The week in bulk: A slight upturn after this week's plunge
THE Baltic Dry Index dropped to 965 on Wednesday (31 August), the only triple-digit day recorded in more than a year, before increasing slightly to 1086 on Friday 2 September. A...
The state of ports and freight according to ACCC and Productivity Commission
ISSUES around productivity and competition at Australia’s ports fuelled presentations from the Australian Competition and Consumer Commission and the Productivity Commission at an...
Black Sea corridor has lowered global food prices, UN says
THE maritime corridor facilitating Ukrainian and Russian grain exports has shown “encouraging success”, according to the International Chamber of Shipping. The grain corridor was...
Zim enters long-term LNG bunkering deal with Shell
ZIM has signed an LNG bunkering agreement with Shell to supply 10 LNG-fuelled vessels for the shipping company’s Container Service Pacific flagship service. The deal is a ten-year...
Ports Australia conference tackles competition and productivity issues
DAY two of the Ports Australia Biennial Conference featured presentations from the Australian Competition and Consumer Commission and the Productivity Commission, considered by...
Port Botany to receive new empty container park
AN EMPTY container park with a 6000 TEU capacity is now under construction at Port Botany. The new facility is expected to reduce both truck congestion and handling times due to...
$500m logistics estate planned for Western Sydney
ASIA-PACIFIC logistics specialist Logos has acquired a logistics development site in Western Sydney, which it plans to develop into a $500 million logistics estate. Logos acquired...
Hapag-Lloyd to install tracking devices on 1.6 million containers
HAPAG-LLOYD has commenced a major project to install tracking devices on its fleet of 1.6 million dry containers. The first of the devices are currently being installed at a...
Floating ammonia production unit awarded AiP
A CONCEPT for a floating production unit designed to produce green ammonia at sea has secured approval in principle from classification society DNV. The P2XFloater concept is...
Propulsion package secured for world's largest aluminium ship
CONSTRUCTION of the world’s largest aluminium ship is progressing in Tasmania with technology group Wärtsilä to supply a population package. The package includes engines,...
Risk, resilience, and global thinking the focus of Ports Australia conference
DISCUSSIONS at first full day of events at the Ports Australia Biennial Conference positioned Australia’s ports sector within the international maritime landscape and encouraged...
Maersk to build first-of-its-kind green warehouse
MAERSK has announced it is constructing a low-emissions contract logistics warehouse in Denmark, a first for the company. The warehouse will be constructed under a partnership...
Data usage on the rise at sea, Inmarsat says
DATA usage on ships has jumped more than three-fold since 2019, according to an analysis from Inmarsat Maritime. Inmarsat said the surge underlines the shipping industry’s...
NZ union calls for full investigation into man-overboard incident
A MARITIME union has called for an investigation into crew welfare and labour concerns after a seafarer was presumably lost overboard off the coast of New Zealand on the weekend....
Investment consortium pulls out of GeelongPort acquisition
A PRIVATE equity firm and industry super fund have withdrawn from a $1.2 billion deal to acquire GeelongPort. The Australian Competition and Consumer Commission announced on...
