Europe announces new form of declaration for low-value consignments
A CHANGE to the European Union Customs Code Delegated Regulation (EU) 2015/2446, from 1 January 2021, means it will be possible to declare goods up to 150 € (about AU$240) using a...
Study on ‘radical decarbonisation’ of shipping
CONSEQUENCES for shipping markets of a major shift in energy consumption away from hydrocarbons and towards renewables and biofuels is the subject of a report by research and...
Wärtsilä reports “stable development” for half year
STABLE development in net sales and profitability was how Wärtsilä chief executive and president Jaakko Eskola described the first half of 2019. The Finnish smart technology...
Kalmar opens funky new facility
WATERFRONT equipment specialist Kalmar has held the grand opening of a new customer experience and training centre in North Charleston, US. According to a public statement, this...
Cocaine concealed in imported excavator
AN IMPORTED second-hand excavator from South Africa was used to conceal 384 kilos of cocaine, authorities say. Two men have been charged with importing drugs in what was the...
New ferry set to sail from Tassie shipyard to Spain
INCAT Tasmania’s new 111-metre ferry has been handed over to its new Spanish owner Naviera Armas and is departing Hobart for Spain this week. The ship, named Volcan de Tagoro...
Wärtsilä chosen for propulsion of hopper dredger
TECHNOLOGY group Wärtsilä has been chosen by Dutch shipbuilding company Damen Shipyards Group to provide the main propulsion solutions for a large Marine Aggregate Dredger. The...
Drought dampens economic outlook, Deloitte report claims
DROUGHT and falling house prices are among the factors dragging down the Australian economy, according to a new report by analysts Deloitte. However the report also noted likely...
MSC unleashes giant boxship
MEDITERRANEAN Shipping Company has deployed a giant on the east-west network. At some 400 metres, MSC Gülsün has a record-size capacity for a container ship of 23,756 TEU and is...
Brookfield to acquire Genesee & Wyoming
BROOKFIELD Infrastructure is to acquire Genesee & Wyoming as part of a US$8.4bn deal, it has been announced. The transaction is set to result in G&W becoming a privately held...
British marines seize Iranian oil tanker
ROYAL Marines have seized control of Iranian oil tanker Grace 1 off Gibraltar. Marines boarded the vessel off British-controlled Gibraltar, apparently following a request from the...
DP World confirms Topaz acquisition
DP WORLD has announced the acquisition of Topaz Energy and Marine from Renaissance Services and Standard Chartered Private Equity for an enterprise value of US$1.1bn. Topaz is a...
Big ocean carriers continue blockchain expansion
INTERNATIONAL shipping giants Hapag-Lloyd and Ocean Network Express have confirmed they will join TradeLens, a blockchain-enabled digital shipping platform developed by A.P....
Larger cruise ships on the horizon, ACA CEO says
AUSTRALIA and its ports needs to prepare for new Oasis-class cruise ships, the largest cruise vessels on the planet, a conference in Townsville has heard. There are currently four...
IMO 2020 compliance presents credit risks, Moody’s says
INTERNATIONAL credit agency, Moody’s Investor Service, says complying with the International Maritime Organization’s 2020 emissions standards will weigh on shipping companies’...
