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Shares drop as Toll hit by revenue and profit fall
Toll Holdings’ after tax profit slumped 32% in the first half of 2009/10 and the transport and logistics operator forecasts that its second-half performance will be much the same.
Empty box problem exacerbated by lines: CBFCA
Importers and exporters claim they are bearing the added cost of chronic congestion at empty container parks in Melbourne, Sydney and Fremantle caused by the inability of some shipping lines to designate a site where boxes can be returned.
Super-slow tactics underpin box fleet recovery
Super-slow steaming is not only underpinning a nascent recovery in containership charter rates, but is set to effectively absorb as much as 350,000 teu from global fleet capacity this year.
Port safety in spotlight after Brisbane death
Workers at Australian ports were scheduled to pause at midday as a mark of respect for a colleague who died at the port of Brisbane on Saturday afternoon.
New ship monitoring system for Sydney's ports
Integrated system provider Sofrelog has won a $12m contract to install a new vessel surveillance system for Port Botany and Port Jackson.
'We were wrong', CMA CGM admits
Troubled containership owner CMA CGM has acknowledged it completely underestimated the duration and depth of the container shipping crisis, which has left the French line battling for survival.
