$155 million drug haul intercepted at Port Botany
FOUR people have been charged over their alleged involvement in a $155 million drug shipment stashed inside a shipping container that arrived at Port Botany earlier this month....
Austal posts revenue drop in FY22
AUSTRALIAN shipbuilder Austal has posted its second-highest EBIT on record for the 2022 financial year, but a drop in revenue. The latest financial results suggest Austal’s...
Shipping association pushes GHG proposals to IMO
THE World Shipping Council has made suggestions to the International Maritime Organization to ensure GHG regulations adequately drive the industry’s transition to alternative...
Maersk and container manufacturer terminate divestment agreement
MAERSK has announced its US$987 million divestment agreement with China International Marine Containers has fallen through. In September last year, A.P. Moller – Maersk confirmed...
Brown Marmorated Stinkbug season is almost here
BORWN Marmorated Stinkbug season is fast approaching, putting the shipping industry and its stakeholders on high alert. Between 1 September 2022 and 30 April 2023, seasonal...
New air freight carbon offset program launched
CATHAY Pacific has introduced a carbon offset program for air freight, powered by a carbon emissions calculator. The program, Fly Greener, follows the launch of Cathay Pacific’s...
Hapag-Lloyd to upgrade 150 ships
HAPAG-Lloyd has announced plans to upgrade 150 ships to technically modernise its fleet and reduce carbon emissions. The launch of the company’s Fleet Upgrade Program follows the...
Industry drops Indian Ocean "high-risk" piracy classification
FROM 1 January 2023, the boundaries of the high-risk piracy area off the coast of Somalia will no longer exist. The global maritime industry bodies have decided to declassify the...
ITF recovers US$37 million in unpaid crew wages
THE International Transport Workers’ Federation said is has recovered more than US$37 million in unpaid wages owed to seafarers. The union said its 125 inspectors and...
Maersk announces new bio-methanol partnership
MAERSK has partnered with Chinese bioenergy technology company Debo on plans to develop a bio-methanol project for Maersk in China. A letter of intent signed by the companies...
The week in bulk: BDI hits lowest point in more than a year
THE Baltic Dry Index continued its weeks-long decline, hitting the lowest point in more than a year on Friday (19 August) when it hit 1279. A downward trend: the Baltic Dry Index....
Freight rates to decline on lower vessel utilisation: analyst
WITH vessel utilisation rates declining, ocean shipping analyst Sea-Intelligence said freight rates are due for a decline. Sea-Intelligence CEO Alan Murphy said even though demand...
New digital tools to help maritime economies overcome trade disruptions
THE UNITED Nations Conference on Trade and Development is launching new digital tools to help maritime countries and ports reinforce supply chains against disruptions. UNCTAD said...
Geodis to acquire contract logistics specialist
TRANSPORT and logistics company Geodis has signed an agreement to acquire the American company Need It Now Delivers. Geodis said the acquisition will enable the company to...
ONE goes live with digital rate transfer through CargoWise
OCEAN Network Express has connected to logistics platform CargoWise to enable automated and fully digital transfer of contract rates. ONE said the digital connection will enable...
