Transaction heralds new age in exchange of ownership
AS the result of a partnership between fund manager TradeFlow Capital Management and the Baltic Exchange, a pilot escrow transaction as part of a commodity trade has been executed...
Suspected pirates’ release reinforces urgency of regional support in Gulf of Guinea
THREE suspected pirates from Nigeria have been released at sea by the Danish Navy, and a fourth prosecuted, following an attack in the Gulf of Guinea last year. In November 2021,...
Covid isolation rules change for critical staff, including freight workers, in QLD and NSW
NEW South Wales and Queensland have changed COVID-19 self-isolation rules to allow critical workers who are close contacts of a case, and are asymptomatic, to return to work...
Drewry World Container Index continues to rise
THE average composite index of the World Container Index, assessed by Drewry for year-to-date, is $9409 per 40-foot container, which is $6574 higher than the five-year average of...
Seafarers’ challenges prioritised at latest IMO session
THE International Maritime Organization is urging member states to act on the challenges seafarers are facing during COVID-19, having consolidated the issues which emerged during...
Rail freight operator to research diesel alternatives
THE University of Queensland has teamed up with rail freight operator, Aurizon, on a research project to help reduce the carbon emissions of the company’s locomotive fleet. The...
December air cargo demand dampened
DECEMBER demand in the general air cargo market put a final dampener on 2021 peak season volumes as continuing supply chain issues, congestion on the ground, and concerns over the...
Men charged with alleged plot to import meth into WA
A JOINT release from the Australian Federal Police and Australian Border Force has revealed that three men have been charged over an alleged plot to import almost $100 million...
First sustainability linked contract of affreightment signed
NORWEGIAN combination ocean carrier KCC and South32 have concluded the first sustainability linked contract of affreightment. The six-year agreement, for shipments of caustic soda...
Passenger vessel owner convicted for ignoring AMSA notice
The owner of a small cruise vessel with numerous safety issues has been convicted for operating despite receiving a prohibition notice from the Australian Maritime Safety...
Labor’s strategic fleet plan – a closer look
LABOR leader Anthony Albanese on Monday announced a plan to establish a “strategic fleet” of up to 12 Australia-flagged, privately owned and operated merchant ships if the...
Albo proposes Australian “strategic fleet”
LEADER of the Australian Labor Party Anthony Albanese on Monday proposed the establishment of an Australian “strategic fleet” comprising up to 12 privately owned and operated,...
Tariffs fall for the new year
AUSTRALIA’S farmers and exporters are to have improved market access as tariff cuts come into play on a range of commodities, minister for agriculture David Littleproud said. Mr...
Cocaine found in reefer container at Brisbane
THE Australian Border Force has disrupted a 50-kilogram cocaine import that arrived in Brisbane in a sea-freight reefer container on 23 November. The detection was made as part of...
ACCI welcomes Aus-India trade deal negotiations
THE Australian Chamber of Commerce and Industry has welcomed the Australian government's move to fast-track negotiations on a free-trade deal with India. “Given businesses have...
