Forecast indicates continued rate corrosion for shipping industry
NEW data from Container xChange suggests the shipping industry is entering the third quarter with continued rate corrosion as negative market sentiment persists ahead of an...
Government to develop decarbonisation plan for transport
THE FEDERAL government is developing sectoral decarbonisation plans, with on sector being transport. Climate change and energy minister Chris Bowen announced the initiative on...
GMF considers new crew change indicator post-Covid
THE GLOBAL Maritime Forum is considering launching a Neptune Indicator 2.0 to collect and communicate data on seafarer wellbeing. GMF began publishing the monthly (now quarterly)...
Hapag-Lloyd milestone LNG bunkering operation concludes
AN LNG bunkering operation involving Hapag-Lloyd’s new 23,600-TEU ship Berlin Express has concluded in China. Berlin Express was delivered in June this year and is currently on...
Abbot Point hydrogen hub plan takes step forward
A CONSORTIUM of South Korean companies has signed a heads of agreement to develop a project to export renewable hydrogen and green ammonia from Queensland to South Korea. The...
CMA CGM partners with local port authority for pollution prevention
THE CMA CGM Group has launched a program called Prévention de la Pollution in collaboration with SODEMO, a semi-public company tasked with the development and maintenance of Port...
Transport minister represents Australia on IMO visit
FEDERAL minister for infrastructure and transport Catherine King is meeting with the International Maritime Organization to reinforce Australia’s role as a member state ahead of...
WA govt and lithium producer investigate reopening freight line to Bunbury
THE WESTERN Australian government is looking at recommissioning a freight line that would connect a lithium mine with Bunbury Port. The government has allocated $3.3 million for a...
World Container Index posts uptick
DREWRY’S composite World Container Index increased by 0.9% this past week to US$1488.13 per 40-foot container. However, compared with the same week in 2022, the index has dropped...
Man charged over meth shipment in gas heaters
A MAN has been charged over a shipment of methamphetamine sent from Malaysia to Australia hidden in gas heaters. The Victorian man, 31, is the second man charged as a result of an...
Record year for trade at Southern Ports
THE PORTS of Albany, Bunbury and Esperance have broken 16 trade records over the past 12 months, according to Southern Ports. The port authority said exports of spodumene and...
NZ port receives shore-power funding
CENTREPORT has received $500,000 in funding to install shore power at a ferry wharf in Wellington. The funding is from New Zealand’s Energy Efficiency and Conservation Authority....
Zim slashes full-year 2023 outlook
CONTAINER liner company Zim has adjusted its full-year outlook for 2023; the company is expecting an EBIT loss of $500 million to $100 million, down from its previous guidance of...
AMSA releases State of the Fleet report
THE AUSTRALIAN Maritime Safety Bureau, over 2022, inspected 2671 domestic commercial vessels, 2405 foreign-flagged vessels and 95 regulated Australian vessels, according to its...
Piracy risk rises in Gulf of Guinea and Singapore Straits
THE ICC International Maritime Bureau has warned of a resurgence of piracy and armed robbery in the Gulf of Guinea and the Singapore Straits. In its latest mid-year report, IMB...
