The season of the stink (bug)
BROWN marmorated stink bug season is once again upon us for 2023-24. On 1 September seasonal measures aimed at mitigating the biosecurity risks of the BMSB will come into force....
WiseTech posts big revenue growth in FY23
WISETECH Global saw increases in revenue and profit in the 2022-23 financial year. The company’s total revenue for the 12 months ended 30 June was $816.8 million, up 29% on...
Hope for container-market rebound: Container xChange
SUPPLY-chain leaders are hopeful of a container-market rebound, according to the latest Market Forecaster report from online logistics platform Container xChange. A majority of...
Medlog to acquire Botany-based transport operator
MEDLOG has announced plans to acquire Port Botany-based transport operator Trojan Transport. Medlog, a logistics and supply chain operator, said the acquisition would complement...
Svitzer designing methanol-powered tug
DENMARK-based towage provider Svitzer has launched the second phase of its project to design what it says will be the world’s first methanol hybrid fuel cell tug. Svitzer said it...
Orient Overseas International revenue falls from great heights
ORIENT Overseas International has reported a decrease in revenue and profit in its interim results for the first half of 2023. The parent company of ocean carrier OOCL posted a...
Baltic Exchange weekly report
THE BALTIC Dry Index jumped more than 100 points on Thursday to 1247. This was the highest the index has been since 24 May when it was 1295. The BDI this past week declined...
World Container Index posts another week of modest gains
THE LATEST Drewry World Container Index increased by 2.3% to US$1832.48 per 40-foot container this past week. However, the WCI has dropped by 70.6% when compared with the same...
RightShip and NYK link platforms for port state control processes
RIGHTSHIP and NYK Line have linked their digital platforms with an aim to streamline port state control processes. The two companies worked with technology firm Solverminds...
Zim sees grim second quarter
CONTAINER shipping line Zim’s financial results for the second quarter of 2023 show a slight increase in volumes, but revenues and profits falling off a cliff. The company’s net...
Höegh Autoliners to digitalise entire fleet
HÖEGH Autoliners has formalised an agreement to digitalise its entire fleet, including its new Aurora class vessels. Höegh’s agreement with Kongsberg Digital covers the remaining...
DP World aims to increase global capacity
DP WORLD aims to add about 3 million TEU of new container-handling capacity to its international operations by the end of this year. The Dubai-based container terminal operator...
Wallenius Wilhelmsen reports big numbers in Q2
WALLENIUS Wilhelmsen’s second-quarter results – released on Tuesday (15 August) – showed the ro-ro specialist ocean carrier in a strong financial position. The company reported...
AiP issued for ammonia fuel supply system for tanker and containership
CLASSIFICATION society ClassNK has issued an approval in principle for an ammonia fuel supply system for oil tanker and container ship developed by Samsung Heavy Industries....
Hapag-Lloyd profit tumbles in H1
HAPAG-LLOYD’S profit fell 66% in the first half of this year and almost 78% in the second quarter. The company’s first-half profit dropped from US$9.5 billion last year to US$3.1...
