Cosco shipping to shell out US$1.5 billion for 10 containerships
COSCO Shipping has announced an order for 10 new containerships worth US$1.5 billion. Six of the ships are to have a 14,092-TEU capacity – these are slated for delivery from the...
Shipping lines set for more record profit: Drewry
THERE is no end in the near term for the freight-rate fuelled container shipping boom, according to the latest maritime financial research from consultancy Drewry. The research,...
Car company charters additional LNG vessels
VOLKSWAGEN Group Logistics has ordered four dual-fuel vessels that can run on LNG to carry its vehicles to overseas markets. These four will join two similar car carriers that...
Updates to Hapag-Lloyd’s Australia–New Zealand via Panama service
HAPAG-LLOYD has put out a notice to customers that it will be making changes to its Australia-New Zealand via Panama service (ANP), which travels between the United States, Latin...
Maersk to re-design its ocean network in West and Central Asia
SHIPPING line Maersk is re-designing its ocean network in West and Central Asia that connects countries including India, Bangladesh, Sri Lanka, Pakistan, United Arab Emirates and...
Shell signs charter agreements for newbuild LNG carriers
SHELL Tankers has signed charter agreements for a further six liquefied natural gas ships with Knutsen LNG, Pan Ocean and other investors, bringing its newbuild LNG carrier total...
Connectivity crucial to seafarers’ future welfare
MOBILE satellite communications provider Inmarsat has sponsored a new report, exploring the future of seafaring to 2050. The report offers recommendations on how shipping,...
Europe adopts environmental regulations that will affect freight and trade
THE European Commission has adopted a sweeping package of proposals that aim to reduce the bloc’s emissions by at least 55% by 2030 (compared with 1990 levels). These measures...
Pilbara Ports Authority breaks throughput records
THE Pilbara Ports Authority handled a whopping 724.7 million tonnes of throughput over the past 12 months. The PPA said this massive throughput is a record, following the previous...
Three ports come under the governance of Kimberley Ports Authority
KIMBERLEY Ports is now responsible for the ports of Derby, Yampi Sound and Wyndham after they came under KPA’s governance on the first of this month. The ports transfer is part of...
MUA announces more Patrick industrial action
THE Maritime Union of Australia is again ratcheting up its campaign of industrial action against Patrick Terminals. The union announced a series of new work stoppages at Patrick’s...
Proposed WA port to go under EPA microscope
THE Western Australian Environmental Protection Agency announced that it is subjecting the Gascoyne Gateway port project to the highest possible level of assessment. The proposed...
Southern Ports celebrates new trade record
SOUTHERN Ports has announced that its port at Bunbury has achieved an overall trade record for the year 2020-21, of 17.11 million tonnes of throughput. This is up from 16.95...
US$3.6 million paid to Sri Lanka over X-Press Pearl
X-PRESS Feeders has made an initial payment of US$3.6 million after the X-Press Pearl caught fire and sank, creating an environmental catastrophe near Colombo Port. X-Press...
IATA appoints new global head of cargo
THE International Air Transport Association announced the appointment of Brendan Sullivan as its head of global cargo, with immediate effect. Mr Sullivan has worked in air cargo...
