Rates flood gates may be opening
WITH Australasian trades finally catching the Drewry World Container Index’s cold, container lines are moving into rate recovery mode, a scenario that’s almost invariably...
World Container Index tumbles again
DREWRY’S World Container Index decreased 5% to US$3095 per 40-foot container this week. The index is now 70% below the previous pandemic peak of US$10,377 in September 2021....
Ports closed with cyclone to hit Pilbara today
THE PILBARA ports of Dampier and Varanus Island have closed as severe tropical cyclone Zelia, now a category 5 storm, bears down on the northwest of WA. Mine sites have closed and...
Australia's Rhumb folded into Cetus
RHUMB MARITIME, founded by Australian shipping veterans Ian Dalgliesh and Ross Toy, has been acquired outright by global dry bulk operator Cetus Maritime after a business...
Local liner trade update: First for Aust services
ANL/CMA CGM are anticipating a first for their Australasian trades with the imminent arrival of the dual-fuel (LNG) powered CMA CGM Baalbeck. The 8048 TEU newbuilding is currently...
Zelia tipped for category 5 as more northern ports cleared
CYCLONE Zelia has intensified rapidly to a category 3 overnight and is expected to reach category 5 before it crosses the coast. As the intense tropical cyclone bears down on...
Team Global Express inks deal with China's largest courier
TEAM Global Express has partnered with China’s largest courier, SF Express, to combine networks and increase bilateral trade. Under a deal announced on 13 February, TGE will...
SA exports maintain near-record highs
SOUTH Australia’s merchandise exports have topped $17 billion for the second calendar year running. The latest ABS full-year export data for 2024 marked an increase of more than...
Digital seafarer certification project in the works
THE INTERNATIONAL Chamber of Shipping has signed onto a project to digitalise seafarer certification processes. ICS will work with the Lloyd’s Register OneOcean platform and the...
76-tonne tobacco haul seized from "suspicious" ship off Aus coast
A BULKER behaving “suspiciously” off the Australian coast has been serving as a storage platform for illegal cigarettes, authorities revealed today (12 February). The...
Cyclone Zelia threat to Port Hedland
TROPICAL cyclone Zelia has been declared and continues to threaten “severe impact” to the east Pilbara coast or adjacent Kimberley coast later on Thursday and Friday. A tropical...
Dodgy steering behind beacon bash
THE AUSTRALIAN Transport Safety Bureau has released its findings into a Yarra River incident that intrigued the port community at the time and has led a leading containership...
HMM humming along
IN WHAT IT modestly describes as “a solid financial performance in 2024” South Korea’s HMM has reported an operating margin of 30% for the year. Operating profit increased 501% -...
NZ port to deploy private 5G network
CENTREPORT Wellington has announced plans to roll out New Zealand’s first commercial private 5G network later this year. Tū Ātea, a Māori-run spectrum and telecommunications...
North Queensland transport still struggling
EASING RAINFALL in North Queensland today has brought some relief to flood-hit areas but restoration of key transport links is a long way off. The temporarily-repaired Ollera...
