New president and CEO steps up at Wallenius Wilhelmsen
WALLENIUS Wilhelmsen has a new president and CEO as of 1 June – Lasse Kristoffersen has stepped into the role. Mr Kristoffersen said he had been looking forward to officially...
FMC determines recent high freight rates are product of market forces
THE US Federal Maritime Commission has determined that high ocean freight rates since the pandemic started are the product of supply and demand market forces. In its Final report...
10 magenta mega-ships ordered
OCEAN Network Express has signed shipbuilding contracts with both Hyundai Heavy Industries and Nihon Shipyard to build five vessels each, adding a total of 10 modern very large...
Svitzer aims at carbon-neutrality by 2040
SVITZER aims to become carbon neutral by 2040, according to its recently revealed decarbonisation strategy. Under the strategy the global towage operator will decarbonise in two...
Maersk pulls plug on two Oceania services
MAERSK announced on Wednesday that it would terminate two services in Oceania: the Polaris and the Sirius Star. The company cited continued schedule disruption and terminal...
Project44 launches “formal expansion” into Australia and NZ
PROJECT44 is moving into the Australasian market. In a statement released on Monday, the company announced its “formal expansion into Australia and New Zealand”. In February, the...
Port of Mackay throughput passes three million tonnes
PORT of Mackay is heading for a record-equalling year of trade, having passed three million tonnes of throughput. According to Queensland premier Annastacia Palaszczuk, the port’s...
Australian ports show little improvement in this year’s Container Port Performance Index
AUSTRALIAN ports improved little in the second edition of the global Container Port Performance Index (CPPI), compared with last year’s edition. The World Bank and S&P Global...
A second ship snaps mooring lines at Brisbane berth days after OOCL Brisbane breaks away
THE AUSTRALIAN Transport Safety Bureau is investigating the near-breakaway of containership CMA CGM Bellini in Port of Brisbane just days after OOCL Brisbane broke its lines in...
Container company Royal Wolf lands $51 million defence contract
SHIPPING container company Royal Wolf has been awarded a $51 million contract to build 300 personnel restraint modules for the Department of Defence over the next three years....
A change in leadership at Toll
TOLL chairman John Mullen AO has announced he would retire from the Toll board at the end of next month. Toll managing director Thomas Knudsen will transition to the role of...
ITF and MUA laud Labor's maritime vision
TRADE unions are celebrating the outcome of the federal election, anticipating its support for Australian seafarers and the establishment of a national fleet. The International...
Barge for salvage operation arrives at Devonport
THE 55-metre-long receiving barge Intan arrived at the Port of Devonport this week ahead of the removal works for the York Cove and Campbell Cove tugs from the Mersey River. The...
The week in bulk: BDI falls, headwinds in Capesize and Panamax markets
THE Baltic Dry Index fell off a bit of a cliff last week, with a precipitous decline over the five days to Friday. The BDI was 2681 on Friday (27 May), which is a decrease of 20%...
Transport minister breaks down progress and outlook of shipping industry
DESPITE headwinds over the past two years the Australian shipping industry should be proud of its achievements, according to NSW transport minister David Elliott. Mr Elliott...
