Hapag-Lloyd profits down while volumes flat for first three quarters of 23
HAPAG-Lloyd’s results for the first three quarters of 2023 showed a decline in revenue, earnings and profits on the back of static volumes, due to what the company called a...
Qube reports first-quarter earnings growth
LOGISTICS company Qube reported earnings growth in the first quarter of this financial year, saying the quarter had been solid and consistent with guidance. In an ASX announcement...
IATA reports uptick in air cargo demand
THE INTERNATIONAL Air Transport Association has reported an increase in air cargo demand in September. IATA said the increase shows that demand is continuing to recover in global...
Government responds to Strategic Fleet Taskforce Report
THE STRATEGIC Fleet Taskforce detailed a path to the establishment of an Australian strategic fleet in its final report, made public on Wednesday (8 November). The government...
Australia pursues export opportunities in China
AUSTRALIA is hoping to secure export opportunities in China as a major trade event continues in Shanghai. Prime Minister Anthony Albanese, trade minister Don Farrell and a slew of...
Qube acquires Stevenson Logistics
QUBE has entered an agreement to acquire Stevenson Logistics, a transport and logistics firm based in Fremantle. In an announcement to Stevenson Logistics customers last week,...
Maersk to cut 10,000 jobs from global workforce
MAERSK intends to reduce its global workforce by about 10,000 positions to deal with challenging market conditions and a “worsening” price outlook in its Ocean segment. Maersk was...
Bell Bay named preferred site for subsea cable facility
AUSTRALIAN renewable energy company SunCable has named Bell Bay as the preferred site for an advanced cable manufacturing facility. The proposed facility would aim to address...
ARTC to upgrade communications for national rail network
THE AUSTRALIAN Rail Track Corporation has announced upgrades to its national train communications system (NTCS). ARTC plans to roll out 4G capability for all services across the...
Inland Rail completes first Victorian project
INLAND RAIL has completed the first of 12 projects in Victoria. The first project involved lowering the track under a bridge in Barnawartha North, on the Victorian border near...
Swissport launches air cargo operations in Australia
AVIATION services company Swissport launched its first air cargo operations in Australia this week, commencing at Sydney Airport on 1 November. Swissport’s Australian operations...
The DCN Weekly: Episode 72
THE MARITIME Union of Australia announced more protected industrial action at DP World's four Australia terminals this week....
Q3 earnings increase at Wallenius Wilhelmsen
WALLENIUS Wilhelmsen has reported total EBITDA of US$478 million for the third quarter of 2023, a 9% increase on the same period last year. The company attributed the growth in...
Container management platform to launch at Melbourne terminal
PATRICK Terminals and OneStop are launching container management platform OptiBook at Patrick’s Melbourne terminal. OptiBook is integrated with the OneStop Vehicle Booking System....
Sydney man charged over air-freight meth shipment
A SYDNEY man has been charged over a shipment of methamphetamine hidden in an air cargo consignment of picture frames. Australian Federal Police launched an investigation in June...
