Inland Rail announces possible contractors for Victoria projects
INLAND Rail, a subsidiary of Australian Rail Track Corporation, has shortlisted construction contractors CPB Contractors, John Holland and McConnell Dowell to build the final...
MSC acquires majority stake in cargo airline
MSC has bought a majority stake in Italian air freight carrier AlisCargo Airlines with plans to acquire the entire airline. MSC expects to acquire 100% of the Milan-based carrier...
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...
First freight trains arrive at Tauranga's inland port
AN INLAND port on New Zealand’s North Island recently welcomed its first two freight trains from the ports of Tauranga and Auckland. The NZ$60 million Ruakura Inland Port is a...
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...
Silk acquires Secon
SILK Logistics has acquired Melbourne-based port and bulk logistics provider Secon Freight Logistics. Secon operates with about 160 staff across two sites in Victoria. It provides...
Two significant east-coast freight lines shutting down for maintenance
THE AUSTRALIAN Rail Track Corporation is carrying out major maintenance shutdowns of two significant freight rail routes in the coming days. In one shutdown, ARTC is carrying out...
Project to boost grain at ports wraps up in WA
CBH has completed the first of 11 rail siding projects aiming to boost grain tonnage delivered to Western Australian ports. An upgrade to the rail siding at Co-operative Bulk...
Biosecurity forum tackles risks of pests on containers
AN INTERNATIONAL forum co-hosted by Australia gave industry and government the opportunity to tackle the biosecurity risks of hitchhiker pests on containers. The Department of...
NYK reports decreases in revenues and profits
SHIPPING and logistics conglomerate NYK reported decreases in revenues and profits in the first quarter of the Japanese financial year, which began on 1 April. For the three...
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,...
ARTC freight line shutdown for $45m track upgrade
THE AUSTRALIAN Rail Track Corporation has announced a rail shutdown as it works on a $45 million freight line upgrade in New South Wales. Throughout August, ARTC will be carrying...
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...
