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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>The DCN</title> <atom:link href="https://www.thedcn.com.au/feed/" rel="self" type="application/rss+xml" /> <link>https://www.thedcn.com.au/</link> <description>The Daily Cargo News</description> <lastBuildDate>Fri, 09 May 2025 07:39:51 +0000</lastBuildDate> <language>en-AU</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.8.1</generator> <image> <url>https://www.thedcn.com.au/wp-content/uploads/2019/01/cropped-DCN-Logo-websitetab-32x32.png</url> <title>The DCN</title> <link>https://www.thedcn.com.au/</link> <width>32</width> <height>32</height></image> <item> <title>First quarter mighty for Maersk</title> <link>https://www.thedcn.com.au/region/australia/first-quarter-mighty-for-maersk/</link> <comments>https://www.thedcn.com.au/region/australia/first-quarter-mighty-for-maersk/#respond</comments> <dc:creator><![CDATA[Dale Crisp]]></dc:creator> <pubDate>Fri, 09 May 2025 05:41:19 +0000</pubDate> <category><![CDATA[Australia]]></category> <category><![CDATA[Subscriber Content]]></category> <category><![CDATA[financial results]]></category> <category><![CDATA[Shipping Line]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87296</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/dale-crisp/">Dale Crisp</a></p><p>Strong improvement year-on-year</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/first-quarter-mighty-for-maersk/">First quarter mighty for Maersk</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/dale-crisp/">Dale Crisp</a></p> <p>A.P. MOLLER-MAERSK has lobbed a strong first quarter result, reporting revenue growth of 7.8% to USD 13.3 billion with EBIT increasing to USD 1.3 billion from USD 177 million a year ago.</p> <p>These results, while sequentially down as expected, represent a good start to the year and were driven by solid profitability in Ocean, operational improvements in Logistics & Services and higher volumes in Terminals, Maersk said. For the full year 2025, Maersk maintains its financial guidance despite the increased uncertainty leading to a more cautious container volume growth outlook.</p> <p><strong>Ocean</strong> saw improved profitability compared to the same quarter last year due to higher rates and stable volumes with an EBIT of USD 743m while the sequential decrease (i.e. over 4Q 2024) was as anticipated. Utilisation remained high and costs were stable due to continued high focus on optimisation. The new East-West network, which was launched in February, is on track to deliver on the reliability ambition and cost efficiencies once fully phased in, the company said.</p> <p>The EBIT margin in <strong>Logistics & Services</strong> improved compared to the first quarter of last year and reached 4.1% driven by multiple products and the continued focus on costs and productivity. Revenue from freight management services grew 18% compared to the same quarter last year driven by Project Logistics. Ongoing operational improvements in fulfilment services also contributed significantly.</p> <p><strong>Terminals </strong>continued its great performance driven by strong volume growth, higher revenue per move and increased storage revenue, while costs were under control through automation and increased capacity utilization. Return on invested capital (ROIC) increased to 14.5%.</p> <p>“We delivered strong results compared to the same quarter last year, driven by momentum in our operational efficiency and a global economy in good shape for the first three months, Maersk CEO Vincent Clerc said.</p> <p>“With trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight. We are happy to be able to put the full strength of our product offering at our customers’ disposal. From the most reliable Ocean network to one of the best lead logistics and customs support teams, we are pulling every lever to help them make the best decisions for their business.</p> <p>“At the same time, we are doubling down on the work underway on automation and cost management to remain fit for what lies ahead. These efforts give us the confidence to deliver a result in line with our guidance communicated in February.</p> <p>Maersk maintains its full-year 2025 guidance of underlying EBITDA of USD 6-9 billion, underlying EBIT of USD 0-3 billion and free cash flow of at least negative USD 3.0 billion.</p> <p>Maersk said the global container market volume growth has been revised to -1% to 4% given the increased macroeconomic and geopolitical uncertainty and expects to grow in line with the market. The disruption in the Red Sea is expected to continue throughout the rest of the year.</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <div class="wp-block-comments"><h2 id="comments" class="wp-block-comments-title">0 responses to “First quarter mighty for Maersk”</h2> <div id="respond" class="comment-respond wp-block-post-comments-form"> <h3 id="reply-title" class="comment-reply-title">Leave a Reply <small><a rel="nofollow" id="cancel-comment-reply-link" href="/feed/#respond" style="display:none;">Cancel reply</a></small></h3><form action="https://www.thedcn.com.au/wp-comments-post.php" method="post" id="commentform" class="comment-form"><p class="comment-notes"><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message">Required fields are marked <span class="required">*</span></span></p><p class="comment-form-comment"><label for="comment">Comment <span class="required">*</span></label> <textarea id="comment" name="comment" cols="45" rows="8" maxlength="65525" required="required"></textarea></p><p class="comment-form-author"><label for="author">Name <span class="required">*</span></label> <input id="author" name="author" type="text" value="" size="30" maxlength="245" autocomplete="name" required="required" /></p><p class="comment-form-email"><label for="email">Email <span class="required">*</span></label> <input id="email" name="email" type="text" value="" size="30" maxlength="100" aria-describedby="email-notes" autocomplete="email" required="required" /></p><p class="comment-form-url"><label for="url">Website</label> <input id="url" name="url" type="text" value="" size="30" maxlength="200" autocomplete="url" /></p><p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment" /> <input type='hidden' name='comment_post_ID' value='87296' id='comment_post_ID' /><input type='hidden' name='comment_parent' id='comment_parent' value='0' /></p></form> </div><!-- #respond --> </div><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/first-quarter-mighty-for-maersk/">First quarter mighty for Maersk</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/region/australia/first-quarter-mighty-for-maersk/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Pulse exporters face trade and tariff headwinds</title> <link>https://www.thedcn.com.au/region/australia/pulse-exporters-face-trade-and-tariff-headwinds/</link> <comments>https://www.thedcn.com.au/region/australia/pulse-exporters-face-trade-and-tariff-headwinds/#respond</comments> <dc:creator><![CDATA[David Sexton]]></dc:creator> <pubDate>Fri, 09 May 2025 05:37:05 +0000</pubDate> <category><![CDATA[Australia]]></category> <category><![CDATA[Exports]]></category> <category><![CDATA[Tariffs]]></category> <category><![CDATA[trade]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87286</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/david-sexton/">David Sexton</a></p><p>Australian pulse exporters are seemingly well-placed to withstand an unstable global trading environment</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/pulse-exporters-face-trade-and-tariff-headwinds/">Pulse exporters face trade and tariff headwinds</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/david-sexton/">David Sexton</a></p> <p>Currency volatility and higher shipping costs shape as headwinds for Australian pulse exporters, a report prepared for Rabobank says.</p> <p>The Australian pulse export market is made up of chickpeas, beans, lentils, lupins and peas.</p> <p>The report, prepared by the bank’s RaboResearch division, referred to global trade tensions, with China imposing a 100 percent import tariff on Canadian peas and India applying a 10 per cent import tariff on imports of lentils and chickpeas.</p> <p>Report author and RaboResearch senior grains and oilseeds analyst Vitor Pistoia said “Australia appears to be in a strong position” despite a complex new trade environment.</p> <p>“India’s demand for Australian pulses remains robust, and many other key export markets are not involved in the current trade conflicts,” he said, noting the burden of Chinese pulse tariffs fell primarily on Canada, one of Australia’s main competitors.</p> <p>“China’s decision is likely to pressure pea prices, a market in which Australia has a small role. In 2024, peas accounted for less than three per cent of Australia’s total pulse exports by volume,” Mr Pistoia said.</p> <p>The report predicted that US tariffs would have a minor impact on the global pulse trade, there could be a knock-on economic impact.</p> <p>“The inflationary effects of these tariffs could dampen global demand for pulses, as many importing countries also have trade surpluses with the US,” Mr Pistoia said.</p> <p>“Additionally, proposed shipping fees could further affect pulse markets by increasing shipping costs into 2026, particularly for containers.”</p> <p>Mr Pistoia said India appeared to have inadequate pulse supplies to replenish its stocks, placing Australian exporters in a favourable position.</p> <p>“With the new-season Indian crops entering the system, close monitoring of international prices and domestic production will be crucial to gauge India’s demand for the second half of 2025,” he said.</p> <p>“One of the main reasons for the Indian government to implement import tariffs is to balance out farmgate prices and food inflation.”</p> <p>RaboResearch expects to see “a significant increase” in Indian pulse imports in the 2024/25 financial year, driven by increased demand from a growing population, both in numbers and wealth.</p> <p>Mr Pistoia said total Indian pulse imports could reach 6.7 million tonnes in 2024/25, a substantial rise of 52 per cent year-on-year.</p> <p>“This surge is mainly due to local production problems following dry growing conditions in previous years,” he said.</p> <p>Mr Pistoia said a US proposal to implement shipping fees on Chinese-built and operated vessels could impact the pulse market.</p> <p> “If implemented, these fees on Chinese-built and operated vessels are expected to reshuffle vessel availability and increase costs globally, particularly for containers,” he said.</p> <p>Australia is said to be in a better position regarding the shipping of pulses as compared with the recent La Nina years, with more exportable surplus than exporting capacity.</p> <p>“Consequently, for the season ahead, Australia is likely to be less affected by potential increases in shipping costs compared to other countries,” he said.</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/pulse-exporters-face-trade-and-tariff-headwinds/">Pulse exporters face trade and tariff headwinds</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/region/australia/pulse-exporters-face-trade-and-tariff-headwinds/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Swire announces ban on donkey skin shipping</title> <link>https://www.thedcn.com.au/news/swire-announces-ban-on-donkey-skin-shipping/</link> <comments>https://www.thedcn.com.au/news/swire-announces-ban-on-donkey-skin-shipping/#respond</comments> <dc:creator><![CDATA[David Sexton]]></dc:creator> <pubDate>Fri, 09 May 2025 03:04:28 +0000</pubDate> <category><![CDATA[News]]></category> <category><![CDATA[Subscriber Content]]></category> <category><![CDATA[Shipping Line]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87282</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/david-sexton/">David Sexton</a></p><p>The donkey skin trade has been described as ‘inhumane and unsustainable’</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/news/swire-announces-ban-on-donkey-skin-shipping/">Swire announces ban on donkey skin shipping</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/david-sexton/">David Sexton</a></p> <p>Singapore liner company Swire Shipping has announced a ban on the carriage of donkey skins, a policy said to be based on ethical and environmental grounds.</p> <p>The policy was announced on May 8, World Donkey Day, and follows a decision by the 37<sup>th</sup> African Union Summit early last year for a moratorium on the slaughter of donkeys for their skins.</p> <p>The agreement was said to have been made in recognition of animal welfare concerns and the important role donkeys play in supporting communities and economies across Africa. </p> <p>Chief executive of The Donkey Sanctuary charity, Marianne Steele, said the inhumane and unsustainable trade in donkey skins “acts as a trojan horse for illegal wildlife trafficking and organised crime and poses a serious threat to global biosecurity”.</p> <p>“Swire Shipping and other leaders in the transport sector should be commended for their decisive action and we call on other cargo operators, both in shipping and aviation, to join the fight to protect the world’s donkeys,” Ms Steele said.</p> <p>“In doing so they will also help prevent the trafficking of other threatened species.”</p> <p>Swire Shipping chief sustainability and energy transition officer, Susana Germino, said they were proud to support the work of The Donkey Sanctuary by including a donkey skin ban in their updated Responsible Cargo Carriage Policy.</p> <p>“This decision underscores our unwavering commitment to sustainability and ensures that our operations do not contribute to any trade that is illegal or threatens the survival of donkeys, whether wild or domesticated,” Ms Germino said.</p> <p>According to The Donkey Sanctuary, container shipping is the main method used for the smuggling of large quantities of wildlife products, due to cost effectiveness, the ability to ship large volumes and heavier weights with low detection rates. </p> <p>Swire Shipping, a leading shipping company in the Asia Pacific, is the wholly owned, deep-sea ship owning and operating arm of the multinational Swire Group.</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <div class="wp-block-comments"><h2 id="comments" class="wp-block-comments-title">0 responses to “Swire announces ban on donkey skin shipping”</h2> <div id="respond" class="comment-respond wp-block-post-comments-form"> <h3 id="reply-title" class="comment-reply-title">Leave a Reply <small><a rel="nofollow" id="cancel-comment-reply-link" href="/feed/#respond" style="display:none;">Cancel reply</a></small></h3><form action="https://www.thedcn.com.au/wp-comments-post.php" method="post" id="commentform" class="comment-form"><p class="comment-notes"><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message">Required fields are marked <span class="required">*</span></span></p><p class="comment-form-comment"><label for="comment">Comment <span class="required">*</span></label> <textarea id="comment" name="comment" cols="45" rows="8" maxlength="65525" required="required"></textarea></p><p class="comment-form-author"><label for="author">Name <span class="required">*</span></label> <input id="author" name="author" type="text" value="" size="30" maxlength="245" autocomplete="name" required="required" /></p><p class="comment-form-email"><label for="email">Email <span class="required">*</span></label> <input id="email" name="email" type="text" value="" size="30" maxlength="100" aria-describedby="email-notes" autocomplete="email" required="required" /></p><p class="comment-form-url"><label for="url">Website</label> <input id="url" name="url" type="text" value="" size="30" maxlength="200" autocomplete="url" /></p><p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment" /> <input type='hidden' name='comment_post_ID' value='87282' id='comment_post_ID' /><input type='hidden' name='comment_parent' id='comment_parent' value='0' /></p></form> </div><!-- #respond --> </div><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/news/swire-announces-ban-on-donkey-skin-shipping/">Swire announces ban on donkey skin shipping</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/news/swire-announces-ban-on-donkey-skin-shipping/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>World Container Index sees small decrease</title> <link>https://www.thedcn.com.au/region/australia/world-container-index-sees-small-decrease/</link> <comments>https://www.thedcn.com.au/region/australia/world-container-index-sees-small-decrease/#respond</comments> <dc:creator><![CDATA[Huw Murday]]></dc:creator> <pubDate>Fri, 09 May 2025 02:42:15 +0000</pubDate> <category><![CDATA[Australia]]></category> <category><![CDATA[Subscriber Content]]></category> <category><![CDATA[World Container Index]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87278</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/huw-murday/">Huw Murday</a></p><p>Drewry’s composite index has decreased in the week ending Thursday 8th May</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/world-container-index-sees-small-decrease/">World Container Index sees small decrease</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/huw-murday/">Huw Murday</a></p> <p>Drewry’s World Container Index decreased 1% to US$2076 per 40-foot container this week of 8th May, 80% below the previous pandemic peak of US$10,377 in September 2021.</p> <figure class="wp-block-image size-full"><img fetchpriority="high" decoding="async" width="575" height="359" src="https://www.thedcn.com.au/wp-content/uploads/2025/05/Drewry-08.05-1.png" alt="" class="wp-image-87280" srcset="https://www.thedcn.com.au/wp-content/uploads/2025/05/Drewry-08.05-1.png 575w, https://www.thedcn.com.au/wp-content/uploads/2025/05/Drewry-08.05-1-300x187.png 300w, https://www.thedcn.com.au/wp-content/uploads/2025/05/Drewry-08.05-1-400x250.png 400w" sizes="(max-width: 575px) 100vw, 575px" /></figure> <p>Drewry’s World Container Index decreased 1% to US$2,076 per 40-foot container this week of 8 May, 80% below the previous pandemic peak of US$10,377 in September 2021.</p> <p>However, Drewry said the index was 46% higher than the average US$1420 in 2019 (pre-pandemic).</p> <p>The average YTD composite index closed at US$2773 per 40-foot container, US$122 lower than the 10-year average of US$2895 (inflated by the exceptional 2020-22 Covid period).</p> <p>Freight rates from Shanghai to Rotterdam decreased 7% or US$156 to US$2046 per 40-foot container and those from Shanghai to Genoa decreased 4% or US$123 to US$2766 per 40-foot container.</p> <p>Following the trend, rates from New York to Rotterdam and Rotterdam to New York decreased 3% to US$814 and US$1972 per 40-foot container, respectively.</p> <p>Also, rates from Rotterdam to Shanghai decreased 2% or US$7 to US$457 per 40-foot container while those from Shanghai to Los Angeles increased 5% or US$123 to US$2713 per 40-foot container and those from Shanghai to New York rose 4% or US$146 to US$3646 per 40-foot container.</p> <p>Similarly, rates from Los Angeles to Shanghai increased 2% or US$17 to US$706 per 40-foot container.</p> <p>Drewry expects rates to be less volatile in the coming week as carriers are re-organising their capacity to reflect a lower volume of cargo bookings from China.</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <div class="wp-block-comments"><h2 id="comments" class="wp-block-comments-title">0 responses to “World Container Index sees small decrease”</h2> <div id="respond" class="comment-respond wp-block-post-comments-form"> <h3 id="reply-title" class="comment-reply-title">Leave a Reply <small><a rel="nofollow" id="cancel-comment-reply-link" href="/feed/#respond" style="display:none;">Cancel reply</a></small></h3><form action="https://www.thedcn.com.au/wp-comments-post.php" method="post" id="commentform" class="comment-form"><p class="comment-notes"><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message">Required fields are marked <span class="required">*</span></span></p><p class="comment-form-comment"><label for="comment">Comment <span class="required">*</span></label> <textarea id="comment" name="comment" cols="45" rows="8" maxlength="65525" required="required"></textarea></p><p class="comment-form-author"><label for="author">Name <span class="required">*</span></label> <input id="author" name="author" type="text" value="" size="30" maxlength="245" autocomplete="name" required="required" /></p><p class="comment-form-email"><label for="email">Email <span class="required">*</span></label> <input id="email" name="email" type="text" value="" size="30" maxlength="100" aria-describedby="email-notes" autocomplete="email" required="required" /></p><p class="comment-form-url"><label for="url">Website</label> <input id="url" name="url" type="text" value="" size="30" maxlength="200" autocomplete="url" /></p><p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment" /> <input type='hidden' name='comment_post_ID' value='87278' id='comment_post_ID' /><input type='hidden' name='comment_parent' id='comment_parent' value='0' /></p></form> </div><!-- #respond --> </div><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/world-container-index-sees-small-decrease/">World Container Index sees small decrease</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/region/australia/world-container-index-sees-small-decrease/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Faster TT Terminal but costs balloon</title> <link>https://www.thedcn.com.au/sticky/faster-tt-terminal-but-costs-balloon/</link> <comments>https://www.thedcn.com.au/sticky/faster-tt-terminal-but-costs-balloon/#respond</comments> <dc:creator><![CDATA[Dale Crisp]]></dc:creator> <pubDate>Fri, 09 May 2025 02:27:15 +0000</pubDate> <category><![CDATA[Sticky]]></category> <category><![CDATA[Subscriber Content]]></category> <category><![CDATA[Spirit of Tasmania]]></category> <category><![CDATA[Tasmania]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87274</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/dale-crisp/">Dale Crisp</a></p><p>And govt approves extra chair payment</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/sticky/faster-tt-terminal-but-costs-balloon/">Faster TT Terminal but costs balloon</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/dale-crisp/">Dale Crisp</a></p> <p>TT LINE’s controversial new East Devonport terminal will be completed earlier than previously forecast but will cost an additional $118 million.</p> <p>The much-delayed Berth 3 terminal at East Devonport is now expected to be ready by October 2026, in time for the 2026-27 peak tourist season, and five months ahead of the earlier-expected February 2027 date.</p> <p>But Tasmanian transport minister EricAbetz this morning told the Parliament’s Public Accounts Committee that the facility is now costed at $493 million, compared to last year’s TT Line estimate of $375 million and the original, abandoned $90 million contract, awarded four years ago.</p> <p>“It is fanciful to suggest this figure was ever realistic, yet it was the figure provided by the company to the government and the then-minister,” Mr Abetz told the committee.</p> <p>“While disappointed with a new figure, the government and I are comfortable that we are now receiving robust and accurate advice from the company for this project.”</p> <p>In a media release Tasmanian premier Jeremy Rockliff reiterated the Government’s commitment to pursue every opportunity to bring forward the timeframe for delivery of the berth 3 infrastructure.</p> <p>“We said we would fix the spirits, and that’s exactly what we have done.</p> <p>“I want to thank the new [TT Line] chair Ken Kanofski and project director Paul Kirkwood for their hard work and dedication to getting this project on track.</p> <p>“We also have many contractors on site, working tirelessly to pull out all stops to get this project delivered as quickly as possible and I thank them for their work.”</p> <p>The government has approved an additional $200,000 payment to Mt Kanofski for what Mr Abetz said was “a very significant amount of time on the project recovery, well and truly over and above what is considered typical of other board chairs – work that would be more typically performed by a specialist consultant.”</p> <p>Mr Abetz informed the PAC about the new contract estimate of $493 million, signed by TT Line and BMD, which “determines a way forward that will deliver faster timelines, and improved project management.</p> <p>“The Government is confident it now has the right people and robust project governance, discipline and controls in place,” the minister said.</p> <p>Mr Abetz also provided an update on <em>Spirit of Tasmania IV</em> which is expected to depart Leith in Scotland for Australia on or around 26 May 2025. The voyage is expected to take approximately 36 days, subject to weather, with an arrival into Hobart mid July 2025.</p> <p>While in Hobart, the final fit out will be completed, this includes items such as mattresses and linen, artwork, some tabletops and signage.</p> <p>Vessel familiarisation and specific training will be undertaken along with compliance testing of equipment such as the deployment of the Marine Evacuation Systems. This is expected to take 6-8 weeks.</p> <p>TT-Line is currently considering lay-up berth options for <em>Spirit of Tasmania IV</em> for when these works in Hobart are concluded.</p> <p>The line’s new chief executive, Chris Carbonne, will take up his position on Sunday [12 May], Mr Abetz said.</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <div class="wp-block-comments"><h2 id="comments" class="wp-block-comments-title">0 responses to “Faster TT Terminal but costs balloon”</h2> <div id="respond" class="comment-respond wp-block-post-comments-form"> <h3 id="reply-title" class="comment-reply-title">Leave a Reply <small><a rel="nofollow" id="cancel-comment-reply-link" href="/feed/#respond" style="display:none;">Cancel reply</a></small></h3><form action="https://www.thedcn.com.au/wp-comments-post.php" method="post" id="commentform" class="comment-form"><p class="comment-notes"><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message">Required fields are marked <span class="required">*</span></span></p><p class="comment-form-comment"><label for="comment">Comment <span class="required">*</span></label> <textarea id="comment" name="comment" cols="45" rows="8" maxlength="65525" required="required"></textarea></p><p class="comment-form-author"><label for="author">Name <span class="required">*</span></label> <input id="author" name="author" type="text" value="" size="30" maxlength="245" autocomplete="name" required="required" /></p><p class="comment-form-email"><label for="email">Email <span class="required">*</span></label> <input id="email" name="email" type="text" value="" size="30" maxlength="100" aria-describedby="email-notes" autocomplete="email" required="required" /></p><p class="comment-form-url"><label for="url">Website</label> <input id="url" name="url" type="text" value="" size="30" maxlength="200" autocomplete="url" /></p><p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment" /> <input type='hidden' name='comment_post_ID' value='87274' id='comment_post_ID' /><input type='hidden' name='comment_parent' id='comment_parent' value='0' /></p></form> </div><!-- #respond --> </div><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/sticky/faster-tt-terminal-but-costs-balloon/">Faster TT Terminal but costs balloon</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/sticky/faster-tt-terminal-but-costs-balloon/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>DP World opens first Singapore warehouse</title> <link>https://www.thedcn.com.au/news/dp-world-opens-first-singapore-warehouse/</link> <comments>https://www.thedcn.com.au/news/dp-world-opens-first-singapore-warehouse/#respond</comments> <dc:creator><![CDATA[Huw Murday]]></dc:creator> <pubDate>Thu, 08 May 2025 22:49:00 +0000</pubDate> <category><![CDATA[News]]></category> <category><![CDATA[Subscriber Content]]></category> <category><![CDATA[DP World]]></category> <category><![CDATA[Singapore]]></category> <category><![CDATA[warehousing and property]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87254</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/huw-murday/">Huw Murday</a></p><p>The new facility adds to the port operator’s total warehousing capacity in the Asia Pacific</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/news/dp-world-opens-first-singapore-warehouse/">DP World opens first Singapore warehouse</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/huw-murday/">Huw Murday</a></p> <p>DP WORLD has announced the opening of its first ever logistics asset in Singapore, bringing its total warehousing capacity in the Asia Pacifici region to over 800,000 square metres.</p> <p>The global port operator announced the opening of the 13,000 sqm multi-user bonded warehouse at the Mapletree Benoi Logistics Hub, which follows the unveiling of similar facilities in Incheon, South Korea and Hong Kong respectively.</p> <p>The company chose the city-state as the location of its latest expansion, describing Singapore as the “financial conduit between China and South-East Asia”.</p> <p>Glen Hilton, CEO and managing director for DP World in Asia Pacific, said “Today’s news is another significant milestone for us in Singapore, following the setup of our regional APAC headquarters here back in 2021”.</p> <p>“This new addition will better fortify our offerings across the entire spectrum of logistics services, backed by our network of ports and terminals in the region.</p> <p>“With these new facilities in Singapore, Hong Kong and South Korea complementing the existing network of assets we manage, we are now better positioned than ever to deliver agile, efficient, and reliable logistics solutions. We will continue to make strategic investments in key markets to give the best possible service to our customers.”</p> <p>Since the relocation of its APAC regional office to Singapore in 2021, DP World has reportedly more than tripled its employee base in the country, currently employing over 10,000 people in APAC, which it said makes up almost 10 percent of its global workforce.</p> <p>Through key acquisitions in the last twelve months, including Singapore-based Legend Global Logistics, the company said it has expanded its specialist logistics service offering for customers, adding new capabilities and expertise to its global networks of supply chain infrastructure.</p> <p>In addition to Legend, DP World also completed the acquisition of Savan Logistics and Cargo Services Far East in the last twelve months.</p> <p>It also announced a US$50 million investment to develop a new logistics centre in Korea’s Busan New Port, strengthening the port’s position as a logistics hub for Northeast Asia.</p> <p>DP World said these moves are part of its broader vision to be the logistics partner of choice in Asia Pacific, delivering innovation, sustainability, and operational excellence to the supply chain.</p> <p>In Australia, DP World recently announced it will open a <a href="https://www.thedcn.com.au/sticky/dp-world-to-open-port-of-melbourne-container-park/">new container park in the Port of Melbourne</a>.</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <div class="wp-block-comments"><h2 id="comments" class="wp-block-comments-title">0 responses to “DP World opens first Singapore warehouse”</h2> <div id="respond" class="comment-respond wp-block-post-comments-form"> <h3 id="reply-title" class="comment-reply-title">Leave a Reply <small><a rel="nofollow" id="cancel-comment-reply-link" href="/feed/#respond" style="display:none;">Cancel reply</a></small></h3><form action="https://www.thedcn.com.au/wp-comments-post.php" method="post" id="commentform" class="comment-form"><p class="comment-notes"><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message">Required fields are marked <span class="required">*</span></span></p><p class="comment-form-comment"><label for="comment">Comment <span class="required">*</span></label> <textarea id="comment" name="comment" cols="45" rows="8" maxlength="65525" required="required"></textarea></p><p class="comment-form-author"><label for="author">Name <span class="required">*</span></label> <input id="author" name="author" type="text" value="" size="30" maxlength="245" autocomplete="name" required="required" /></p><p class="comment-form-email"><label for="email">Email <span class="required">*</span></label> <input id="email" name="email" type="text" value="" size="30" maxlength="100" aria-describedby="email-notes" autocomplete="email" required="required" /></p><p class="comment-form-url"><label for="url">Website</label> <input id="url" name="url" type="text" value="" size="30" maxlength="200" autocomplete="url" /></p><p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment" /> <input type='hidden' name='comment_post_ID' value='87254' id='comment_post_ID' /><input type='hidden' name='comment_parent' id='comment_parent' value='0' /></p></form> </div><!-- #respond --> </div><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/news/dp-world-opens-first-singapore-warehouse/">DP World opens first Singapore warehouse</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/news/dp-world-opens-first-singapore-warehouse/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>The Bradfield Bulletin</title> <link>https://www.thedcn.com.au/region/australia/the-bradfield-bulletin-2/</link> <comments>https://www.thedcn.com.au/region/australia/the-bradfield-bulletin-2/#respond</comments> <dc:creator><![CDATA[Amanda Bradfield]]></dc:creator> <pubDate>Thu, 08 May 2025 21:00:59 +0000</pubDate> <category><![CDATA[Australia]]></category> <category><![CDATA[International]]></category> <category><![CDATA[Amanda Bradfield]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87251</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/amanda-bradfield/">Amanda Bradfield</a></p><p>Amanda Bradfield shares her latest Friday hot take of industry headlines with DCN readers! Welcome to the Bradfield Bulletin!</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/the-bradfield-bulletin-2/">The Bradfield Bulletin</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/amanda-bradfield/">Amanda Bradfield</a></p> <p>Can you feel it coming in the air tonight? <img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f3b5.png" alt="🎵" class="wp-smiley" style="height: 1em; max-height: 1em;" /></p> <p>Yep, it’s Phil Collins .. but it’s also global uncertainty.</p> <p>The Red Sea ceasefire talks have spooked the market, triggering fears of a freight rate collapse. Most are saying to not expect vessels to return to the area this year (at least). Interestingly, ship demolition is down this week.</p> <p>Carriers are reshuffling China–Europe routes, chasing alternatives. The result? More capacity on new lanes, and yep, you guessed it, more pressure on rates. In Northern Europe, congestion’s mounting. Antwerp is sitting at 96% yard capacity, 112% for reefers. Ships are queuing, and more are en route. Bremerhaven, Rotterdam, Felixstowe, Southampton are all feeling the strain. It could take 3-4 months for things to hopefully stabilise.</p> <p>Meanwhile, over in China, newbuild orders are on the rise again, and shipyard slots are basically booked out through the end of the decade. If you’re not already in line, you’re likely too late.</p> <p>Vietnam is smashing trade records with both China and the US (<img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;" /> we saw this one coming…) even as authorities crack down hard on fraud. It’s a reminder that growth and disruption often go hand in hand.</p> <p>On the East Coast of Australia, vessel bunching is causing delays and changes in port rotations, with several ports being omitted as carriers adjust schedules.</p> <p>I bet you have more questions than answers right now.</p> <p>What else is happening out there?</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Nokia to deliver private wireless for Maersk ships</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> HD Hyundai and Maersk partner on green shipping and logistics</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> A U.S. mariner shortage and the new SHIPS for America Act could complicate Trump’s plans to revive the commercial shipping fleet</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Israeli key air cargo gateway hit by missile attack, and Houthis warn of more</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> US loses another $93m fighter jet into Red Sea</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Houthis say U.S. ceasefire deal doesn’t cover Israel</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Canada takes legal steps to seize Russian Antonov AN-124 (Heavy transport aircraft)</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> DP World opens its first Singapore warehouse</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> The planning to rebuild the Leeuwin II commences</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Jafza Marks 40 Years and $30B Investment as Key Dubai Trade Hub</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Expeditors sees strong growth amid tariff turmoil</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> DP World to open Port of Melbourne container park</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Cosco inks orders for 32 vessels worth $4.8bn in just one week</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Aurizon Australia warns of job cuts amid potential earnings hit</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Mediterranean Sulfur Emission Limits Now in Effect</p> <p><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a0.png" alt="💠" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Qantas launches direct Perth-Johannesburg and Perth-Auckland routes</p> <p>I’m sure I’ve missed something! Please comment below.</p> <p>Did you know you can catch my weekly wrap-up over at <a rel="noreferrer noopener" target="_blank" href="https://www.linkedin.com/feed/#">DCN – Daily Cargo News</a>? The clever crew there have dubbed it the Bradfield Bulletin (not my idea, I swear!). Check out last week’s edition (and yep, there’s a big ol’ photo of my face too)</p> <figure class="wp-block-embed is-type-wp-embed is-provider-the-dcn wp-block-embed-the-dcn"><div class="wp-block-embed__wrapper"><blockquote class="wp-embedded-content" data-secret="gn6MTzr3YE"><a href="https://www.thedcn.com.au/region/australia/the-bradfield-bulletin/">The Bradfield Bulletin</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" title="“The Bradfield Bulletin” — The DCN" src="https://www.thedcn.com.au/region/australia/the-bradfield-bulletin/embed/#?secret=tqWajdAl22#?secret=gn6MTzr3YE" data-secret="gn6MTzr3YE" width="600" height="338" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe></div></figure> <p>Check out the MSC Heidi being manoeuvred alongside at DP World this week.</p> <p>Have a great weekend everyone and don’t forget it’s Mother’s Day on Sunday. <img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f338.png" alt="🌸" class="wp-smiley" style="height: 1em; max-height: 1em;" /></p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/the-bradfield-bulletin-2/">The Bradfield Bulletin</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/region/australia/the-bradfield-bulletin-2/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>NZ makes key ferry replacement appointments</title> <link>https://www.thedcn.com.au/news/nz-makes-key-ferry-replacement-appointments/</link> <comments>https://www.thedcn.com.au/news/nz-makes-key-ferry-replacement-appointments/#respond</comments> <dc:creator><![CDATA[Dale Crisp]]></dc:creator> <pubDate>Thu, 08 May 2025 05:52:09 +0000</pubDate> <category><![CDATA[News]]></category> <category><![CDATA[Subscriber Content]]></category> <category><![CDATA[New Zealand]]></category> <category><![CDATA[shipbuilding]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87257</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/dale-crisp/">Dale Crisp</a></p><p>Talks underway with six prospective shipbuilders</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/news/nz-makes-key-ferry-replacement-appointments/">NZ makes key ferry replacement appointments</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/dale-crisp/">Dale Crisp</a></p> <p>FERRY HOLDINGS, the company established by the NZ Government to manage the KiwiRail Cook Strait ferry replacement program, has short-listed six builders.</p> <p>The company’s closed tender procurement process for the design, build and delivery of two new rail/ro-paxes ships has reached another milestone with key suppliers selected to support the long-term shipbuilding process.</p> <p>Chair Chris Mackenzie stressed that Ferry Holdings is not a Government department “and will be a lean organisation backed by deep expertise.</p> <p>“Six shipyards with expertise, capability and the capacity to deliver the ships in 2029 have been shortlisted by our Board, and our management team has invited them into the closed tender Request for Proposal (RFP) process ahead of contracts being signed later this year.</p> <p>“Ferry Holdings has met with all shipyards virtually and shipyard visits are planned over the coming weeks, with Ferry Holdings represented by our Ship Programme Director.”</p> <p>Key advisor selections have been made for the ship procurement process:</p> <ul class="wp-block-list"><li>Naval Architects – Knud E Hansen will support and advise on design and process for the build of the ships.</li> <li>Ship Interior Designer – OSK Design will lead the design of the interior ship fitout.</li> <li>Maritime Lawyers – Holman Fenwick Willan will provide specialist maritime law expertise across the procurement and build phases.</li> <li>Shipbrokers – BRS Shipbrokers will provide specialist commercial maritime expertise across the procurement and build phases.</li></ul> <p>“In terms of personnel, the company has direct leads on the ship, infrastructure, and commercial finance and legal programmes and is recruiting for a chief executive,” Mr Mackenzie said.</p> <p>Meanwhile, Massimo Soparano has transitioned from Ferry Procurement Lead at the NZ Treasury to become Ship Programme Director at Ferry Holdings.</p> <p>Mr Soprano held the same position at Kiwi-Rail’s government-cancelled iReX Cook Strait ferry replacement project and earlier spent almost nine years with Tasmania’s TT Line as marine project manager and head of strategic projects, during which time he oversaw the multi-million dollar refurbishment of <em>Spirit of Tasmania I </em>and <em>II</em>. He also undertook early work for their (since much delayed) replacements,before joining KiwiRail in July 2019.</p> <p>His iReX position ended last year after the project was wound down following a December 2023 directive by incoming finance minister Nicola Willis.</p> <p>Mr Soprano, whose LinkedIn profile details extensive maritime industry experience in a range of operational, safety and personnel management roles, including 10 years at sea as a ship’s officer on tanker, dry-cargo and passenger ships before moving to shore based management positions with some of the leading cruise lines both in Australia and in the USA.</p> <p>Following the abandonment of iReX he returned to Melbourne in August last year and took up the position of general manager of Melbourne-Burnie freight ro-ro operator Strait Link before heading back to NZ in January.</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/news/nz-makes-key-ferry-replacement-appointments/">NZ makes key ferry replacement appointments</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/news/nz-makes-key-ferry-replacement-appointments/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Queensland announces China trade and investment strategy</title> <link>https://www.thedcn.com.au/news/queensland-announces-china-trade-and-investment-strategy/</link> <comments>https://www.thedcn.com.au/news/queensland-announces-china-trade-and-investment-strategy/#respond</comments> <dc:creator><![CDATA[David Sexton]]></dc:creator> <pubDate>Thu, 08 May 2025 05:09:04 +0000</pubDate> <category><![CDATA[News]]></category> <category><![CDATA[News Repeat]]></category> <category><![CDATA[Subscriber Content]]></category> <category><![CDATA[China]]></category> <category><![CDATA[Queensland]]></category> <category><![CDATA[trade]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87238</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/david-sexton/">David Sexton</a></p><p>Global trade disruptions may yet generate trade opportunities between Queensland and China</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/news/queensland-announces-china-trade-and-investment-strategy/">Queensland announces China trade and investment strategy</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/david-sexton/">David Sexton</a></p> <p>Strong complementarities between China and Queensland are key to growing trade links, a new report says.</p> <p>Trade and Investment Queensland, the trade arm of the state government, has just published its <a href="https://www.tiq.qld.gov.au/getmedia/308ffe22-c4ad-41cb-803a-1edded256d60/TIQ-Queensland-China-Strategy-2025.pdf"><em>Queensland–China Trade and Investment Strategy 2025</em></a>.</p> <p>State trade minister Ros Bates said while the global trading environment had its challenges, it also presented opportunities.</p> <p>“This strategy is a timely opportunity to provide a pathway to navigate these and other global economic challenges,” Ms Bates said.</p> <p>She noted the strategy identified business opportunities in areas such as food and agribusiness.</p> <p>“This strategy also recognises the critical role of innovation, regional engagement and growing consumer markets,” Ms Bates said.</p> <p>“Importantly, this strategy reflects Queensland’s commitment to strong and enduring partnerships across China. It positions Queensland businesses to capitalise on complementary strengths and shared aspirations for sustainable growth, innovation and prosperity.”</p> <p>The document references the China – Australia Free Trade Agreement (ChAFTA), the Australia – Hong Kong Trade Agreement (A-HKFTA) and the Regional Comprehensive Economic Partnership (RCEP).</p> <p>“Against the backdrop of an increasingly uncertain and protectionist world, China now aims to position itself globally as an ‘anchor of stability’, seeking to counterbalance increased tariff regimes by presenting itself as a stable force committed to free trade,” the strategy document states.</p> <p>“China is keenly aware of the need to bolster its exports to help address a reduced market for its goods arising from tariff measures and is proactively seeking to enhance trade ties with the United Kingdom, Europe, Southeast Asia, Korea and Japan.”</p> <p>According to the strategy document, Queensland was “well-placed” to meet Chinese demand for food and consumer health products.</p> <p>“These trends highlight the increased importance of Queensland exporters developing a nuanced strategy in relation to the market,” it stated.</p> <p>“Strategies that target younger and/ or older consumers; that include a focus on second, third, or fourth tier cities; and/or engagement through e-commerce or digital platforms, will likely maximise the benefits to be derived.”</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <div class="wp-block-comments"><h2 id="comments" class="wp-block-comments-title">0 responses to “Queensland announces China trade and investment strategy”</h2> <div id="respond" class="comment-respond wp-block-post-comments-form"> <h3 id="reply-title" class="comment-reply-title">Leave a Reply <small><a rel="nofollow" id="cancel-comment-reply-link" href="/feed/#respond" style="display:none;">Cancel reply</a></small></h3><form action="https://www.thedcn.com.au/wp-comments-post.php" method="post" id="commentform" class="comment-form"><p class="comment-notes"><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message">Required fields are marked <span class="required">*</span></span></p><p class="comment-form-comment"><label for="comment">Comment <span class="required">*</span></label> <textarea id="comment" name="comment" cols="45" rows="8" maxlength="65525" required="required"></textarea></p><p class="comment-form-author"><label for="author">Name <span class="required">*</span></label> <input id="author" name="author" type="text" value="" size="30" maxlength="245" autocomplete="name" required="required" /></p><p class="comment-form-email"><label for="email">Email <span class="required">*</span></label> <input id="email" name="email" type="text" value="" size="30" maxlength="100" aria-describedby="email-notes" autocomplete="email" required="required" /></p><p class="comment-form-url"><label for="url">Website</label> <input id="url" name="url" type="text" value="" size="30" maxlength="200" autocomplete="url" /></p><p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment" /> <input type='hidden' name='comment_post_ID' value='87238' id='comment_post_ID' /><input type='hidden' name='comment_parent' id='comment_parent' value='0' /></p></form> </div><!-- #respond --> </div><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/news/queensland-announces-china-trade-and-investment-strategy/">Queensland announces China trade and investment strategy</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/news/queensland-announces-china-trade-and-investment-strategy/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Little impact from Patrick shareholder shuffle</title> <link>https://www.thedcn.com.au/region/australia/little-impact-from-patrick-shareholder-shuffle/</link> <comments>https://www.thedcn.com.au/region/australia/little-impact-from-patrick-shareholder-shuffle/#respond</comments> <dc:creator><![CDATA[Dale Crisp]]></dc:creator> <pubDate>Thu, 08 May 2025 02:22:55 +0000</pubDate> <category><![CDATA[Australia]]></category> <category><![CDATA[News Repeat]]></category> <category><![CDATA[Subscriber Content]]></category> <category><![CDATA[Patrick]]></category> <category><![CDATA[Qube]]></category> <guid isPermaLink="false">https://www.thedcn.com.au/?p=87219</guid> <description><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/dale-crisp/">Dale Crisp</a></p><p>Brookfield re-arranges its investment</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/little-impact-from-patrick-shareholder-shuffle/">Little impact from Patrick shareholder shuffle</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></description> <content:encoded><![CDATA[<p><a rel="nofollow" href="https://www.thedcn.com.au/author/dale-crisp/">Dale Crisp</a></p> <p> PATRICK half-owner Qube Holdings is not expecting changes to eventuate from co-investor Brookfield’s establishment of a new ownership consortium for the Canadian infrastructure specialist’s 50% share.</p> <p>In its recent business update Qube acknowledged Brookfield Infrastructure had advised that it has entered into a binding sale agreement that, subject to completion occurring, will result in a new consortium owning Brookfield’s 50% interest in Patrick.</p> <p>The new consortium comprises a new Brookfield controlled fund which will be the largest investor and which also includes some of Brookfield’s existing co-investors who will increase their existing interest in Patrick. The enterprise value of Patrick for this transaction is at a modest premium to the latest valuation of $6.6 billion which was disclosed in Qube’s FY25 Half Year results presentation.</p> <p>Completion of the transaction is subject to customary regulatory approvals including by the Foreign Investment Review Board. There will be no change to Qube’s 50% ownership of Patrick as a result of this transaction.</p> <p>Qube’s MD Paul Digney said: “Qube’s investment in Patrick has been an outstanding success, delivering over $2.5 billion of value to Qube’s shareholders including over $825 million of cash distributions since 2016.</p> <p>“This is equivalent to an internal rate of return (IRR) of over 17% over our approximately nine-year ownership period. This return reflects the quality of this business which has been enhanced by the significant reinvestment that has gone into Patrick’s four terminals over this period to drive capacity and enhance productivity, which is expected to support continued long term earnings growth.</p> <p>“This transaction falls within the exceptions that apply to Qube’s right of first offer and is not expected to result in any significant changes to the operation of, or outlook for Patrick, or the ongoing relationship between Brookfield and Qube with respect to Patrick,” Mr Digney said.</p><p>The post <a rel="nofollow" href="https://www.thedcn.com.au/region/australia/little-impact-from-patrick-shareholder-shuffle/">Little impact from Patrick shareholder shuffle</a> appeared first on <a rel="nofollow" href="https://www.thedcn.com.au">The DCN</a>.</p>]]></content:encoded> <wfw:commentRss>https://www.thedcn.com.au/region/australia/little-impact-from-patrick-shareholder-shuffle/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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