Aussie-made fire tech installed on spirits of Tasmania
TASMANIAN-made fire safety technology is being installed on the new Spirit of Tasmania ferries. TT-Line said the two new vessels, currently under construction in Finland, will be...
Baltic Exchange weekly report
THE BALTIC Dry Index continued its downward trend this past week. The BDI stood at 1233 on Monday (xx June) and ended the week at 1091 on Friday, a 11.5% decline on the start of...
World Container Index continues steady decline
THE DREWRY World Container Index decreased week-on-week by 2.7% to $1494.46 per 40-foot container this past week. The composite index has dropped by 78.9% when compared with the...
Container freight rate index hits 23-month low
THE LATEST data from the Xeneta Shipping Index showed a decline of 9.4% in long-term global shipping rates in June. This follows a 27.5% decrease in May and a 10.3% fall in April....
Blank sailings at a low: analyst
CONDITIONS in the global container shipping markets are continuing to move towards normalisation, according to shipping industry analyst Sea-Intelligence. “However, a normal...
Freo upgrades fenders
FREMANTLE Ports is upgrading the fendering at H Berth on Victoria Quay. The $5-million project was delivered by principal contractors CareyMC, part of the Carey Group, a First...
Botany container trade down in May
PORT Botany saw a slowdown in total container throughput in May, according to the latest available statistics from the port’s manager NSW Ports. Last month, the port handled a...
MEPC 80 to tackle emissions, dark fleet and more next week
THE INTERNATIONAL Maritime Organization’s Marine Environment Protection Committee is meeting next week in London. It is expected to adopt an upgraded IMO greenhouse gas emissions...
MOL signs charter deal for two new LNG carriers
JAPANESE transportation company Mitsui O.S.K. Lines and British energy company Ineos Energy Trading signed an agreement for the charter of two newbuild LNG carriers. The vessels...
K+N appoints Kiwi to management board
KUEHNE+Nagel’s board of directors has appointed Michael Aldwell to its management board. Mr Aldwell is to assume responsibility for the sea logistics business unit and succeed...
Green Marine joins Methanol Institute
THE METHANOL Institute has welcomed multi-disciplinary methanol consultancy Green Marine as a new member. The Denmark-headquartered company has recently finalised a specialist...
New NYK compression system to reduce emissions
NYK Line is installing an engine air compression system on two LNG-fuelled coal carriers. It claims the system is a world-first. The variable compression ratio (VCR) system is...
Human factor a key consideration in ammonia safety: report
A NEW report on ammonia safety outlines considerations for limiting the toxicity risks of ammonia as a marine fuel, particularly for crews. Lloyd’s Register Maritime...
Hydrogen for export plant takes a step forward
ASX-listed Provaris Energy has entered into a collaboration agreement with Norwegian Hydrogen to move to the next phase of development for the FjordH2 project at Ørskog in the...
TasPorts explores growth opportunities at renewable energy hub
TASPORTS is undertaking a market sounding exercise to inform growth plans around renewable energy generation in Tasmania. A focus of the exercise is the port of Bell Bay, which...
