China's average freight rates for iron ore imports climbed 8.5% to USD15.8 per tonne in August from July, as average prices of iron ores dropped month on month in August. The average price of iron ore ...
China’s iron ore freight rate climbs in August
Chinese ports’ throughput growth slows
China's 30 main ports handled 7.63 billion tonnes of cargo between January and August, up 2.8% on the same period in 2014. But this was less than the 4.8% annual growth in the previous year, data ...
NauticAWT plunges into loss
Singapore-listed offshore engineering company NauticAWT suffered a loss of USD2.3 million for the first half of 2015, as compared with a profit of USD1.7 million recorded a year ago. The company ...
China accounts for 25% of Rotterdam’s container throughput
Some 25% of containers handled at Rotterdam's port are from China, data released by Statistics Netherlands showed. The number of containers from China grew 9% in 2014 and the growth continued to early ...
Defence group rejects Jones Act changes
Puerto Rico's proposal to repeal the Jones Act as a way to help alleviate the territory's debt crisis would undermine national security, a US defence group has argued. A five-year restructuring plan ...
Kobe traffic rises in June
The Port of Kobe in western Japan saw its cargo traffic increase 7.9% in June from a year earlier to more than 8 million tonnes, as domestic trade grew by double digits and foreign trade also rose ...
Cyprus president vows to ‘safeguard shipping’
Cypriot president Nicos Anastasiades opened Maritime Cyprus 2015 last night saying, "Our economy will return to one of growth and shipping will play a leading role." The industry currently contributes ...
G6 Alliance pulls five more Asia-to-Europe sailings
Further cuts in sailings have been announced by the G6 Alliance in response to the market changes in the Asia-to-Europe trade route. The alliance has declared another five void sailings for the ...
Mercator Lines files application against judicial manager
Singapore-listed Mercator Lines has applied to the Singapore High Court for a stay of proceedings in a case that could see it put under judicial management. The Indian-owned dry bulk company has also ...
Maritime security: a common approach
The greatest deterrence to armed robbery and piracy in the waters of the Southeast Asia may not be deploying multibillion dollar warships or having massive joint navy patrols up and down the regional ...
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