SeaLead exits Australian trade
SINGAPORE-based SeaLead Shipping will leave the Australian trade within months after being given notice by its CA2 service VSA partners. DCN understands no direct reason has been...
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Air freight rates could take months to recover, analysts say
A RETURN to pre-conflict capacity and rates on trades out of West Asia hubs is still a month or two away, air freight analysts Xeneta say. A shaky ceasefire agreed earlier this...
Ceasefire welcome, but Maersk says no immediate change
SHIPPING giant A.P. Moller-Maersk says a ceasefire announced in the Persian Gulf conflict does not yet provide the “full maritime certainty” that would allow shipping through the...
OPINION: Twin shipping chokepoint crisis threatens Australian trade
It has been more than a month since the effective closure of the Strait of Hormuz, which carries about 20% of global oil and gas. Global energy supply chain needs have been...
FPSO begins contentious Danish demolition
CONTROVERSIAL floating production, storage and offtake vessel Northern Endeavour arrived in Denmark via heavylift vessel at the end of March and is now under demolition in...
The waves beneath the wings
NORWAY’s Grieg Maritime Group, partner with Gearbulk in G2Ocean, has signed a contract with GT Wings to install at least two of their AirWing™20 Jet Sails on their fleet. Grieg...
Marine insurers “reaffirm commitment” to West Asia trade
MARINE insurers continue to “show resilience” and maintaining the availability of cargo, hull, liability and offshore energy cover, the International Union of Marine Insurance...
Procuring oil on troubled waters
FEDERAL government advice that six ‘lost’ April fuel import shipments have been replaced, and a further three contracted from the USA, will provide some soothing of nerves in the...
CMA CGM uncorks service enhancement
CMA CGM next month will expand the coverage of its Panama Direct (PAD) service with the perhaps unlikely inclusion of a call in Cork, Ireland. PAD, which operates between Europe,...
Middle East conflict threatens medicine supply chains, analyst says
CONFLICT near the Strait of Hormuz has potential to disrupt Australia’s pharmaceutical supply chains, according to Steve Blough, chief supply chain strategist for software firm...
Australia and the EU conclude trade deal
BOLSTERING Australian competitiveness and diversifying market access is how a trade deal with the EU has been described by the federal government. The deal was announced this week...
MIDDLE EAST UPDATES: IMO calls for safe maritime corridors
WELCOME to our rolling updates on the crisis unfolding in the Middle East and its impact upon shipping, trade and transport. We will add new information as it becomes available,...
Exporters call for 'financial assistance' as war rages in the Middle East
SIGNIFICANT, unbudgeted costs arising from shipping disruptions linked to the Middle East conflict have prompted calls from exporters for “targeted financial assistance”. In a...
Myrmell heading to Saudi Arabia
FORMER Carnival Australia president and current Journeys Beyond chief operating officer Sture Myrmell has been appointed president of Saudi Arabia’s AROYA Cruises. Mr Myrmell...
G2Ocean: 2025 revenues down but profits up
NORWEGIAN open-hatch vessel specialist G2Ocean has lamented reduced 2025 revenue due to lower activity across global markets but has reported an improved bottom line thanks to...
