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...
Maersk takes delivery of first methanol containership
MAERSK has taken delivery of its first containership that can run on green methanol. HMD Hull #4168 was built by Hyundai Mipo Dockyard Co. and Hyundai Heavy Industries Co. in...
Hydrogen export from WA takes step towards reality
THE WESTERN Australian government has welcomed the memorandum of understanding signed between Western Green Energy Hub and Korea Electric Power Corporation. The agreement is to...
Smart containers to make up 30% of global box fleet by 2027: report
THE NUMBER of telematics-enabled shipping containers in the global fleet is forecast to grow sixfold over the next five years, according to the Container Census & Leasing Annual...
Freo sees May container uptick
TOTAL container throughput at Fremantle increased in May, compared with the previous month, according to the latest available trade data from Fremantle Ports. In May the port...
New company and board to govern Inland Rail project
THE AUSTRALIAN Rail Track Corporation is establishing a new subsidiary company with its own board to govern the delivery of the Inland Rail. The creation of the new company,...
Global demurrage and detention charges on the decline: report
AVERAGE demurrage and detention charges have seen a year-on-year decline of 25%, according to the annual Demurrage and Detention Charges Benchmark Report 2023, published by...
SHI completes voyage with autonomous navigation
SAMSUNG Heavy Industries has completed a demonstration of its autonomous navigation technology on a containership in the South China Sea. The South Korean shipbuilder said the...
Port Authority of NSW to standardise pilot ladder rules
PORT Authority of New South Wales is to introduce a standardised approach to accepting marine pilot ladder arrangements across all ports in the state, starting on 1 October. A...
Construction begins on Melbourne intermodal terminal
CONSTRUCTION has started on the $400-million Somerton Intermodal Terminal – a key hub in Melbourne’s Port Rail Shuttle Network. The Intermodal Terminal Company (ITC) is building...
IMO adopts a new GHG reduction strategy
MEMBER states of the International Maritime Organization adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships. The revised strategy includes what the IMO called...
WCI continues steady decline
THE WORLD Container Index decreased by 1.3% this past week to $1474.32 per 40-foot container. The index and has dropped by 79.1% when compared with the same week last year. The...
Baltic Exchange weekly report
THE BALTIC Dry Index ended last week at 1009. This was down 5.5% on Monday’s index, but up from a low of 993 on Thursday. The Baltic Dry Index for the week ending 7 July 2023....
