US$3.6 million paid to Sri Lanka over X-Press Pearl
X-PRESS Feeders has made an initial payment of US$3.6 million after the X-Press Pearl caught fire and sank, creating an environmental catastrophe near Colombo Port. X-Press...
IATA appoints new global head of cargo
THE International Air Transport Association announced the appointment of Brendan Sullivan as its head of global cargo, with immediate effect. Mr Sullivan has worked in air cargo...
Geodis expands its healthcare logistics capabilities with acquisition
GEODIS has signed an agreement to acquire Gandon Transports, a player in the transport of temperature-controlled pharmaceutical products. Already active in the healthcare market,...
Wallenius signs deal for six low-emission car carriers
CIMC Raffles signed an engineering, procurement and construction contract with Wallenius to build six pure car carriers. The vessels will be Swedish-flagged, 200 metres long with...
First LNG bunker vessel in France moves to closer to operation
THE first liquefied natural gas bunker vessel to be based in France has marked another step towards its delivery and operational commencement, following the successful completion...
New Austrade office to open in Europe
THE federal government is opening a new Austrade office in the Netherlands. Minister for trade, tourism and investment Dan Tehan said the Netherlands office would strengthen the...
Singapore tops international maritime centre rankings
THE Xinhua-Baltic International Shipping Centre Development Index, published by Chinese news agency, Xinhua, and maritime data provider, the Baltic Exchange, has ranked Singapore...
Trade minister goes abroad to promote trade interests
MINISTER for trade, tourism and investment Dan Tehan is heading to Singapore, Vietnam, South Korea, Japan and the US to strengthen Australia’s trading relationships and to promote...
Engineering company Foreship to continue work on Spirits of Tas
FINNISH naval architecture and engineering company Foreship is to continue supporting TT-Line in the construction process of the two new Spirit of Tasmania. The company developed...
Drewry’s container index shows massive annual increases
MARITIME consulting firm Drewry’s composite World Container Index has increased 4.7% or $397 to $8,795.77 per 40ft container over the past week. It also remains 333% higher that...
Explosion on ship at Jebel Ali port more likely accident than hostile
ON 7 JULY there was an explosion on the container ship Ocean Trader at terminal one of Dubai’s Jebel Ali Port. There have been no indications so far of hostile action causing the...
MSC talks carbon emissions
MSC was named one of the European Union’s top carbon emitters, with an NGO saying it would rank sixth in the bloc if shipping were part of the EU’s emissions trading system. The...
Hapag-Lloyd acquires Africa carrier NileDutch
SHIPPING line Hapag-Lloyd has closed the acquisition of the Dutch container shipping company Nile Dutch Investments BV (NileDutch), as announced earlier in the year. After signing...
Air cargo’s long and winding road to recovery
AFTER May’s subdued performance, global air cargo resumed its road to recovery from COVID in June with a 1% growth in demand versus the same month of 2019. According to analysts...
ANL asserts carbon neutrality goals with new brand signature
SHIPPING line ANL, subsidiary of the CMA CGM Group has adopted the global campaign known as Better Ways, with a new brand signature that represents how the company operates in a...
