Construction begins on 30-million litre fuel tank at Newcastle
PORT of Newcastle will soon be home to a 30-million litre fuel storage tank which will boost the nation’s fuel storage capabilities. The facility will be constructed at Park...
ONE reports astronomical full-year profits
OCEAN Network Express reported a record profit of US$16.8 billion for the 2021 financial year – this was an increase of US$13.3 billion, or 381%, on the previous year. ONE’s...
Government commits $41 million to Newcastle green hydrogen hub
PORT of Newcastle’s green hydrogen hub project is set to receive up to $41 million in government funding. Port of Newcastle said the funding will position the port as the ideal...
New initiative to support Ukrainian port workers
THE INTERNATIONAL Association for Ports and Harbors has joined forces with The Seafarers’ Charity to assist port workers and their families in Ukraine. The initiative reflects the...
Global Maritime Forum appoints new chair and board members
THE GLOBAL Maritime Forum has welcomed four new members to its board of directors, including a new chair. Jan Dieleman, president of Cargill Ocean Transportation, was elected...
China port congestion to remain high: analysts
PORT congestion is rebounding in northern Chinese ports and it is not expected to let up for the next several weeks at least, according to analysis from S&P Global Market...
Independent inquiry launched into NZ port deaths
THE NEW Zealand Transport Accident Investigation Commission (TAIC) is beginning an investigation into the two recent workplace deaths at Lyttelton Port (on 25 April) and Ports of...
Swire Shipping affiliate to acquire Westwood Shipping Lines
SWIRE Shipping has announced its affiliate SSPL US has signed a definite agreement to acquire Westwood Shipping Lines, an independent vessel operator based in the United States....
Aussie freight and logistics operator to open Chicago cargo hub
WISEWAY Group is planning to establish a new cargo hub in Chicago. With the new facility, the ASX-listed integrated freight and logistics operator will have a network covering 11...
Maersk revises 2022 guidance upwards as container volumes fall
A.P. Møller - Mærsk has revised its full-year 2022 guidance up; the company now expects its full-year underlying EBITDA to be around US$30 billion (previously around US$24...
Toll to pay $8.6 million for allegedly violating US sanctions
TOLL has agreed to pay to pay US$6.1 million ($8.6 million) to settle its potential civil liability for 2958 apparent violations of sanction programs administered by the US Office...
Kuehne+Nagel reports big 1Q 2022
KUEHNE + Nagel’s results for the fist quarter of 2022 was marked by big increases in turnover, earnings and profit. The company’s net turnover increased by 68% to CHF 10.2 billion...
OPINION: Eliminating the risk of container-stack collapses – solutions and unseaworthiness
By Captain Glenn Mathias, Australian Maritime Consultancy THE WORLD Shipping Council (WSC) claim that its member companies operate about three quarters of the world’s global...
Biofouling taskforce meets for second time
THE GLOBAL Project Task Force of the IMO’s GloFouling Partnerships project, a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme...
CTAA slams Hutchison levy hikes
HUTCHINSON Ports Australia’s announcement of an increase to its infrastructure levy last week has been received with concern by the Container Transport Alliance Australia. Under...
