Austal's order book worth up to $12.7 billion
IMPROVED earnings from Austal’s US shipbuilding operations have helped the company to Earnings Before Interest and Tax (EBIT) of $56.5 million for the 2024 financial year,...
World Container Index continues to tumble
DREWRY’S World Container Index decreased again this past week, dropping 3% to US$5181 per 40-foot container. The latest figure is 50% below the previous pandemic peak of US$10,377...
Training ship damaged by boxship in Fremantle port (UPDATED)
AUSTRALIA’S largest sail-training tall ship has sustained visible damage from an allision with a Maersk container ship in the port of Fremantle. STS Leeuwin II, an 1850s-style...
WA ship builder Austal's US operation to settle Navy claim
ALABAMA-based, Austal USA has agreed to pay US$811,259 to settle claims that it knowingly supplied equipment that did not meet military specifications. The claims which were...
Incat acquires site for new shipbuilding facility
INCAT Tasmania has acquired a 12-hectare site north-west of Hobart to build a new shipbuilding facility. The new site, a portion of the Norske Skog Boyer Mill site at Boyer, would...
Air cargo demand continues to rise in July
GLOBAL air cargo demand is still growing, according to the International Air Transport Association, due in part to constraints in shipping. The latest monthly air cargo statistics...
IMO secretary-general condemns "unacceptable" Red Sea attack
THE INTERNATIONAL Maritime Organization’s secretary-general has spoken following a recent attack on an oil tanker while transiting the Red Sea. Mr Arsenio Dominguez, who became...
TT Club calls for wider efforts to prevent ship fires
TT Club is calling for greater diligence across the supply chain following a “spate” of containership fires in recent months. The freight insurer said all players in the global...
John Duigan returns to King Island services
LANDING craft John Duigan has returned to regular services at Tasmania’s King Island, with the support of tugboat Leaders Creek, following upgrades to the island’s Grassy Port....
CMA CGM Air Cargo launches trans-Pacific service
CMA CGM Air Cargo has launched its first trans-Pacific service, connecting Asia with North America. The launch follows the delivery of a new Boeing 777-200 Freighter on 18 August....
NYK declares completion of world's first commercial-use ammonia vessel
NYK LINE has claimed its tugboat Sakigake as the world’s first ammonia-fuelled vessel for commercial use. Modifications to Sakigake for conversion to run on ammonia began last...
Millions of cigarettes seized from container in Sydney
THE AUSTRALIAN Border Force has sized more than 12 million illegal cigarettes from a container that arrived in New South Wales last week. The consignment, which arrived from...
Embattled minister resigns portfolio
TASMANIAN infrastructure minister Michael Ferguson has stepped away from his role overseeing the troubled TT Line ferry and terminal project, with premier Jeremy Rockliff taking...
Picton Aratere response leadership unclear: report
WORK has already started on addressing a number of concerns arising from the 21 June grounding of Interisland Line’s rail/ropax Aratere during a night-time sailing from Picton....
Tauranga delivers financial results after challenging year
THE PORT of Tauranga has released its results for the financial year ending 30 June 2024 (FY24), depicting modest figures after facing a variety of challenges. Volumes at New...
