NYK posts strong first quarter 2024 results
NYK LINE has released its financial results for the first quarter of 2024-25 fiscal year (Q1 2024), posting robust increases. The Japanese shipping line saw a 14.8% increase in...
ICS predicts heavy industry sector to dominate global hydrogen demand
THE INTERNATIONAL Chamber of Shipping has presented a new report that expects heavy industry to dominate global demand for hydrogen up to the year 2050. The report, written by the...
MOL designing LNG carrier fitted with hard sails
MITSUI O.S.K. Lines has been granted an approval in principle by ClassNK for the design of an LNG-fuelled carrier that is also fitted with a wind-assisted propulsion system. The...
Container management tech to roll out at Newcastle
PORT of Newcastle has become the latest to implement OneStop Modal and the OneStop Vehicle Booking System – two products developed for container management. From today (5 August)...
Port Authority of NSW celebrates 10 years and trade milestones
THE PORT Authority of New South Wales today (5 August) celebrates 10 years as a state-owned corporation, facilitating billions in trade for the regional and state economies. Port...
Bass Strait stand-in arrives
STRAIT LINK’s two Bass Strait ro-ros will soon be off to Singapore for five-year special survey and drydocking but there’ll be no interruption to the company’s overnight service...
The MCC Group joins Shipping Australia
SHIPPING Australia has welcomed The MCC Group as its newest corporate associate member. The MCC Group, headquartered in Brisbane, comprises the companies MCC Marine, Marine Cargo...
World Container Index decreases by 1%
DREWRY’S World Container Index has decreased again by 1% this week to US$5736 per 40-foot container. It marks the second week in a row the container index has seen a decrease,...
Rates and surcharges heading up again
A SUDDEN surge in bookings, particularly from South East Asia/Indian Sub-Continent to Australia and New Zealand, and, to a lesser extent in the opposite direction, has prompted a...
Huge sea-freight meth plot foiled, Sydney man charged
A SOUTH-WEST Sydney man has been charged for alleged involvement in a plot to import $828 million worth of methamphetamine. The consignment involved the attempted importation of...
ONE releases financial results for first quarter 2024
OCEAN Network Express has released its financial results for the first quarter of Japan’s 2024 financial year (April to June). Revenue for the first quarter was up 12% against the...
Australia and NZ to collaborate on green trade
AUSTRALIA AND New Zealand plan to work together to unlock potential economic opportunities as the transition to clean energy accelerates, including through work to develop green...
Challenges for open trading system, analyst warns
FOREIGN policy analyst Rory Medcalf has warned that restoring an open trading environment is likely to be difficult, as nations reassert sovereign power. In recent years, the...
Spirit of Tasmania to relocate to new Devonport terminal
FERRY Operator Spirit of Tasmania has announced it has signed a contract to relocate its Devonport base of operations to a new terminal. The contract was signed between Spirit of...
Industry ready for deregulated port environment as GTA chair calls for change
GRAIN Trade Australia chair Andrew Goyder says the Australian Wheat Port Code is no longer “fit for purpose”, arguing consumers and other stakeholders have nothing to fear from a...
