Maersk and Shanghai Port sign MOU on methanol bunkering
MAERSK has signed an agreement with Shanghai International Port Group on strategic co-operation for the Shanghai Port methanol marine fuel project. The two parties signed the...
Australia-UK FTA a step closer to reality
THE AUSTRALIA-United Kingdom Free Trade Agreement will come into effect soon, after the enabling legislation in the UK received Royal Assent. The agreement will enter into force...
Spill response training prepares PNG for more ships
PAPUA New Guinea is increasing its oil spill response capacity to prepare for more maritime traffic through its ports in the coming years. Senior representatives from the...
IMO agreement to reduce maritime emissions in developing countries
A MEMORANDUM of understanding signed at an International Maritime Organization working group aims to help developing countries reduce emissions from ships and ports. The IMO,...
Mondiale VGL appoints new chair and director
MONDIALE VGL has appointed Justine Smyth as independent director and chair. The company said her appointment would support its next phase of growth in the global freight...
Government, industry co-operate in improving rail
THE AUSTRALIAN government, the Victorian government and The Australasian Railway Association have signed an agreement to improve the country’s rail infrastructure. The memorandum...
World Container Index continues to tumble
THE DREWRY World Container Index fell by 2% to US$1756.83 per 40-foot container this past week. The composite index has dropped by 79% when compared with the same week last year...
Baltic Exchange weekly market report
THE BALTIC Dry Index ended last week at 1489/ This was down slightly on the previous Friday (1535) but still well above the recent nadir of 530 on 16 February. Capesize The...
OOIL reports big revenues and profits for 2022
ORIENT Overseas (International), the parent company of ocean carrier OOCL, reported significant increases in revenues and profits for the 2022 calendar year. The company’ revenue...
Goliath incident highlights importance of bridge resource management: ATSB
THE AUSTRALIAN Transport Safety Bureau’s investigation into last year’s Goliath incident at the Port of Devonport highlights the importance of bridge resource management and the...
DSV to acquire two US-based logistics firms
DENMARK-based logistics giant DSV is to acquire US-based transport and logistics companies S&M Moving Systems West and Global Diversity Logistics. DSV said the acquisitions would...
Cruise ship rescues two in Bass Strait
A CRUISE ship transiting the Bass Strait helped rescue two people from a stricken boat on Tuesday morning. Victoria Police Air Wing and Water Police, which co-ordinated the...
FWC stands by DP World's dismissal of unvaccinated employees
THE FAIR Work Commission has dismissed the appeals of former DP World employees looking to overturn an earlier decision that validated the company’s move to fire the employees for...
Amendment bill to "restore" Infrastructure Australia
A BILL aiming to “restore” Infrastructure Australia was tabled in Federal Parliament on Wednesday (22 March). The Infrastructure Australia Amendment (Independent Review) Bill 2023...
Oldendorff appoints new CEO
OLDENDORFF Carriers has appointed Patrick Hutchins as its new president and chief executive officer, effective 21 March. Mr Hutchins succeeds Peter Twiss, who is retiring after 28...
