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Ports

This Month

Shipping containers sit idly in Sydney.

Freight, oil climb as Red Sea attacks shut down shipping

Intensifying attacks from Houthi rebels in the Red Sea hastened a US-led response to a dangerous escalation of the Gaza war that threatens global trade.

  • Jenny Wiggins, Jacob Greber, Sarah Jones and Mark Mulligan
Maersk did not say how long the halt to shipments through the Red Sea will last.

Shipping giants halt Red Sea route in blow to global trade

Maersk, the world’s second-biggest container shipper, and Hapag-Lloyd will not use the vital trade route after missile attacks made it unsafe for vessels.

  • Updated
  • Alaric Nightingale and Sanne Wass
The industrial action has sparked concerns about widespread shortages ahead of Christmas.

DP World begs for ‘cool off’ as strikes cause more damage than hack

The stevedore argued for the Fair Work Commission to order a 90-day “cooling off” period to allow for talks with the Maritime Union of Australia

  • David Marin-Guzman
Stevedores like DP World and Patrick have emerged from the COVID-19 pandemic in good shape with the industry posting record profits.

ACCC says it’s too soon to regulate port fees

The competition watchdog has shied away from regulating so-called “access” fees charged by port stevedores despite industry profits surging to record highs.

  • Jenny Wiggins

November

DP World’s rosters have not changed since 1983.

DP World flags first roster change in decades

The stevedore will impose new rosters to better respond to the 24/7 economy, but the move could inflame an already tense industrial dispute disrupting goods.

  • Updated
  • David Marin-Guzman
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DP World said it was still working with cybersecurity advisers to investigate the hack.

Hackers stole DP World data, patch lapse blamed

The stevedore said its data had been “exfiltrated” during a cybersecurity breach that probably stemmed from failure to patch a widely known security flaw.

  • Nick Bonyhady and David Marin-Guzman
CyberCX chief strategy officer Alastair MacGibbon says Allen & Overy are not being helpful.

Allen & Overy risks losing trust if it stays silent on cyberattack

The global law firm has continued to refuse to comment on the cyberattack it suffered last week, as a former head of the government’s cybersecurity agency says the firm’s silence is “unhelpful”.

  • Maxim Shanahan
The MUA has accused DP World of refusing to meet it at the bargaining table.

No mercy: union doubles down on port strikes until end of month

Ports will face weeks of further disruption as wharfies extend stoppages and work bans against DP World, as the stevedore recovers from last week’s cyberattack.

  • David Marin-Guzman
DP World Australia has gradually resumed operations at its four affected terminals across the country.

Cyberattack leaves $1m of frozen lamb trapped at docks

Ararat Meat Exports has container loads of frozen lamb and mutton waiting to be loaded onto ships at Swanson Dock in Melbourne.

  • Euan Black
DP World was forced to shut down its landside operations across the country over the weekend.

Wharfies stick with strike action despite DP World hack

The major port operator is gradually restarting after a cyberattack forced it to shut down terminals across the country. Now it faces a week of union strikes.

  • Updated
  • David Marin-Guzman
Ani Satchcroft says higher interest rate are lifting the cost of capital, and weighing om investor sentiment.

The one debate this Macquarie infrastructure guru finds ‘nuts’

Ani Satchcroft says higher rates are making complex deals harder, and debates about the widening definition of infrastructure miss the point.

  • James Thomson
Adam Copp, CEO, Infrastructure Australia.

‘We can’t do it all’: Infrastructure Australia boss on major projects

The federal government’s independent infrastructure adviser has warned that there isn’t the financing or the workers to deliver the nation’s largest project.

  • Ronald Mizen
Customers line up outside an Optus shopfront on George St during a countrywide network outage last week.

Telco boards hit with strict cybersecurity rules

The big telcos will have to sign off on a new or updated cyber risk management program every year or face hundreds of thousands of dollars in penalties.

  • Ronald Mizen, Jenny Wiggins and Mark Ludlow
DP World’s regional executive vice president Nikolaj Noes said the company was rapidly building a new system to connect with trucking operators, but had to convince them it was safe to use.

DP World checking systems for stolen data, software threats after hack

The disruption caused by the hack indicated it was done by criminals seeking profit, one cyber expert said, but others see its scale as a sign of a state link.

  • Nick Bonyhady
Containers were piling up at DP World’s terminal in Sydney’s Port Botany on Sunday because trucks could not get ino the terminal to collect them.

DP World hack strands 30,000 shipping containers

Tens of thousands of shipping containers stuffed with consumer goods were trapped at ports around the country after a cyberattack on stevedore DP World Australia.

  • Jenny Wiggins, Nick Bonyhady, Ronald Mizen and Euan Black
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DP World said it has restricted landside access to safeguard customers and employees.

DP World shuts down ports after hack

The Australian Federal Police is investigating a hack that has shut down ports around the country for days and left DP World scrambling to restore operations.

  • Updated
  • David Marin-Guzman
Customers pay the price when ships unload cargo at the wrong port because of an industrial dispute.

Why goods meant for Sydney are ending up elsewhere

Ships loaded with goods are skipping ports where they might be hit by a long-running wharf dispute and dropping them off somewhere else.

  • David Marin-Guzman
Shipping giant Maersk says it will axe about 10,000 jobs.

Giant Maersk to cut 10,000 jobs

The shipping company says it will cut thousands of jobs to save $US600 million as container and logistics firms face an abrupt drop in earnings.

  • Christian Wienberg
Importers and exporters have to pay hefty fees every time they bring a container in and out of Australia’s ports.

DP World’s 52pc fee rise at Port of Melbourne labelled ‘exorbitant’

Former competition watchdog chairman Graeme Samuel says the federal government needs to control prices charged by stevedores at the nation’s container ports.

  • Jenny Wiggins

October

Venice Energy’s LNG import terminal is planned for the outer harbour of Adelaide.

Origin in box seat to import LNG through South Australia

The major energy retailer is in exclusive discussions for a deal committing it to use the Venice Energy import terminal for 10 years.

  • Angela Macdonald-Smith