ONE profit plummets in FY2023 first quarter
OCEAN Network Express has reported a “significant” decline in profits for the first quarter of the 2023 financial year. ONE posted a profit of US$513 million, down 91% from the...
"Unnecessary costs" of tariff system do not protect domestic industry: PC
GOVERNMENT assistance to Australian industry rose to $13.8 billion in 2021-22, according to a new report from the Productivity Commission. The commission’s Trade and assistance...
Bulker detained in NZ after losing rudder
MARITIME NZ has detained the vessel Achilles Bulker after it lost its rudder and suffered a steering failure in a Tauranga channel. The Panama-flagged bulk carrier (IMO 9270907)...
Second-quarter profit and revenue tumble at CMA CGM
CMA CGM posted decreases in revenue and EBITDA in the second quarter of 2023, attributing the results to “difficult” market conditions. Revenue fell 36.9% compared with the second...
New details suggest 500 electric cars on Fremantle Highway
NEW reports on the Fremantle Highway incident suggest there were 3783 vehicles on board the ro-ro vessel – including 498 electric vehicles – when a fire broke out last week. The...
New Infrastructure Australia CEO announced
THE AUSTRALIAN government on Monday announced Adam Copp as the new chief executive officer of Infrastructure Australia. IA is an independent body that conducts research and...
Investigation launched as Fremantle Highway burns
THE RO-RO vessel Fremantle Highway was still burning early on Friday morning, and there were reports of an investigation into the cause of the blaze. Fremantle Highway caught fire...
Fire breaks out on car carrier, one crewmember dead
A CREWMEMBER is dead and several others injured after a car carrier caught fire off the Dutch coast. The Panama-flagged Fremantle Highway (IMO 9667344) was sailing from Germany to...
Inland Rail border track receives environmental approval
THE STRETCH of Inland Rail track connecting Queensland and NSW has received environmental approval from the government. The Department of Climate Change, Energy, the Environment...
AiP issued for liquefied hydrogen carrier cargo systems
CLASSNK has issued an approval in principle for cargo containment and cargo handling systems for a liquefied hydrogen carrier. France-headquartered engineering company GTT...
UK and French governments launch charters to improve crew welfare
GOVERNMENTS of the United Kingdom and France have launched charters that aim to improve the wages and working conditions of seafarers. The UK government on 24 July launched its...
AMSA to sharpen focus on deficiencies and detention rates in Aussie waters
THE AUSTRALIAN Maritime Safety Authority has released its National Compliance Plan 2023-24 outlining plans to strengthen focus on maritime issues in Australian waters. The...
Kuehne + Nagel reports “solid” first half results
SWISS transport and logistics giant Kuehne + Nagel reported what it said were “solid” results in a “challenging market environment”. Net turnover for the first six months of 2023...
Marika Calfas joins TT Club board
FREIGHT insurer TT Club has appointed NSW Ports chief executive officer Marika Calfas to the board. Ms Calfas is one of four board appointments the insurer announced on Monday...
DSV upgrades outlook on first-half results
DANISH logistics colossus DSV reported what it said were a “solid” set of results despite soft market conditions for the first half of 2023. The company’s gross profit was down...
