Move Logistics revenue drops with "disappointing" freight results
MOVE Logistics has reported lower earnings and revenue in the 2023 financial year, attributed to “disappointing” results in the freight division. The Kiwi transport and logistics...
NYK to study liquefied CO2 transport
A CONSORTIUM of energy companies commissioned NYK to conduct a study on the marine transportation of liquefied carbon dioxide. The consortium comprises Japanese petroleum firm...
Wellard reports FY net loss of more than US$15 million
LIVESTOCK shipping company Wellard’s financial results for the 2023 financial year make for some grim reading. The company reported a net loss for that year of US$15.5 million –...
Cruise ship Covid protocols scrapped ahead of busy season
NEW South Wales premier Chris Minns has scrapped remaining Covid mandates for the cruise sector. The Eastern Seaboard and Western Australian Cruise Protocols were introduced in...
Incat Tasmania builds "world's largest" battery electric ship
INCAT Tasmania is building what it claims is the world’s largest lightweight battery electric ship. The Australian shipbuilder is constructing the 130-metre-long ro-pax vessel for...
Approval withdrawn from Nuyina's Tasman Bridge transit
TASPORTS has withdrawn its conditional approval for icebreaker Nuyina to sail under the Tasman Bridge to refuel in Hobart. A non-standard vessel assessment has found the...
New SeaSwift vessel to arrive in October
NORTHERN Australia shipping specialist SeaSwift is to receive a new vessel in October. The purpose-built Newcastle Bay II is due to arrive at Cairns in October after successful...
Qantas Freight revenues fall in FY23; still well above pre-Covid levels
QANTAS posted its first full year statutory profit since the 2019 financial year. The company reported an underlying profit before tax of $2.47 billion and an after-tax profit of...
NYK buys stake in car terminal
NYK has acquired a 25% stake in an Indonesian car terminal operator. Patimban International Car Terminal (PICT) is based at the port of Patimban, which has been under construction...
PacTow GM's channel swim triples fundraising target
A FUNDRAISING swim across the English Channel by Pacific Towing general manager Neil Papenfus has raised more than three times the original target. Mr Papenfus is preparing to...
Svitzer designing methanol-powered tug
DENMARK-based towage provider Svitzer has launched the second phase of its project to design what it says will be the world’s first methanol hybrid fuel cell tug. Svitzer said it...
Poseidon pilots to strike in Brisbane
PILOTS at the port of Brisbane will go ahead with industrial action against their employer Poseidon Sea Pilots. Pilots represented by Australian Maritime Officers Union intend to...
The DCN Weekly: Episode 61
IN THE news this week, the CEO of Ports Victoria announced his resignation. https://open.spotify.com/episode/5kwaLRsZBbpHljoyydM6ai?si=2443c9a60ece41eb Also this week, Port of...
NYK to develop Japan's first ammonia bunkering boom
NYK Line has agreed to take part in developing Japan’s first bunkering boom for ammonia. Under a basic agreement signed 16 August, NYK will work with TB Global Technologies, a...
Svitzer gears up for emergency exercise in QLD
SVITZER Australia is preparing for an emergency towage exercise in Cairns and Mourilyan. Svitzer is planning emergency response training in Far North Queensland on 29 and 30...
