that was bound of Australia in a shipping container. Hong Kong authorities...
NYK to study liquefied CO2 transport
A CONSORTIUM of energy companies commissioned NYK to conduct a study on the marine transportation of liquefied carbon dioxide. The consortium comprises Japanese petroleum firm...
Wellard reports FY net loss of more than US$15 million
LIVESTOCK shipping company Wellard’s financial results for the 2023 financial year make for some grim reading. The company reported a net loss for that year of US$15.5 million –...
New DNV guidelines to validate hydrogen and ammonia claims
CLASSIFICATION society DNV has released new guidelines for validating claims around low-carbon hydrogen and ammonia. Service specification DNV-SE-0654 outlines DNV’s procedures...
