Crook Cookers’ maintenance costs to double?
KIWIRAIL has assured the NZ Government it no longer expects maintenance costs for its three aging Cook Strait ferries to reach almost NZ$65 million per annum, despite expectations...
$2.5m Seafarer Welfare Fund launched in NSW
PORT Authority of NSW, Port of Newcastle and NSW Ports have joined forces to set up a $2.5-million Seafarer Welfare Fund The initiative is reportedly a first for Australia. The...
World Container Index increases yet again
DREWRY’S World Container Index climbed again this week, up 7% to US$5117 per 40-foot container on 20 June. The composite index has increased 233% when compared with the same week...
Iron ore hub closure to impact Esperance port
THE CLOSURE of Mineral Resources’ Yilgarn iron ore hub will have a major impact on Southern Ports’ Esperance operation. Mineral Resources managing director Chris Ellison announced...
MMA directors recommend $1 billion offer
DIRECTORS OF Perth-based ASX-listed company MMA Offshore have recommended shareholders accept a $1.07 billion offer from Singapore’s Cyan MMA Holdings to acquire 100% of MMA’s...
AMSA awards more regional AtoN contracts
THE AUSTRALIAN Maritime Safety Authority on Thursday (20 June) awarded six regional contracts for maintenance of Australia’s aids to navigation (AtoN) network. The national...
New chair at QLD ports corp
GLADSTONE Ports Corporation has welcomed Adrian Noon as its new chair. Mr Noon succeeds Anthony Lynham, who resigned from the board on 31 May. GPC said Mr Noon is “deeply...
ACCC adds Olam to Namoi takeover concerns
BOTH bidders for Namoi Cotton are now under ACCC scrutiny, following the commission today [20 June] issuing a statement of concerns about Olam Agri Holdings’ proposal. The ACCC...
KiwiRail, KiwiFail
NZ’S TRANSPORT Accident Investigation Commission has highlighted KiwiRail’s systemic safety issues in a new report about a train derailment in stormy weather near Te Puke, Bay of...
Australia must do more for climate than just promote EVs, researchers say
CLIMATEWORKS Centre has outlined their recommended solutions for the decarbonisation of Australia’s freight and passenger transport in a new report. Released last week,...
Devonport berth reopens to shipping after project completion
TASPORTS has advised that the Port of Devonport’s 4 West berth has today (19 June) reopened to shipping following the installation of new fenders. The fenders were installed at...
Study nails cost of maritime corruption
DENMARK’S Maritime Anti-Corruption Network has published a study that graphically quantifies the cost of criminal practices in the port and maritime sectors. MACN says for over a...
Toyofuji orders methanol-fuelled PCCs
JAPAN’S Toyofuji Shipping (TFS), along with compatriot owner Fukuju Ship Co, has placed orders with a domestic yard for methanol-fuelled pure car carriers. TFS will wholly-own the...
Port of Newcastle wins big from New South Wales budget
THE port of Newcastle is set to benefit from funding guaranteed in the 2024-25 New South Wales budget. Released yesterday (18 June) the state’s upcoming budget has pledged $128.5...
... levels rising at rates of knots
AUSTRALASIAN exporters are also copping it in the neck as carriers look to capitalise on buoyant conditions globally, even if these do not necessarily exist in local outbound...
