Lloyd's List DCN Latest News

Breaking shipping, logistics, trade and transport news.

12% of world tanker fleet facing scrapping

Investment bank DNB estimates that 44m dwt of dirty tanker tonnage will be scrapped between the start of this year and the end of 2015.

Major supramax markets diverge

Pacific and Atlantic supramax markets diverged further last week, as weak commodity markets dragged down the Pacific trade.

New salvage facility for Cairns

TITAN Salvage has opened a new facility equipped for heavy salvage work and wreck removal jobs in and around the Great Barrier Reef

Panama Canal fees hike planned for July

PANAMA Canal tolls are set to be increased by an unspecified amount from the start of July.

Worker dies in Newcastle wharf tragedy

A maintenance worker died from “severe head injuries” while working on a vessel berthed at Newcastle Port, according to police.

Rena officers sent to prison

Officers in charge of the ill-fated container ship Rena have been jailed.

Asia Maritime Pacific and OSL Holdings announce merger

Two privately-owned Hong Kong-based dry bulk operators have merged in a deal that they say will deliver expansion and cross-selling opportunities in the intra-Asia, Asia-Australia and China-Africa trades.

CSCL set to borrow US$100m to build working capital

China Shipping Container Lines plans to borrow $100m from China Development Bank (CBD) to replenish its working capital amid continued heavy losses.

Great Barrier Reef shipping traffic to surge

Coal-carrying ships will account for over half of all ships passing through the Great Barrier Reef with traffic expected surge over the next eight years.

Man gets life for ecstasy smuggling

A man has been jailed for life for his role in attempting to smuggle 15m ecstasy tablets in a shipping container.

Pirate fleet attacks cargo ship at Fujairah

A massive escalation in capability, threat and range has been revealed by pirates who sent a fleet to raid the shipping in the waters off Fujairah.

Stevedores back new waterfront security regime

Federal government efforts to crack down on waterfront crime have received support from the major stevedores.

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Ray Fehlberg, “supply chain champion,” passes away

Colleagues from the transport industry yesterday gathered to farewell a stalwart of grain logistics and advocate for vital transport infrastructure in Victoria, Ray Fehlberg, who died suddenly on May 13.

Drought threatens next Australian grain harvest

Dry weather in eastern Australia is threatening the local grain harvest even before it is fully planted, according to figures published yesterday.