Hapag-Lloyd completes terminal business acquisition
HAPAG-LLOYD has acquired the entire terminal business of Chilean terminal operator SM SAAM. The transaction includes interests in ten terminals across Chile, the US, Mexico,...
Fortescue ships first magnetite from Iron Bridge
FORTESCUE Metals Group has shipped the first magnetite from its $5.89-billion Iron Bridge project from Port Hedland. The shipment of high-grade iron ore to Vietnam follows first...
ARTC freight line shutdown for $45m track upgrade
THE AUSTRALIAN Rail Track Corporation has announced a rail shutdown as it works on a $45 million freight line upgrade in New South Wales. Throughout August, ARTC will be carrying...
ONE profit plummets in FY2023 first quarter
OCEAN Network Express has reported a “significant” decline in profits for the first quarter of the 2023 financial year. ONE posted a profit of US$513 million, down 91% from the...
WA and energy consortium talk Geraldton ammonia plant
THE WESTERN Australian government has commenced negotiations with a South Korean renewable energy consortium to build a green ammonia plant near Geraldton. Energy systems...
Fremantle Highway towed ahead of salvage operation
THE fire-ravaged ro-ro vessel Fremantle Highway has been towed away from shipping lanes as part of an operation to salvage the ship. It has been almost a week since a fire broke...
Bulker detained in NZ after losing rudder
MARITIME NZ has detained the vessel Achilles Bulker after it lost its rudder and suffered a steering failure in a Tauranga channel. The Panama-flagged bulk carrier (IMO 9270907)...
Botany container trade dips in June
PORT Botany saw a 10.4% decrease in total container throughput in June, when compared with the same month last year. The port handled a total of 214,628 TEU in June 2023 – down...
Second-quarter profit and revenue tumble at CMA CGM
CMA CGM posted decreases in revenue and EBITDA in the second quarter of 2023, attributing the results to “difficult” market conditions. Revenue fell 36.9% compared with the second...
New details suggest 500 electric cars on Fremantle Highway
NEW reports on the Fremantle Highway incident suggest there were 3783 vehicles on board the ro-ro vessel – including 498 electric vehicles – when a fire broke out last week. The...
New Infrastructure Australia CEO announced
THE AUSTRALIAN government on Monday announced Adam Copp as the new chief executive officer of Infrastructure Australia. IA is an independent body that conducts research and...
ATSB issues brief on Christmas Island pilot ladder incident
THE AUSTRALIAN Transport Safety Bureau on Friday published an occurrence brief on a pilot ladder incident that happened on 24 May at Christmas Island. According to the brief, a...
Methanol bunkering a first for Maersk and Singapore
A BUNKERING operation involving Maersk's new methanol containership was a first for the company and for Singapore. Maersk took delivery of its first containership able to run on...
The DCN Weekly: Episode 58
A FIRE broke out on a ro-ro vessel off the coast of the Netherlands this week, with one crewmember reported to have been killed in the blaze....
World container Index inches up again
THE LATEST Drewry World Container Index of US$1575.62 is an increase of 2.5% week-on-week. However, it dropped by 76.7% when compared with the same week last year. The latest...
