Increasing demand for the carriage of dry bulk overtakes shipping supply in dry markets causing, as any armchair economist could predict, rising freight rates. But it's not a super-surge by any means... Only a few brave souls would have predicted … [Read more...]
GeelongPort commits to Science Based Targets initiative
By GeelongPort GeelongPort became the first port in Australia to make a voluntary commitment to the Science Based Targets initiative (SBTi) in September 2020. By signing up and committing to the SBTi’s, GeelongPort is doing its part to reduce … [Read more...]
NYK to Build Company’s First LNG-Fuelled Capesize Bulk Carrier
By NYK Line NYK (a Shipping Australia member) has concluded a long-term consecutive voyage charter (CVC) contract with JFE Steel Corporation for a new large bulk carrier that uses LNG (liquefied natural gas) as its main fuel. This vessel will … [Read more...]
Shipping Australia welcomes new member Oldendorff Carriers
Shipping Australia is delighted to welcome major international dry bulk shipping company, Oldendorff Carriers, as our newest full member. Oldendorff Carriers is a leading dry bulk ship owner headquartered in Germany that operates approximately 700 … [Read more...]