MOL and MSC join decarbonisation coalitions
MITSUI O.S.K. Lines and MSC have joined coalitions aiming to decarbonise the shipping industry. MOL has signed a five-year impact partnership agreement with the Global Centre for...
Crew report pay problems and food shortages in Q2 happiness index
SEAFARERS reported unmanageable workloads, disregarded contracts and insufficient food supplies in the latest Seafarers Happiness Index survey. The quarterly index, published by...
MSC acquires majority stake in cargo airline
MSC has bought a majority stake in Italian air freight carrier AlisCargo Airlines with plans to acquire the entire airline. MSC expects to acquire 100% of the Milan-based carrier...
Maersk Q2 revenue down across the board
MAERSK’s revenue dropped 40% in the second quarter of 2023 and its EBITDA plunged 72%. The company’s Q2 revenue of US$13 billion was down from the US$21.7 billion it posted in the...
The DCN Weekly: Episode 59
IN THE news this week, a ballot for protected industrial action filed by the Australian Maritime Officers Union received unanimous support from its members working for Poseidon...
Fire-ravaged Fremantle Highway arrives in port
FREMANTLE Highway has arrived at the Dutch port of Eemshaven, scorched but no longer ablaze. The ro-ro vessel caught fire on 25 July while underway off the Netherlands and burned...
The World Container Index rises again
LAST week, Drewry’s World Container Index increased by 11.8% to US$1761.33 per 40-foot container. Following four consecutive weeks of increases, this week’s composite index is the...
Drone attack hits Ukrainian seafarers centre
A DRONE attack on the Ukrainian port of Izmail on 2 August hit the local seafarers centre. The Izmail Seafarers Centre was housing families made homeless by bombing in other parts...
Biosecurity forum tackles risks of pests on containers
AN INTERNATIONAL forum co-hosted by Australia gave industry and government the opportunity to tackle the biosecurity risks of hitchhiker pests on containers. The Department of...
Methanol engines ordered for six CMA CGM containerships
CMA CGM has ordered methanol-fuelled auxiliary engines for six newbuild containerships. According to Wärtsilä, the company supplying the engines, the six containerships are the...
Hapag-Lloyd completes terminal business acquisition
HAPAG-LLOYD has acquired the entire terminal business of Chilean terminal operator SM SAAM. The transaction includes interests in ten terminals across Chile, the US, Mexico,...
ONE profit plummets in FY2023 first quarter
OCEAN Network Express has reported a “significant” decline in profits for the first quarter of the 2023 financial year. ONE posted a profit of US$513 million, down 91% from the...
WA and energy consortium talk Geraldton ammonia plant
THE WESTERN Australian government has commenced negotiations with a South Korean renewable energy consortium to build a green ammonia plant near Geraldton. Energy systems...
Fremantle Highway towed ahead of salvage operation
THE fire-ravaged ro-ro vessel Fremantle Highway has been towed away from shipping lanes as part of an operation to salvage the ship. It has been almost a week since a fire broke...
Second-quarter profit and revenue tumble at CMA CGM
CMA CGM posted decreases in revenue and EBITDA in the second quarter of 2023, attributing the results to “difficult” market conditions. Revenue fell 36.9% compared with the second...
