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Record congestion as 100 bulkers wait off Hay Point
Australian bulk port congestion has peaked above 220 ships with a record 102 bulk carriers waiting to load coal from the port of Hay Point this week in the wake of Cyclone Ului.
Melbourne throughput returns to pre-GFC levels
Boosted by strong growth in containers, total trade through the port of Melbourne has now drawn level with pre-global financial crisis volumes, down just 0.1% for the financial year-to-date, Port of Melbourne Corporation said yesterday.
Maersk saves US$2bn in costs and looks for more
Maersk group chief executive Nils Andersen has called on the carrier’s staff to help bring about a further US$500m in cost savings over the course of this year.
Fletchers Freighters calls in administrators
Two years after its 50th anniversary, South Australian regional road haulage firm Fletchers Freighters is under voluntary administration, with McGrathNicol now in control of the family firm.
Draft study backs Oakajee feasibility
Oakajee Port & Rail (OPR) has completed a draft feasibility study, opening the way to finalise the port and rail project's supply chain configuration, co-owner Murchison Metals said today.
HSBC's gloomy outlook for container shipping
Container shipping faces a listless two years as rate recovery is "crushed by overcapacity, industry indiscipline and slowing demand growth".
Boskalis makes Smit offer unconditional
Dredging giant Boskalis has declared unconditional its €60-per-share and dividend offer for fellow Dutch maritime services company Smit, with almost 90% of the shares accepted.
Government to ban noisy airfreighters
Noisy freight jets will be banned from Australia’s major airports from September in an effort to minimise the impact of aircraft noise on surrounding areas.
