Australia News

On Friday, China announced a tariff increase of 34% on all US imports, in retaliation to the new tariffs announced by US President Donald Trump. These are in addition to tariffs implemented in February and March, focusing on goods such as grains, coal, LNG and crude oil.In 2024, China was the third largest importer of US exports (measured by value), accounting for 7% of US exports. Chemicals, computer and electronic products, agricultural products, transportation equipment and oil and gas made up 18%…

This year is the 80th anniversary of the end of WWII and PBS is releasing a documentary on Bob Hope and his involvement entertaining the troops and actual correspondence/letters with the service men and women, titled “Miles, Morale and Memories: Bob Hope and WWII,” narrated by Gary Sinise. Three hundred and fifteen stations are currently scheduled to pick up the documentary beginning in May.Bob Hope and his troupe of performers traveled more than 80,000 miles during World War II to entertain the troops. There were several close calls where Hope and his fellow entertainers were almost killed.

Average container freight rates for Chinese exports have dropped 28% since the start of the year, according to BIMCO. This posts the worst first quarter development in twenty years. Based on input from twenty-three liner operators, the China Containerized Freight Index (CCFI) reflects the general export freight rate level from ten major ports.The 28% fall reduced the CCFI from 1,548 at the beginning of the year to 1,112 at the end of the first quarter, not least due to a record high fall in spot freight rates.

U.S. President Donald Trump's policies that have rattled stocks around the world are benefiting Australian shipbuilder Austal, analysts said on Wednesday.Shares of the company, which supplies defence and commercial vessels to the Australian and U.S. navies among other clients, surged 35% in the three months ending March, clocking their best quarterly gains in nearly two years since June 2023.In contrast, the broader benchmark .AXJO lost about 4% on concerns of stretched valuations among financial stocks and the fallout from U.S.

Shell warned on Tuesday that a proposal in Australia to force more export gas into the domestic market could end up deterring investment and exacerbating shortages.Ahead of Australia's May 3 general election, energy has emerged as a major campaign issue with the conservative Liberal-National coalition pledging to bring down power bills and prevent a looming shortage on the east coast through a gas reservation scheme.However, Shell Australia Chair Cecile Wake said export controls…

Australia and Singapore have selected eight projects for funding as part of a A$20 million ($12.6 million) initiative to help reduce emissions in the maritime sector.The Australia-Singapore Initiative on Low Emissions Technologies (ASLET) supports the objectives of the Singapore and Australia Green and Digital Shipping Corridor (GDSC), which will help accelerate decarbonization and digitization of shipping routes between Singapore and Australia. It is jointly delivered by the CSIRO…

China deployed two long-range H-6 bombers around the Scarborough Shoal this week, in Beijing's latest move to assert sovereignty over the hotly disputed atoll in the South China Sea, satellite images obtained by Reuters showed.The deployment, which was not publicised by China, came ahead of U.S. Defense Secretary Pete Hegseth's visit to the Philippines, which also claims the shoal that lies within its exclusive economic zone of 200 nautical miles.China's defence ministry did not…

India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.The United States is India's second biggest supplier but the two sides are looking to ramp up volumes for India's energy-hungry economy, one of the fastest growing in the world.During Prime Minister Narendra Modi's U.S. visit last month, India pledged to increase U.S.

The popularity of ammonia as a fuel for shipping is likely to benefit from a growing number of green ammonia production projects. Shipowner confidence in the availability of ammonia was displayed this week by Belgian oil tanker group CMB.TECH and charterers Mitsui O.S.K. Lines and MOL Chemical Tankers as they signed deals for nine ammonia-powered bulk carriers and chemical tankers.Green hydrogen and ammonia projects around the world have advanced over the last few weeks. Last week…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates in the capesize segment.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 13 points, or 0.8%, to 1,621 points.* The capesize index shed 54 points, or 2.1%, to reach 2,527 points, lowest level since March 11.* "On the West Australia front, we see relatively limited cargoes and some enquiries for slightly forward end April dates…

A new study released by UMAS and UCL Energy Institute Shipping and Oceans Research Group shows that poor access to funding and higher costs of capital in developing countries could almost double the prices of e-fuels they produce, compared to developed economies, even when renewable energy resources such as onshore wind and solar are superior. The report, "The Cost of Capital Challenge in Delivering a Just and Equitable Transition for Shipping," compares the costs of producing e-ammonia - a promising low emission shipping fuel - across Australia, Brazil, India, and African nations.

“We estimate that coal shipments to China will show a 15% fall y/y during the first quarter of 2025, reaching a three-year-low. Seaborne cargoes have slowed due to weaker domestic demand and higher competition from domestic supplies and overland imports. Thermal coal cargoes have been particularly affected, though coking coal shipments have also decreased,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.During the first two months of 2025, thermal coal demand weakened due to a 6% y/y decrease in electricity generation from coal.

The Australian Renewable Energy Agency (ARENA) has announced the first recipient from its Hydrogen Headstart Program, with $814 million in funding allocated under round 1 to Copenhagen Infrastructure Partners’ (CIP) 1,500 MW Murchison Green Hydrogen Project in Western Australia.The Murchison Green Hydrogen project is being developed by CIP. Murchison involves large-scale production of renewable hydrogen and ammonia in Western Australia. The project will be located approximately 15 km north of the coastal town of Kalbarri and will include up to 1.5 GW of electrolysis and 3…

The Philippines and its allies are trying to expand the Squad grouping of nations to include India and South Korea to counter China in the Indo-Pacific region, the Philippines' Armed Forces chief General Romeo S. Brawner said on Wednesday.The Squad is an informal multilateral grouping made up of Australia, Japan, the Philippines and the United States, whose defence forces have conducted joint maritime activities in the Philippines' exclusive economic zone in the South China Sea…

In Australia, Gladstone Magistrates Court has fined Universal Shipping Alliance Ltd, owner of the bulk carrier KMAX Leader, A$63,000 ($40,000) for failing to comply with an Australian Maritime Safety Authority (AMSA) written direction and ordered them to pay court costs.KMAX Leader, a Liberia-flagged bulk carrier, entered the Port of Gladstone in October 2023 due to propulsion issues. The vessel undertook extensive work in November 2023 which failed to repair the ship’s propulsion.Concerned with the lack of an effective repair plan…

Ethical Farming Ireland and several other NGOs have sent an open letter to the European Commission and Commissioner for Health and Animal Welfare, Olivér Várhelyi, after the breakdown at sea of the livestock carrier Express M.The Express M departed Romania for Haifa on February 22 with 2,400 cattle and 460 sheep on board. Ethical Farming Ireland and Israel Against Live Shipments tracked the voyage.Shortly after departure, the vessel stopped and went to anchor for several days before resuming its journey at an abnormally slow speed of 3–4 knots.

This week, ABS issued type approval for IACS UR E27 cyber resilience requirements to Hanwha Systems for its cybersecurity solution SecuAider®.IACS requirements UR E26 “Cyber Resilience of Ships” and UR E27 “Cyber Resilience of On-Board Systems and Equipment” now apply to new ships, and they aim to help the industry protect itself from cyberattacks.Hybrid warfare tactics, where cyber campaigns precede or accompany physical confrontations, pose complex risks to maritime stakeholders, says Dryad Global.

A steel cutting ceremony has been held for a new RAsalvor 6500 at Rizhao GANGDA Shipbuilding (Shandong Port) in Shandong Province, China.Designed by Robert Allan Ltd. for Smit Lamnalco, Australia, and the Australian Maritime Safety Authority, the new emergency towing vessel will provide first response capability in the Great Barrier Reef and Torres Strait – some of the most precious marine environments in the world.The vessel is also intended to provide aids to navigation services and other marine services in the region.

Australia is scrambling to deploy new long-range missiles as the recent arrival of powerful Chinese warships off the Australian coast delivers a sharp reminder of Beijing’s growing naval muscle.In a move to boost military firepower, Canberra plans to arm Australian soldiers with anti-ship missiles and advanced targeting radars to protect the country’s vast maritime approaches, according to contract announcements as well as a flurry of recent official speeches and ministerial statements.Two…

HII was awarded a contract to deliver the new Australian Submarine Supplier Qualification (AUSSQ) pilot program over the next two years to accelerate the identification and qualification of Australian suppliers and products into the US submarine industrial base.The contract’s initial value is $6m with the option to extend based on achievement.“This contract represents a significant milestone in building a resilient and globally integrated supply chain for nuclear-powered submarines,” said Chris Kastner, president and CEO of HII.

Operating one of the world’s largest marine fleets of any kind, it is Svitzer’s local footprint that speaks volumes for its diverse and far-flung workforce and assets. Strengthened by a multi-national team, providing value in more than three dozen countries, Svitzer stands out every day. On 30 April 2024, Svitzer was listed on Nasdaq Copenhagen (SVITZR) as a result of the previously announced separation from its former parent company, A.P. Møller - Mærsk A/S. Danish national Kasper Karlsen has been Global Chief Operating Officer of the Svitzer Group since December 2022.

Following the grounding of one of its pilot transfer launches in Port Phillip Heads, Australia, a Port of Melbourne pilotage services provider has developed additional operational guidance on the use of launch equipment and crew resources.On the evening of October 5, 2023, the pilot launch Corsair was returning through the entrance of Port Phillip after collecting a pilot from an outbound container ship, when it ran aground on Point Lonsdale Reef travelling at about 24 knots.The coxswain…

A U.S. Coast Guard cutter crossing the Tasman Sea as part of maritime security cooperation with Australia and New Zealand knew Chinese naval ships were in the area but had no interaction with them, its commanding officer said on Tuesday.China's navy held live-fire exercises on Friday and Saturday in international waters between Australia and New Zealand that Australian officials have described as unprecedented. The drills forced airlines to change the paths of 49 commercial flights for safety reasons.The movements of the People's Liberation Army Navy frigate…