Port Report: global box-terminal operator DP World reports revenues of US$5.65 billion

Port Report: global box-terminal operator DP World reports revenues of US$5.65 billion

International terminal mega-operator, DP World, has announced a solid set of results for 2018. Revenues, earnings before interest taxation depreciation and amortization (EBITDA), and net profit all substantially increased last year compared to 2017. Acquisitions and increased box volumes drove revenues and profits. DP World has announced investment plans for 2019.

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Indonesia and Australia sign new free trade agreement

Indonesia and Australia sign new free trade agreement

Trade ministers from Indonesia and Australia signed a new free trade agreement (FTA), the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), in Jakarta, Indonesia, on March 4. The new agreement eliminates nearly all tariffs on the two-way trade in goods between the two nations. A wide variety of non-trade barriers will also be removed.

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Australia faces major shortfall of seafarers

Australia faces major shortfall of seafarers

A maritime labor-supply demand gap is opening up in Australia as its marine workforce is old and getting older, according to a new report from local domestic trade association Maritime Industry Australia. Worse still, there are fewer and fewer young people entering the local maritime industries.

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GrainCorp to sell liquid terminals business for USD$248 million

GrainCorp to sell liquid terminals business for USD$248 million

GrainCorp, an agribusiness and bulk-ports operator, has agreed to sell its Australian bulk liquid terminals business to independent bulk liquid storage company, ANZ Terminals, for about AUD$350 million (USD$248 million).

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Minor bulks generate billions for major miner Rio Tinto

Minor bulks generate billions for major miner Rio Tinto

Australian miner Rio Tinto generated over US$12 billion (all figures in U.S. dollars) from its bauxite, alumina and aluminum production in 2018. It predicts about 67 million tonnes production of bauxite, alumina and aluminum this year. These minor bulk commodities are significant seaborne cargoes.

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WiseTech acquires Containerchain for AU$92 million

WiseTech acquires Containerchain for AU$92 million

Worldwide customs and logistics software provider WiseTech Global has today announced the acquisition of Containerchain, a provider of a shipping container tracking and managing systems for AU$92 million (just over USD$65.8 million) in cash.

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Global logistics giant Toll unveils two new Bass Strait ships

Global logistics giant Toll unveils two new Bass Strait ships

Global logistics player, Toll, has officially launched two new roll-on, roll-off (ro-ro) ships for the carriage of trucks and containers across the Bass Strait between mainland Australia and the island of Tasmania. The first commercial sailing begins in a few days on March 1. FreightWaves reviews the vessels in detail, describes the local wharf upgrades and analyses the Bass Strait trade.

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Don’t panic: China has not ‘banned’ Australian coal imports

Don’t panic: China has not ‘banned’ Australian coal imports

Widespread jitters in the Australian political and business communities that China may have banned imports of Australian coal now appear to be unfounded. Customs clearance delays at Dalian are happening owing to entirely “normal” reasons and coal cargo can be re-routed around a given port anyway, coal mining and coal transport executives have explained to FreightWaves.

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WiseTech knocks company earnings out of the ballpark

WiseTech knocks company earnings out of the ballpark

Sydney, Australia-headquartered customs and logistics software provider WiseTech Global yesterday released details of massive increases in revenues and profits. ASX-listed WiseTech reported that total revenues increased by 68 percent.

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Brambles revenues in black… profits in red

Brambles revenues in black… profits in red

Brambles, a supplier of reusable pallets, crates and containers for the supply chain industries, recorded strong revenue growth but its profit was much lower in the first half of its financial year, according to results released to the Australian Stock Exchange.

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Major legal setback for coal mining in Australia

Major legal setback for coal mining in Australia

An Australian court has refused permission for the creation of a coking-coal mine in New South Wales on the grounds that it would adversely contribute to greenhouse gas (GHG) emissions and would set back the fight against climate change. Legal scholars are hailing the decision as a “hugely significant” ruling.

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Wharfies fired up over alleged threat to income protection benefits

Wharfies fired up over alleged threat to income protection benefits

Longshoremen working for DP World Australia (DPWA) are fired up over an alleged threat to their income protection insurance. That benefit was granted to them by the company three years ago in the last round of negotiations for a collective employment contract known as an “enterprise agreement”.

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EXPLAINER: Why Australia's longshoremen companies are fighting the Maritime Union

EXPLAINER: Why Australia's longshoremen companies are fighting the Maritime Union

Every three years each of the stevedore companies enter into a protracted and bitter dispute with the local longshoremen’s representative body, the Maritime Union of Australia. This short article explains how and why.

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Industrial unrest spreads to Australia’s largest stevedore

Industrial unrest spreads to Australia’s largest stevedore

Wharfies are eyeing strikes at DP World Australia in pursuit of better terms and conditions in their next collective employment contract. Asian maritime shipping schedules and landside Australian logistics timetables could be thrown into disarray.

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