The dry bulk capesize market could be headed for rougher seas on the back of diminishing growth in demand volumes and the still growing capesize fleet, according to Bimco.

Royal Boskalis Westminster N.V. (Boskalis) has clinched a EUR40m ($45m) contract for the widening of Australia’s Port Adelaide Outer Harbor shipping channel.

Mediterranean Shipping Company (MSC) will be upgrading its Australia Express service between Europe/Indian Ocean and Australia under a new partnership with CMA CGM.

South Korean LNG project developer EPIK has penned an agreement with Hyundai LNG Shipping to develop FSRU projects on a global basis.

Heavy monsoon rains in Australia are impacting the operations of coal terminals with Abbot Point suspending berthing operations and cargo delays at other facilities.

Global multi-purpose vessel (MPV) operator AAL is boosting its scheduled North and Southeast Asia to Australia West Coast Liner Service (AUWC) to a monthly service with the addition of a second MPV vessel. The expansion comes on the back of very strong growth (16% in 2017/1018) for Western Australia’s $109bn mineral and petroleum industry - due mainly to rising commodity prices, stronger than expected export demand and growing local production.

The Baltic Exchange has started a public trial of its LNG shipping index.

Leading ship registry, the Liberian Registry has backed an Australian initiative calling on the International Maritime Organization (IMO) to reconsider transparency and the role of industry bodies in the organisation.

In the great scheme of things, the Pacific Island communities rarely feature, occasional exceptions including the powerful interventions of the Marshall Islands at the recent IMO climate debates.

APL is continuing to expand with differentiating new services, unveiling a new weekly China to Australia service that is designed to provide the industry’s fastest transit time on the trade.

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