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Slower fleet growth linked to capes’ rate surge

Capesize rates have been surging because fleet growth slowed dramatically during the last few months, leading to fewer vessels being available to carry cargoes, according to fresh analysis of the market.

Ports not acting in face of climate change risk

Operators of ports are not acting to address risks to assets from climate change despite being particularly vulnerable.

HPH Trust sees quarterly profits drop 9%

Hutchison Port Holdings Trust, the Singapore-listed trust that includes HPH’s top China port assets, posted a 9% year-on-year decline in profits to HK$1bn ($129m) for the quarter ending September 30 on a 3% rise in revenues to HK$3.3bn.

Tauranga remains hopeful of dredging approval

Port of Tauranga chief executive Mark Cairns says he hopes the courts will give the green light to dredging its shipping channels, allowing for work to begin later next year.

Global role for TT-Line head

Liferaft Systems Australia managing director Mike Grainger has been appointed chair of Interferry, a global ferry industry group representing 225 members across 38 nations.

Seaway takes on Maersk WA functions

Independent ship agency Seaway has expanded to Western Australia, opening a Fremantle branch to handle new business including some of Maersk’s WA administrative service work.

Ningbo Marine taken over by power company

Ningbo Marine, a medium-sized dry bulk player controlled by its local government, has been taken over by a power company, finalising a month’s long tender that runs afoul of Chinese shipowners’ plans for more independence.

Blog: Consultation required on port fees and reforms

Lloyd's List Australia is joined today by guest blogger Paul Zalai, Director of Freight & Trade Alliance (FTA): www.FTAlliance.com.au. Opinions in this blog are those of the author and do not constitute the views of Lloyd's List Australia.