CMA CGM posts sharp second quarter profit rise as growth outstrips market

French line achieves ROIC of 14% and volume growth of 6.2%, signs Cameroon concession

CMA CGM’s net profits soared 67% in the second quarter to $156m despite falling freight rates. Return on invested capital was sharply higher at 14%, up 6.1 percentage points from 7.9% previously.The...

Biosecurity Act consultation begins

A public consultation campaign should help Canberra develop regulations for the new Biosecurity Act, which takes effect in June next year.

Box ports bear brunt of economic woes

Analysts lower projections for annual global throughput growth through to 2020, but the increase in container volumes handled by the world’s ports will still be colossal

Rotterdam eyes Indonesia deepsea port project

Dutch and Indonesian port authorities to jointly explore development of Kuala Tanjung in North Sumatra

GRI relief for Asia-Europe carriers

But lines unable to achieve the jump in freight rates they sought

CMHI expects overseas ports to generate further growth momentum

Development of domestic ports is hampered by the country’s decelerated economy

Patrick wins negligence appeal against former security guard

A former security guard on the Patrick Port Botany site has lost his personal injury lawsuit against Patrick, and also his former employer FBIS, after the companies successfully appealed their earlier loss in court.

Big changes to Swire’s Asia-Pacific Coverage

Swire has changed its Asia Pacific services, adding a new Brisbane service, cutting transit times and increasing Trans-Tasman frequency.

No guarantee of a bright Christmas: VTA

The Victorian Transport Association hints at bearish markets in the lead-up to Christmas.

Agriculture Department issues stinkbug warning

New conditions on the handling of stinkbugs have implications for importers of machinery from the United States.