Baltic Exchange weekly market report
THE BALTIC Dry Index last week saw a downturn. The index started the week at 1797 (slightly down on the previous week) and on Friday (28 October) the BDI hit 1534 – a decrease of...
Unexpected profit at Kimberley Ports
KIMBERLEY Ports Authority has posted a profit of $2.56 million before tax and dividend in the 2021-22 financial year. The port authority attributed the growth to trade turnaround...
Bill to amend fair work legislation receives support and backlash
A BILL before Parliament, which intends to amend fair work legislation, has been met with optimism for the workplace bargaining system but concern for the supply chain. Employment...
Freight volumes up for Bass Island Line despite $2.2 million loss
TASPORTS has reported an increase in freight volumes for its Bass Island Line shipping service, and a financial loss of $2.2 million. BIL carried almost 25% more tonnes of freight...
IMO and WISTA International launch platform to diversify industry panels
THE INTERNATIONAL Maritime Organization and Women’s International Shipping and Trading Association have launched a speakers platform aimed at diversifying the voices on industry...
Inspection delays and trapped seafarers an issue for Black Sea corridor
THE BLACK Sea Grain Initiative facilitating the export of cargo from Ukrainian ports is struggling to keep up with the inspection of inbound and outbound ships. According to the...
New vessels and command centre for NSW maritime emergency response
NSW Maritime has welcomed the launch of two new vessels and a maritime command centre in Sydney Harbour in preparation for maritime emergencies. The vessels are worth $2 million...
DSV posts significant profit growth for Q3 2022
DANISH transport and logistics company DSV has reported increases in profit across its divisions for the third quarter of 2022. In the first nine months of the year, gross profit...
Millions for strategic fleet in federal budget
THE federal government is providing $6.3 million in 2022-23 to establish the Strategic Fleet Taskforce. The purpose of the taskforce is to provide advice to the government on the...
Tasmania celebrates return of international cruise ships
THE ARRIVAL of cruise ship Pacific Explorer at Port of Hobart on Tuesday morning marked the return of cruise shipping in Tasmania. The occasion has been considered a milestone for...
Logistics company reports “best-ever nine-months results”
SWISS logistics company Kuehne+Nagel reported its “best-ever nine-months results” yesterday. The company said in the first nine months of 2022 its net turnover increased by 40% to...
ICS proposes fund to award low-emission fuel first movers
THE INTERNATIONAL Chamber of Shipping has announced proposals to accelerate the maritime sector’s transition to net zero by financially rewarding ships and energy producers that...
TasPorts posts record container-trade figures in 2021-22
TASPORTS has reported an increase in freight volumes for the 2021-22 financial year, with volumes now nearing pre-Covid figures. TasPorts chairman Stephen Bradford said the ports...
Deal closed on ship for trans-Tasman route
KIWI transport and logistics company Move Logistics Group last week completed the purchase of a vessel to be deployed on its new trans-Tasman route. The vessel, Atlas Wind, is a...
NYK to study conversion of onboard waste into energy
NYK is participating in a joint study of a system designed to reduce the environmental impacts of marine transport using organic substances generated on vessels. The shipping line...
