Napier's revenue grows despite "significant" drop in trade volumes
NAPIER Port has reported an increase in revenue for the year to 30 September 2023 despite a “significant reduction” in trade volumes. The North Island port’s revenue grew 3.4% to...
Wiseway calls off airline acquisition
ASX-LISTED freight and logistics operator Wiseway has announced it will not proceed with plans to acquire Southeast Asian Airlines (SEAIR). Instead, it is “redirecting its focus”...
Cocaine seized from reefer at Tauranga
Authorities in New Zealand have intercepted about 35 kilograms of cocaine in a reefer at the Port of Tauranga. NZ Customs Service said they uncovered the haul during a routine...
Protesters target Israeli line at Botany and Melbourne
PROTESTERS have been targeting the Israeli shipping company Zim at Port Botany and the port of Melbourne. There is concern that protest activity may flare up again as other Zim...
CMA CGM’s Q3 results reflect downturn in container shipping
FRENCH ocean carrier CMA CGM reported significant downturns in revenues, driven in large part by tumbling revenues from its shipping division. The company said its shipping...
Achievements celebrated SCLAA awards
MORE than 470 guests met at the Australian Supply Chain and Logistics Awards on Friday night to celebrate the sector’s many achievements throughout 2023. The Supply Chain and...
Nine-month revenue, earnings and volumes up at ICTSI
INTERNATIONAL Container Terminal Services (ICTSI) has reported an EBITDA of US$1.11 billion for the first nine months of 2023, a 7% increase on the same period last year. Revenue...
New ship and port calls on trans-Tasman service
ANL is adding an additional vessel and three new port calls to its trans-Tasman service Tranztas (TTZ). ANL announced it would deploy the containership Palawan on the service and...
The DCN Weekly: Episode 73
A STRATEGIC Fleet Taskforce report was released to the public this week, along with the government's response to its recommendations....
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,...
