News

After passing through Parliament on Monday, the Federal Government’s Coastal Shipping Package will receive royal assent on June 22, and will become operational from July 1.

An earthquake which hit Victoria on Tuesday evening will force the Port of Melbourne to survey some infrastructure for possible damage.

Port productivity has gone backwards even while worker wages have continued to rise, says a new report by the Castalia economic analysis group which was commissioned by Ports Australia.

Cash flows are coming under increasing pressure in all major shipping sectors, according to shipping finance sources.

US west coast container hubs Los Angeles and Long Beach have recorded contrasting box throughputs in May and for the calendar year to date.

A further $400 million will be forked out to consolidate the import and export auto trade at Webb Dock, the Victorian Government says.

Minister Anthony Albanese’s major shipping reforms are a mere inking away from becoming law after the bills passed through Parliament yesterday.

Second quarter container volumes between Australia and Europe have started strongly with imports climbing for a fifth consecutive month, according to the latest data from Container Trades Statistics (CTS).

Licence conditions for customs brokers will be subject to change from July 1 this year.

Bunker prices are falling to levels last seen 15 months ago, offering respite to shipowners struggling to pay the exceptionally high prices seen over the last year.

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