This Month
Port costs raise inflation fears, leave luxe cars in the slow lane
The Albanese government is facing pressure to do more to lower shipping costs.
- Tom Rabe, Jenny Wiggins and Joanne Tran
Aurizon acquisition could push up cargo prices: ACCC
The company’s attempts to move into stevedoring in South Australia as it expand its bulk freight business could be used to “frustrate” rivals, the regulator said.
- Jenny Wiggins
Shipping crises ‘spanner in works’ for inflation fight
Australian consumers and retailers are facing long delays and higher prices for goods from Europe and Asia amid an international shipping crisis that could stoke local inflation.
- Tom Rabe and Jenny Wiggins
Some of the Gulf’s most influential investors? They’re Australians
The region’s state-owned investment funds that account for more than $US3 trillion ($4.44 trillion) in capital – increasingly deployed into Australian companies.
- Tom Richardson
‘The port would stop’: Fremantle workers threaten to walk off job
Western Australia’s largest container port could grind to a halt next week if a small group of key staff stop work over a pay dispute.
- Tom Rabe
May
QIC launches $129m selldown at Dalrymple Bay Infra; MacCap on ticket
The trade was structured as a variable price bookbuild, underwritten by MacCap at the $2.58 a share floor price.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Offshore wind plan in ‘Labor limbo’ as Port of Hastings stalls
The state opposition claims Victoria’s offshore wind policy is in “disarray” after Energy Minister Lily D’Ambrosio could not guarantee a key terminal would proceed.
- Gus McCubbing
April
DP World profit tumbles 34pc after wharfie strikes
The stevedores giant’s annual profits have slid following the dispute over new wage agreements and after container volumes fell, the company’s accounts show.
- Jenny Wiggins
GIP’s Pacific National in management meet-and-greets; eyes on PSP
Sources said Canadian pension funds, including PSP Investments, are in-and-around the sale process, while Middle Eastern funds are also expected to take a look.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
Bridge collapse sends firms scrambling to re-route cargo
Baltimore’s port has become increasingly important to US retailers and manufacturers seeking to diversify their supply networks and bring goods closer to customers.
- David McHugh, Anne D'Innocenzio and Paul Wiseman
Joe Biden addresses questions of foul play in bridge collapse
The US president says there is no reason to believe anything intentional in the ramming of a ship that caused one of America’s biggest ports to be cut off.
- Matthew Cranston
Union leader charged over pro-Palestinian port protest
The Sydney leader of the maritime union is among 19 pro-Palestinian protestors who were arrested overnight following a rally against an Israeli shipping company.
- David Marin-Guzman
Port of Newcastle’s container ambitions could cost NSW up to $4.3b
Documents commissioned during the facility’s privatisation, to be published today, show other port owners would be entitled to significant compensation.
- Samantha Hutchinson
MMA Offshore peer starts IPO preparations, hires broker
Even better for prospective investors, the surge in activity has come at the same time as a supply crunch in new vessels.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
US ports get $30b anti-China upgrade in warning to Australia
The Biden administration has acted to protect ports from Chinese cyber threats. Experts say Australia should consider doing the same.
- Matthew Cranston
The airship revolution being plotted for rural Australia
A French government-backed airship maker that has set its sights on revolutionising the cargo transport industry is planning to touch down in Ballarat in Victoria.
- Hans van Leeuwen
DP World’s 23pc pay deal ‘will cost consumers’
Prices for imported goods are expected to rise after stevedore DP World ended months of industrial action by agreeing to a 23 per cent pay rise over four years.
- Updated
- David Marin-Guzman
January
Importers turn to air freight to avoid Red Sea delays
As Houthi rebels attack Red Sea shipping and airfares fall, Australian importers are being urged to diversify to air freight.
- Ayesha de Kretser
DP World calls for circuit breaker to ports disputes
The major port operator called for the Albanese government to help prevent industrial action causing significant damage to the economy by allowing stevedores earlier access to arbitration.
- David Marin-Guzman
Waterfront warrior’s IR warning: Australia is ‘going backwards’
Donald McGauchie critical of industrial relations changes as the dispute between the Maritime Union of Australia and DP World intensifies.
- Nick Bonyhady
