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Dry bulk market’s correction “spills” over onto new week

Posted on November 1, 2011 by Editor

Tuesday, 01 November 2011 01:00 The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A lot of this fall is stemming from the … Continue reading →

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Vessel operating costs expected to rise

Posted on November 1, 2011 by Editor

Tuesday, 01 November 2011 01:00 Vessel operating costs are expected to rise by 3.8% in 2011 and by 3.7% in 2012, with lube expenditure and crew costs identified as the categories most likely to produce the highest levels of increase, … Continue reading →

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Cell Phones and Brain Cancer??

Posted on October 31, 2011 by Editor

Cell Phones and Brain Cancer www.youtube.com There isn’t any evidence that proves that cell phone use causes brain cancer, but our brains are sensitive to the to a cell phone’s electromagnetic waves. Th…

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DP World wins third Seatrade Container Terminal Operator award in a row (NSICT bags the Environmental Protection Award)

Posted on October 30, 2011 by Editor

Source: dstnews UAE: DP World, UAE Region has won the prestigious Container Terminal Operator award for a third consecutive year at the annual Seatrade Middle East & Indian Subcontinent awards recently. Global port operator DP World was also the recipient … Continue reading →

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SCI to invest Rs 3,700 cr. on 24 new vessels

Posted on October 30, 2011 by Editor

Source: dstnews MUMBAI: The state-run Shipping Corporation of India (SCI), will spend Rs.3700 crore in the ongoing fiscal to acquire 24 new vessels across categories. “Our capital expenditure for 2011-12 is Rs 3,700 crore and this will be used for … Continue reading →

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China: CSDC Orders New Bulk Carrier at Jiangnan Shipyard

Posted on October 30, 2011 by Editor

China Shipping Development Company (CSDC) has penned an order to build a 76,000 dwt bulk carrier worth approximately RMB229.3m ($36.1m). The new agreement was made between CSDC’s subsidiary Tianjin Zhonghai Huarun and Chinese builder Jiangnan Shipyard on Tuesday. China Shipping … Continue reading →

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Dry ship deliveries to reach highest ever in 2011

Posted on October 30, 2011 by Editor

Deliveries of new dry bulk ships are on course to reach their highest level ever this year and fleet expansion is expected to remain strong in 2012, ship broker SSY said on Wednesday. Deliveries of new dry bulk ships are … Continue reading →

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‘Historic’ snowstorm slams US northeast

Posted on October 30, 2011 by matson

Mariano Andrade, AFP October 30, 2011, 2:13 pm Snow and icy rain have pelted the US east coast, sparking long airport delays and major power cuts as forecasters warned the rare October storm could dump up to a foot of … Continue reading →

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Canada Signs Important Maritime Convention to Protect Environment

Posted on October 30, 2011 by Editor

  On October 25, 2011, Canada took part in a ceremony to sign a protocol that will establish a global liability regime and further protect our environment from the risks of marine transport. The Protocol of 2010 to the International … Continue reading →

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India- Gujarat Govt finalizes plans to develop Seven New Ports

Posted on October 30, 2011 by Editor

source: Daily Shipping Times Ahmedabad: In a major push to port infrastructure, the Gujarat government has finalised plans to develop six to seven new ports in the state. Large investments would flow into the port sector in the coming years, … Continue reading →

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