Protesters target Israeli line at Botany and Melbourne
PROTESTERS have been targeting the Israeli shipping company Zim at Port Botany and the port of Melbourne. There is concern that protest activity may flare up again as other Zim...
CMA CGM’s Q3 results reflect downturn in container shipping
FRENCH ocean carrier CMA CGM reported significant downturns in revenues, driven in large part by tumbling revenues from its shipping division. The company said its shipping...
Nine-month revenue, earnings and volumes up at ICTSI
INTERNATIONAL Container Terminal Services (ICTSI) has reported an EBITDA of US$1.11 billion for the first nine months of 2023, a 7% increase on the same period last year. Revenue...
The DCN Weekly: Episode 73
A STRATEGIC Fleet Taskforce report was released to the public this week, along with the government's response to its recommendations....
Hapag-Lloyd profits down while volumes flat for first three quarters of 23
HAPAG-Lloyd’s results for the first three quarters of 2023 showed a decline in revenue, earnings and profits on the back of static volumes, due to what the company called a...
Another weekly increase for the WCI
THE DREWRY World Container index posted a weekly increase of 7% this past week, hitting US$1504 per 40-foot container. However, the index has dropped by 46% when compared with the...
Baltic Exchange weekly report
THE BALTIC Dry Index ended last week at 1643 –an increase of 12% on the previous Friday. Over the past week, the index increased before dipping slightly on Wednesday, but on...
IATA reports uptick in air cargo demand
THE INTERNATIONAL Air Transport Association has reported an increase in air cargo demand in September. IATA said the increase shows that demand is continuing to recover in global...
Wallenius Wilhelmsen ship bunkers biofuel in South Korea
WALLENIUS Wilhelmsen bunkered its first biofuel in South Korea as part of a trial of HSFO-Biofuel. At Masan Port, MV Torrens was the first WW vessel to bunker B30 HSFO-Biofuel in...
WSC launches whale chart to reduce ship strikes
WORLD Shipping Council has launched the WSC Whale Chart, a navigational aid designed to reduce ship strikes. The whale chart contains coordinates, graphics and measures to help...
WiseTech acquires Mexican customs software provider
ASX-listed logistics software developer WiseTech Global has acquired Sistemas Casa, a Mexican provider of customs and international trade software. Sistemas Casa offers a suite of...
Maersk to cut 10,000 jobs from global workforce
MAERSK intends to reduce its global workforce by about 10,000 positions to deal with challenging market conditions and a “worsening” price outlook in its Ocean segment. Maersk was...
MtS flags "deeply concerning" trend in seafarer happiness
THE WELLBEING and satisfaction of crewmembers appears to have dropped again according to the Seafarers Happiness Index, marking the longest sustained decline since the index was...
Swissport launches air cargo operations in Australia
AVIATION services company Swissport launched its first air cargo operations in Australia this week, commencing at Sydney Airport on 1 November. Swissport’s Australian operations...
World Container Index increases
THE DREWRY World Container Index this past week increased by 5% to US$1406 per 40-foot container. This is the first increase since the index peaked on 17 August at US$1832. This...
