Austal shines in H1 FY 2019 results
AUSTAL’S first half of the 2019 financial year summary showed significant growth, which, according to the company was driven my continuing improvements across the ASX-listed...
Australia goes to WTO over India sugar subsidies
AUSTRALIA, along with Brazil, has launched formal dispute action with the World Trade Organization on India’s continuing sugar subsidies that, the complaint says, are depressing...
FONARs will not be “free pass” after IMO 2020
THE International Chamber of Shipping welcomed a recent decision in principle by the International Maritime Organization that safety or operational concerns about the quality of...
Seafreight boosts Kuehne + Nagel business
GLOBAL logistics giant Kuehne + Nagel has reported an increased market share in the seafreight sector during 2018. The Switzerland-based business has just released its annual...
First metal cut for USS Canberra
ASX-listed Austal celebrated the metal cutting on the company’s 15th Independence-class Littoral Combat Ship (LCS), the USS Canberra. Austal LCS program director Dave Growden...
Hapag-Lloyd announces 2018 results
HAPAG-Lloyd announced its unaudited operating results for 2018, revealing that its year was an improvement on the previous year. The container liner said its earnings before...
Big costs ahead as shipping prepares for fuel post-2020
SENIOR figures from Maersk and ANL say industry must be ready for significantly higher costs as the shipping sector prepares for a low-sulphur fuel world. Maersk Line Australian...
LNG likely to have limited lifespan, forum hears
LIQUEFIED natural gas is likely to have a limited life as a marine fuel, Viva Energy manager marine fuels Stephen Duniam predicts. Speaking at the Australian Peak Shippers...
WiseTech acquires Containerchain
“AN INCREDIBLE opportunity” is how WiseTech Global founder and chief executive Richard White has described the acquisition of container technology provider Containerchain. Based...
Indian Register advances into Greek maritime
The Mumbai-based Indian Register of Shipping has focused its attention on the Greek shipping market since opening its branch in Piraeus, Greece in 2010. IRClass is now making...
Cargotec reports “year of ups and downs”
RECORD high automation orders was a highlight for Cargotec in the 2018 calendar year, according to chief executive Mika Vehviläinen. But Mr Vehviläinen also noted profit setbacks,...
Big container growth reported at major Euro port
PORT of Rotterdam’s total throughput for 2018 finished at 469m tonnes, slightly higher than in 2017, according to management. The 2017 figure of 467.4m tonnes was in itself...
Cosco and Bolloré do a deal
COSCO Shipping Lines and Bolloré Transport & Logistics have signed a memorandum of understanding to promote closer ties. In the presence of senior figures Wang Haimin and Cyrille...
Eco newbuildings being delivered
OLDENDORFF Carriers says it has started 2019 with the delivery of five new eco-ships, four of which were delivered on the same day. This is part of an effort to reduce...
Maersk to buy US customs brokerage company
MAERSK announced it had come to an agreement to acquire US-based customs brokerage and logistics business Vandergrift. Maersk North America regional managing director Narin Phol...
