Maersk marks 30 years in Australia with seven new facilities
MAERSK has announced the opening of seven new facilities across the country as it marks its 30 years in Australia. Six of the seven new facilities will be omnichannel fulfilment...
ONE profits fall 97% in Q2
OCEAN Network Express has reported a 97% decrease in net profit after tax for the second quarter of the 2023 financial year. ONE’s second-quarter NPAT came to US$187 million,...
NZ port's underlying NPAT up 48% in FY 2023
CENTREPORT Wellington has reported an underlying net profit after tax of NZ11.9 million for the year ended 30 June 3023, up 48% from NZ$8 million the prior year. The North Island...
Further industrial action at DP World terminals
FURTHER industrial action has been announced for DP World’s Australia terminals. DP World announced in a statement that the Maritime Union of Australia had given notice of work...
New chief executive at national rail safety regulator
THE OFFICE of the National Rail Safety Regulator has appointed Natalie Pelham as its new chief executive. Dr Pelham will take on the role from Sue McCarrey who left ONRSR in...
Major construction concludes on Inland Rail section
INLAND Rail has completed major construction on the Narrabri to North Star Phase 1 section of track. Completion of this part of the route allowed the upgraded track between...
Australian charged over Ports of Auckland drug bust
FOUR men, including an Australian national, were charged after NZ authorities seized 140 kilograms of cocaine at Ports of Auckland on the weekend. The haul was found in the cavity...
Victoria aims for net-zero freight emissions
THE VICTORIAN government, along with industry, will co-design policies, regulations, infrastructure and technology to accelerate the development of sustainable mobility. In a...
The DCN Weekly: Episode 71
IN THE news this week, the Maritime Union of Australia announced more protected industrial action at DP World’s Australian terminals....
MOL enters charter contact for new LNG carrier
MITSUI O.S.K. Lines has signed a long-term charter contract for a newbuild LNG carrier with a vessel operation management company funded by Japanese energy firm Jera. This is the...
Kuehne+Nagel sees volume trend reverse in Sea Logistics
KUEHNE+NAGEL has reported a return to volume growth in its Sea Logistics business unit in the third quarter of 2023. EBIT in Sea Logistics amounted to CHF 875 million (about $1.5...
DSV profit drops in first nine months of 2023
DANISH logistics giant DSV has reported a 15.1% decrease in gross profit and a 30.6% drop in EBIT in the first nine months of 2023. The company said the results were expected,...
Stonepeak to acquire container lessor for US$7 billion
INVESTMENT firm Stonepeak – which owns 70% of GeelongPort – is to acquire intermodal container lessor Textainer in a transaction valued at US$7.4 billion. Textainer announced over...
More industrial action at DP World
THE MARITIME Union of Australia has announced a new batch of protected industrial action at DP World’s Australia terminals, and the company, in a statement, has called on the...
Inland Rail appoints interim CEO
INLAND Rail has appointed an interim CEO while it continues its search for a permanent chief executive. Robert Rust, chair of the Inland Rail Board has been appointed to the...
