DCN December Edition 2019

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News in brief Full details at thedcn.com.au Baltic Exchange seeks to raise Asia-Pacific profile Baltic Exchange chief executive Mark Jackson and Baltic Exchange Asia head Lu Su Ling visited Melbourne for a lunch organised with Maritime Industry Australia Limited. Mr Jackson has a strong connection with Australia. He grew up in Sydney and has family in Melbourne. The Baltic Exchange was purchased by the Singapore Exchange three years ago, strengthening its connection with the Asia- Pacific region, something upon which Mr Jackson is keen to build. “The Baltic has been positioning itself as, and I think achieving, a global membership organisation. We have a small office in Singapore and they really have relied on… people coming to Singapore to engage with us,” Mr Jackson said, when asked about the purpose of the visit. “Mining companies move their offices [to Singapore] and a lot of people move their offices there because Singapore attracts business,” he said. “But the fact is, there is quite an active shipping Mr Jackson also spoke of the impact of the acquisition by the Singapore Exchange. “The Baltic is now owned by a regulated entity that is also a regulator of its own marketplace,” he said. “So we put in place much stricter audit controls which also led into us now having an application to our own regulator (the Financial community here in the bulk side of things in Australia and we want to see if we can capture Mark Jackson and Lu Su Ling Conduct Authority in the UK) and I think that having SGX and their knowledge of some of that interest and provide services from the Baltic Exchange.” marketplaces process procedure has helped us ‘up our game’.” FREIGHT VOLUMES BOOST TASPORTS’ BOTTOM LINE The highest freight volumes since 2008 propelled TasPorts to a record net profit for the 2018/19 financial year. Imoloria The net profit sumenti of $12m was up dist from $5.8m omnis in 2017/18. Molorem According poreruptae to the volorpo TasPorts rerciende annual incipsu report, vitionsero eos am sunt, simi, sit aut vellita que esti omnitate pel ium accus aligni. At the eum company ex et que moved non et more poruntiistis than 15.5m aliatectem tonnes fuga. during Ratibusam restrup ictate labores doluptatiur, velibus di ipsapis. the Ucius reporting nobiti que period, dellaut a 3% inctur, rise compared ex eatiamet with ommossitiam the et ut eatur aut la nosam quia audae modiOtatecta sin ra nimus eos mi, previous odis et, financial ut et praepudi year. It consent was the fuga. fourth Ut year duciae in a prorias ut ea vellaut harum el ilibus qui temque cullessiti sim volor. row the company reported a profit. The result comprised a trading profit of $14.2m for TasPorts ($9m in 2017/18), a net loss of $2.1m for Bass Island Line ($3m loss the previous year) and a net loss of $103,000 for Southern Export Terminals (a $235,000 loss the previous year). Chairman Stephen Bradford said the board was optimistic profitable performance could be continued into the future. “The results allow TasPorts to continue our significant infrastructure remediation and renewal program while at the same time providing appropriate returns to the Tasmanian government,” Mr Bradford said. Hobart waterfront Image supplied; Joel Everard 10 December 2019 thedcn.com.au
INFLATION UP DESPITE “GLOBAL HEADWINDS” Image supplied VTA elects new president and vice president Changes were announced for the Victorian Transport Association following its annual meeting, with Mike Lean taking over as president from Cameron Dunn who has been in the role since 2016. Mr Lean is chief executive of national road transport operator Wettenhalls and is experienced in the transport sector. He has experience in both the military and senior levels of business. As well as previously holding the role as VTA vice-president, he was also chair of the important VTA Finance Committee. Prior to his appointment at Wettenhalls, Mr Lean was CEO of the Port of Hastings Development Authority, general manager of the shipyard in Williamstown and operations manager of a workshop and warehousing distribution Surveys seek to shed light on maritime gender diversity Mike Lean (left) and Cameron Dunn facility in Wodonga. As an army officer, he commanded an Infantry battalion in East Timor. The VTA Executive Council also elected Mick Rocke as vice president, who has experience within the industry and was the recent recipient of the VTA WFD Chalmers Award. Dennis Ryan was also re-elected vice president for another term. VTA chief executive Peter Anderson congratulated the new office holders. “On behalf of the Secretariat of the VTA, we extend our congratulations and best wishes to Mike, Mick and Dennis on their elections and wish them every success,” Mr Anderson said. “I would also like to acknowledge and thank Cameron Dunn for {his} energy, professionalism and enthusiasm.”. Two surveys aimed at shedding light on gender diversity in the Australian maritime sector have been prepared by industry group Maritime Industry Australia Limited. One survey is aimed at employees and the other targets business owners and human resource managers. MIAL chief executive Teresa Lloyd said the surveys were in keeping with the 2019 World Maritime Day theme of Empowering Women in the Maritime Community. With this data, MIAL is to analyse how organisations promote diversity and will look to develop industry initiatives to increase diversity and inclusion. Whereas the MIAL Seafaring Skills Census 2018 focused on seagoing roles, this survey intends to explore other roles within the industry. Although diversity and inclusion encompass a range of groups, these surveys focus on women. “The maritime industry is taking great strides toward gender parity in terms of participation, seniority and remuneration,” Ms Lloyd said.” A Consumer Price Index indicating national inflation rising 1.7% in the year to September showed Australia is weathering global uncertainty, Australian Chamber of Commerce and Industry chief economist Ross Lambie said. Dr Lambie also urged the government to retain a surplus and resist calls to get spending during a time of quieter economic growth. “Although inflation remains outside the Reserve Bank’s target range of 2% to 3%, it is promising to see the September quarter Consumer Price Index improve from a low of 1.3% in the March quarter and 1.6% in the June quarter,” he said. “This is despite global uncertainty - driven by the US-China trade and technology dispute, Brexit, protests in Hong Kong and tensions in the Middle East - presenting a significant risk to the Australian economy.” He said the low inflationary environment was not unique to Australia, with low inflation the norm in many developed countries. “We urge the government to keep its focus on achieving the budget surplus and continue to identify opportunities for productivityenhancing economic reform,” Dr Lambie said. “It is important we look for reforms which increase the competitiveness of SMEs and encourage businesses to take risks, invest, grow and create jobs,” he said.” Dr Lambie said the relatively low level of inflation suggested the Australian economy was still to experience the full impact of the personal tax cuts delivered in July and the Reserve Bank’s recent decision to lower the cash rate to 0.75%. “We would hope to see these measures reflected in improved economic conditions in the next few months,” he said. “The downturn in the housing market over the past year has weighed heavily on consumer confidence and held back household spending. However, there are signs the housing sector has turned the corner in recent months, with a modest improvement in Sydney and Melbourne house prices.” thedcn.com.au December 2019 11
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Page 3 and 4: Port Botany is Australia’s premie
Page 5 and 6: INSTANT PRICING AT YOUR FINGERTIPS
Page 7 and 8: Up close and personal. Whatever you
Page 12 and 13: NEWS IN BRIEF Gangway injury prompt
Page 14 and 15: NEWS IN BRIEF LODESTAR AND SWIRE TO
Page 16 and 17: 2019 DCN AUSTRALIAN SHIPPING & MARI
Page 28 and 29: WOMEN IN MARITIME Navigating treach
Page 30 and 31: 40 YEARS OF PORT BOTANY NSW Ports i
Page 32 and 33: INDUSTRY OPINION Exporters worst hi
Page 34 and 35: NORTHERN TERRITORY FUELLING CHANGE
Page 36: NORTHERN TERRITORY An artist’s im
Page 39 and 40: “Some of the minerals have come b
Page 41 and 42: Picked one day and on plates in Asi
Page 43 and 44: See further and manage shipments fa
Page 45 and 46: Initial design concepts have been u
Page 47 and 48: Women will understandably pursue al
Page 49 and 50: Marine Cargo Specialists Marine Car
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Page 53 and 54: Keeping the ports of NSW safe, secu
Page 55 and 56: Ian Ackerman Andrew Hudson, partner
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Devinder Grewal, consultant, AISTL
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Patrick Terminal, Port Botany, Sydn
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Paul Deacon and Carolyn Brush at CB
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Australia’s best connected gatewa
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Sourcing the most important link in
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DCN December Edition 2019

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