ABARES forecasts ag sector rebound
THE AUSTRALIAN Bureau of Agricultural and Resource Economics and Sciences expects the value of the nation’s agriculture sector to rebound in 2024-25. The latest Agricultural...
MOL acquires Fairfield Chemical Carriers
MOL Chemical Tankers has acquired Fairfield Chemical Carriers (FCC) and its fleet of stainless-steel tankers. The acquisition, valued at around US$400 million (about $615...
Revenue and volumes up at ICTSI
INTERNATIONAL Container Terminal Services (ICTSI) has reported its revenue increased to US$2.39 billion in the 2023 financial year, a 6% increase from 2022. The terminal...
Bulker Rubymar sinks in Red Sea
THE BULK carrier Rubymar has sunk in the southern Red Sea. Yemen’s Ansar Allah (also known as the Houthis) attacked the vessel with ballistic missiles almost two weeks ago,...
Towage services determination for port of Melbourne
PORTS Victoria has announced a towage services determination for the waters of the port of Melbourne. Ports Vic issued Svitzer Australia with a non-exclusive licence, effective 1...
CMA CGM completes Bolloré Logistics takeover
CMA CGM has bought 100% of Bolloré Logistics, the transport and logistics division of France-headquartered Bolloré Group. Negotiations for the €4.8-billion deal (about $8.5...
AFP swarm on alleged smugglers
TWO Polish nationals have been charged by the Australian Federal Police for attempting to import 300 kilograms of MDMA and 70 kilograms of ketamine in a shipping container. The...
Drewry posts WCI decrease
DREWRY’S World Container Index (WCI) decreased by 5% to US$3493 per 40-foot container this week. It had increased by 88% when compared with the same week last year. The latest WCI...
Freight and transport logistics workers arrested
POLICE suspect workers at freight and transport logistics companies in trusted positions were part of an alleged plot to import 10 million illicit cigarettes into Victoria. Six...
Tasman Bridge transit aborted
A TASMAN Bridge transit was aborted on Wednesday morning after The Sheriff experienced a mechanical problem. The Sheriff departed Selfs Point, north of the Tasman Bridge, at 0545...
Incat Crowther to design second-generation ferry
AUSTRALIAN marine engineering company Incat Crowther has been tasked with designing a new second-generation passenger ferry for a company in Singapore. Majestic Fast Ferry...
Tassie govt pledges support for Incat expansion
TASMANIAN premier Jeremy Rockliff has told Incat he would inject $5.25 million into the company’s expansion plans if he’s re-elected at next month’s state election. Incat builds...
Port of Mackay sees rise in trade
MORE than two million tonnes of trade have passed through the Port of Mackay in the past seven months, surpassing throughput in the same period from the previous financial year....
Ocean Alliance grows stronger
FOUR founding members of Ocean Alliance have extended their cooperation for at least another five years. Chief executive officers at CMA CGM, Cosco Shipping, Evergreen and OOCL...
IFCBAA to be vocal on biosecurity funding advisory panel
THE INTERNATIONAL Forwarders and Customs Brokers Association of Australia (IFCBAA) plans to be “vocal” in its position on the new Sustainable Biosecurity Funding Advisory Panel....
