Grant to boost cotton exports
THE AUSTRALIAN government has given a grant of $890,000 to the Australian Cotton Shippers Association and Cotton Australia. The funds are to go to an engagement, education and...
Exporters welcome end of "barley dispute" with China
GOVERNMENT, industry and and exporters are celebrating China’s move to scrap tariffs on Australian barley. The Australian government announced on Friday that China had decided to...
Maersk Q2 revenue down across the board
MAERSK’s revenue dropped 40% in the second quarter of 2023 and its EBITDA plunged 72%. The company’s Q2 revenue of US$13 billion was down from the US$21.7 billion it posted in the...
New vessels join NSW Maritime fleet
NSW Maritime has welcomed the first of five new incident response vessels into its fleet. The Australian-built vessels were designed to support first responders in maritime...
Two more charged over bulk-carrier cocaine bust
TWO more people have been arrested over an attempt to smuggle 850 kilograms of cocaine into Australia hidden on a bulk carrier. Police believe the man (37) and woman (32) from...
The DCN Weekly: Episode 59
IN THE news this week, a ballot for protected industrial action filed by the Australian Maritime Officers Union received unanimous support from its members working for Poseidon...
Poseidon pilots hold off industrial action in Brisbane
THE AUSTRALIAN Maritime Officers Union has agreed to hold off taking industrial action against employer Poseidon Sea Pilots at the Port of Brisbane for at least another week. The...
Drone attack hits Ukrainian seafarers centre
A DRONE attack on the Ukrainian port of Izmail on 2 August hit the local seafarers centre. The Izmail Seafarers Centre was housing families made homeless by bombing in other parts...
Revenue in decline at K Line
JAPAN’S K Line has posted a decline in revenue and ordinary income for the first quarter of the 2023 financial year. Operating revenues for the first quarter of the 2023 financial...
Poseidon pilots in Brisbane vote in favour of industrial action
A PROTECTED industrial action ballot filed by the Australian Maritime Officers Union has received unanimous support from the Poseidon Sea Pilots workforce in Brisbane. The vote...
Hapag-Lloyd completes terminal business acquisition
HAPAG-LLOYD has acquired the entire terminal business of Chilean terminal operator SM SAAM. The transaction includes interests in ten terminals across Chile, the US, Mexico,...
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...
