Zim invests in tracking tech company
OCEAN carrier Zim Integrated Shipping Services has invested US$5.5 million in asset and fleet visibility systems developer Hoopo. The investment was part of a Series A financing...
Second TasPorts tug wreck salvaged from river
THE WRECK of TasPorts tugboat Campbell Cove has been successfully removed from the Mersey River. Once the tug is secured on heavy lift ship AAL Melbourne and the ship departs for...
Drewry container index decreases for 24th consecutive week
DREWRY’s composite World Container Index decreased by 3% this week to US$6430 per 40-foot container. Source: World Container Index, Drewry Supply Chain Advisors The figure...
The week in bulk: In the doldrums
THE Baltic Dry Index continued its downward march over the past week. It wound up on Friday at 1477 – the lowest point since the beginning of February this year. The BDI started...
THE DCN WEEKLY: EPISODE 10
The news this week followed the efforts to salvage sunken TasPorts tugs York Cove and Campbell Cove from Port of Devonport's Mersey River....
PacTow welcomes new addition to tug fleet
PACIFIC TOWING has expanded its fleet of tugboats with the addition of a specialised harbour tug at the company’s Port Moresby base. Tavurvur is an Azimuth Stern Drive tug, the...
Darwin Port wage dispute escalates to FWC, port workers to strike
DARWIN Port workers are preparing to take industrial action next week as fair work proceedings unfold and the Maritime Union of Australia and Darwin Port exchange accusations....
New service starting in September from east coast to Indian Subcontinent
NAUTICAL Shipping, as agents for Sea Lead Shipping, has announced a direct seasonal service from the Australian east coast to the Indian Subcontinent. A statement from Nautical...
Wellbeing training should be mandatory for cadets, Wellness at Sea delegates say
THE FIRST event in a series of global wellness conferences for cadets has been lauded as “an overwhelming success” for its turnout of 1600 aspiring seafarers. More than 96% of the...
Campbell Cove returned to water for second salvage attempt
TASPORTS and heavy lift ship AAL Melbourne are reattempting the lift of sunken tugboat Campbell Cove after the process proved more challenging than the removal of York Cove on the...
Hapag-Lloyd profits up 188% for first half of 2022
HAPAG-LLOYD has reported a group profit of almost US$9.5 billion for the first half 2022, up US$6.2 billion on the first half of last year, a 188% increase. However, transport...
Logistics companies partner on Moorebank warehouse development
LOGISTICS companies Logos and Mainfreight are partnering to develop a cross-dock warehouse at Moorebank Logistics Park in Sydney’s south-west. The logistics park (MLP) is...
Seaspan parent company reports quarterly revenue increases
SEASPAN parent company Atlas Corporation announced a quarterly EBITDA of US$279.5 million – an increase of 2.6% on the same period last year. For the quarter ending 30 June, the...
BHP looking to retrofit bulker with a Rotor Sail
AUSTRALIAN miner BHP is partnering with Pan Pacific Copper and Norsepower for the retrofit installation of a wind-assisted propulsion system on a ship. The three companies are...
Container trade at Brisbane up in June
CONTAINER trade at the Port of Brisbane has been picking up, according to the latest trade statistics from the port. The total container throughput at the Port of Brisbane for the...
