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Ports-Oceania Australia

Norway Orders Five Anti-Submarine Frigates From UK for $13.5 Billion

Norway has selected the British Type 26 frigate built by BAE to meet a requirement for ‘at least’ five anti-submarine vessels. The announcement was made...

Neptune Pacific implements bunker adjustment factor surcharge

Neptune Pacific has announced the implementation of a new Bunker Adjustment Factor surcharge, which will take effect on all shipments from 1 October 2025. The...

Australia’s VICT signs no strike union deal

Victoria International Container Terminal (VICT), a subsidiary of the Filipino-listed International Container Terminal Services Inc., has a signed a four year no-strike deal with...

Austal subsidiary signs strategic shipbuilding agreement

Austal Defence Shipbuilding Australia has officially signed a Strategic Shipbuilding Agreement (SSA) with the Australian government, positioning itself as the primary shipbuilder for Tier...

Panamax Freight Rates Dip After Two-Week Surge

After a steady climb over the past two weeks, average spot rates for panamax bulkers experienced a slight decline on Friday. This drop comes...

Prysmian wins €600m deal for Australia’s Marinus Link subsea project

Prysmian has received the notice to proceed for the Marinus Link project, a new undersea power and telecommunications interconnector between Victoria and Tasmania, Australia....

Port of Melbourne sets record with $154 billion trade in FY25

“The Port of Melbourne remains Southeast Australia’s leading trade gateway, handling a record $154 billion in trade during Financial Year 2025 (FY25).” Read the...

G20 merchandise trade showed modest growth in Q2 2025, while services trade growth accelerated amid increased trade uncertainty

G20 merchandise trade, measured in current US dollars, delivered mixed results in Q2 2025, compared with Q1 2025. While exports grew by 2.6%, imports...

Soybeans set for weekly drop on lack of Chinese demand

Soybeans edged higher on Friday, but the market is on track for its first weekly decline in three weeks as a lack of Chinese...

Australia’s Qantas says appetite for travel boosts profit, shares surge

By Sameer Manekar and Byron Kaye (Reuters) -Top Australian airline Qantas said annual profit jumped by nearly one-sixth as a post-pandemic rebound in domestic travel...
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