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Shipping

Yesterday

Island Explorer at Holdfast Reach on the Victoria River in the NT.

Inside an expedition to locate the Beagle’s lost anchors

A remote river in the Northern Territory is being persuaded to reveal its secrets. Yet like any wild thing, it does not wish to be known.

  • Paul Toohey

September

Linx Cargo Care Group makes $600 million a year.

Brookfield fires starter’s gun on Linx, sends Project Europe docs

Street Talk can reveal Brookfield’s sellside advisers have formally launched the auction for the Australia and New Zealand logistics business Linx Cargo Care.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
SCF Containers CEO Justin Speedy.

SCF Containers’ rebooted auction revs up; I Squared tipped to look

Sources said Florida-headquartered infrastructure investor I Squared Capital lobbed a bid in the Jefferies-run sale process for SCF Containers last year.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Workers on Chevron’s Wheatstone LNG platform have started three weeks of escalating strikes.

European gas prices jump as workers strike at Chevron LNG plants

Unions have kicked off three weeks of escalating strikes at Chevron’s Gorgon and Wheatstone projects that will disrupt gas exports.

  • Updated
  • David Marin-Guzman and Angela Macdonald-Smith

August

Military boat builder Darren Schuback has been in the US winning contracts and preparing for expansion.

Australian army boat builder raising $20m for US expansion

Sydney-based The Whiskey Project already has $50 million in contracted revenue from Australian federal and state police departments.

  • Matthew Cranston
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P&O Cruises Britannia, which collided with the tanker.

P&O cruise ship crashes into petrol tanker, injuring passengers

The BBC said the passenger vessel had broken free of its moorings on the Spanish island of Mallorca in a storm. Port authorities cited high winds.

  • Reuters
Sutherlands Transport is located half-way along the Sydney to Melbourne route.

Smart cities play Clara checks out trucker Sutherlands Transport

Family-owned trucking business Sutherlands Transport has landed on the radar of ambitious infrastructure player Clara.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
While gas prices are still well off the highs seen about a year ago, volatility this European winter could mean higher bills for households.

Why Europe fears Australian gas strikes

Experts warn volatility from strikes at Woodside and Chevron gas plants in Australia could mean higher bills for households and industry this northern winter.

  • Updated
  • Anna Shiryaevskaya and Ruth Liao
Yuku Fukuma from Kawasaki Heavy Industries is moving to Melbourne to push ahead with work on the HESC coal-to-hydrogen project.

‘All options’ needed on hydrogen: Japan ramps up push on CCS

Japan’s backers of a venture to turn Victorian coal into hydrogen lack confidence in Australian governments’ support for the carbon capture-reliant project.

  • Angela Macdonald-Smith
In this grab taken from video released on Friday, Aug. 4, 2023, a drone manoeuvers as it approaches the vessel claimed to be a Russian large landing ship.

Ukraine says its drones damaged a Russian warship

The strike on Novorossiysk marked the first time a commercial Russian port has been targeted in the nearly 18-month-old conflict.

  • Hanna Arhirova and Emma Burrows

July

A Maersk ship powered on green methanol, and looking much like this image, will dock on Copenhagen in mid-September.

Maersk’s big punt in the race to green shipping

The world’s second-largest shipping company can’t wait for ships fuelled by ammonia, hydrogen or batteries - it’s putting its chips on green methanol.

  • Hans van Leeuwen

June

The Titan was a small vessel that was launched from another ship, the Canadian icebreaker Polar Prince.

Push for tougher ‘tourist sub’ rules after Titan tragedy

Submarine tourism in international waters should be revisited to clear up this often “grey area” of law, global maritime law experts said.

  • Fiona Carruthers
A submarine on a tourism expedition to explore the wreckage of the Titanic has gone missing off the coast of south-eastern Canada.

$365k-a-ticket Titanic tourist sub vanishes with billionaire on board

The vessel on an expedition to explore the wreckage of the famous ship has gone missing off the coast of south-eastern Canada.

  • Updated
  • Susie Coen, Maighna Nanu and Michael Murphy

May

SCF Containers CEO Justin Speedy/

Intermediate Capital resurrects SCF Containers sale, hires new adviser

Street Talk understands ICG has parted ways with Jefferies for SCF Containers and called in Rothschild.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
A computer-generated image of a Provaris vessel transporting compressed hydrogen.

Hydrogen exports yet to clear technical hurdles, shipper warns

Provaris Energy’s study suggests almost half the energy content of hydrogen can be lost when shipping it as ammonia or as a liquid.

  • Hans van Leeuwen
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Imports of full containers through Sydney’s Port Botany fell more than 7 per cent in April compared with a year earlier.

Importers warn of $1b fee hit from stevedores, ports

Port users are warning new charges and higher fees scheduled for later this month will bolster stevedores’ profits but contribute to higher inflation.

  • Jenny Wiggins

April

Port of Melbourne executive Shaun Mooney says the port could become a green methanol refuelling hub

Port of Melbourne to ride ‘tsunami’ of green methanol

The port is working with renewable energy companies and shipping lines to investigate refuelling ships with green methanol from Tasmania and western Victoria.

  • Jenny Wiggins

March

Scott’s Refrigerated Logistics was placed into administration last month

Why bankers are bracing for more private equity failures

Industry leaders predict that an increasing number of private equity groups will abandon loss-making assets after Scott’s Refrigerated Logistics collapsed last month.

  • Karen Maley

February

Qube owns 50 per cent of Patrick container ports.

Qube net profits double on demand for grain, steel and cars

Qube’s shares soared to their highest level in more than a year after the logistics group surprised investors with a doubling in interim net profit to $111 million.

  • Jenny Wiggins
Victoria International Container Terminal  has told the Port of Melbourne it is prepared to invest $500 million over the next decade expanding its existing terminal to the north.

Port operator’s $500m bid to bring globe’s biggest ships to Melbourne

An unsolicited bid to expand automated container handling operations claims it will build a new terminal at “lowest cost”.

  • Jenny Wiggins