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Japanese lines jump ship in North Asia trade
Peak season import demand has driven lines in the North and East Asia-Australia trade to restore services cut earlier this year, but with an interesting twist.
West Atlas spill operation may take two months
The West Atlas drilling rig spill in the Timor Sea will take seven to eight weeks to cap, on a "conservative estimate", federal infrastructure and transport minister Anthony Albanese confirmed today.
DP World defends Botany storage hike
DP World has defended increases in its Port Botany container storage fees by up to 150%, while the national competition watchdog has confirmed it does not plan to investigate the price hike.
BP fuel import terminal in Newcastle opened
Federal resources and energy minister Martin Ferguson officially opened BP's new $40m liquid fuels import facility at the port of Newcastle this morning.
$30m cut from Austal result after one-off events
Austal managing director Bob Browning believes that were it not for events beyond its control, the Western Australian shipbuilder could have ended the financial year with almost $30m more in net profits than the $9.2m it eventually achieved.
AP Moller-Maersk in the red for first time
Danish energy and shipping giant AP Moller-Maersk has reported its first-ever loss.
Hapag-Lloyd bailout decision next month
The German Government will decide on Hapag-Lloyd's application for state guarantees by mid-September.
Tanker breaks moorings in Melbourne windstorm
Marine operators in Victoria are bracing themselves for more heavy winds following Friday's blasts which resulted in Teekay tanker Leyte Spirit breaking her moorings at Gellibrand Pier.
