Decrease in world container index
DREWRY’S composite World Container Index decreased by 1% last week to $1741.44 per 40-foot container this week. The index has dropped by 77% when compared with the same week last...
New leadership for the Sea Cargo Charter
THE 36 signatories of the Sea Cargo Charter Association elected new steering committee members at its 2023 annual meeting held in Copenhagen. The Sea Cargo Charter is a global...
IMO joins WHO for pandemic preparedness
THE INTERNATIONAL Maritime Organization is participating in global efforts led by the World Health Organization to better prepare for possible future disease pandemics. Before the...
GrainCorp volumes down in 1H23
GRAINCORP handled a total of 34.8 million tonnes of grain in the half year ending 31 March, an 8% decrease on the same period last year. GrainCorp operates in the ports of...
The biosecurity budget
BIOSECURITY is the name of the game in the 2023-24 federal budget. The government announced an expected increase in funding of more than $1 billion over four years to “strengthen...
Inmarsat acquisition takes step forward
GLOBAL communications company Viasat is working to acquire Inmarsat, which provides global mobile satellite communications services. Inmarsat says it is working to enable the...
Port of Newcastle joins hydrogen partnership
PORT of Newcastle on Wednesday (10 May) announced it had joined the Platform Zero Global Partnership for Hydrogen Innovation. Port of Newcastle CEO Craig Carmody and chief...
Revenue and profit up at NYK
NYK Group has reported increases in revenue and profit for the 12 months to 31 March 2023. The group’s revenue for the fiscal year was ¥2.616 trillion (around $28.6 billion), a...
Shipbuilder engages Engineers Australia
AUSTAL Australia has signed a three-year contract with Engineers Australia for the provision of support that will see global best practice workforce credentialing and membership...
CMA CGM commits to €5 billion acquisition of logistics business
CMA CGM has committed to buying 100% of Bolloré Logistics for €5 billion (around $8.15 billion). Bolloré Logistics is the transport and logistics division of the Bolloré Group,...
Aussie company looks towards Norwegian hydrogen exports
AUSTRALIAN hydrogen specialist Provaris Energy has demonstrated the potential for low-cost delivery of green hydrogen from Norway, commencing in 2027. The ASX-listed company has...
Expansion and new training at Queensland maritime college
TAFE Queensland is expanding its marine college in Cairns and is partnering with Maritime Safety Queensland to offer a Certificate III in Maritime Operations. The Queensland...
Man jailed over "putrid" meth haul in container full of cow skins
A MAN was sentenced to 22 years in jail for attempting to import 668 kilograms of methamphetamine into Australia in a shipping container full of rotting, raw cow hides. The...
ICTSI first-quarter results show increases
INTERNATIONAL Container Terminal Services reported an increase in revenues, net income and EBITDA in its first-quarter financial results. ICTSI operates 33 terminals, including...
Shipping company sponsors new penguin centre
OCEAN Network Express is sponsoring the penguin centre of a new wildlife park in Singapore. The so-called Ocean Network Express Penguin Cove is located in the Bird Paradise...
