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Report finds inefficiencies in Australian breakbulk

The inadequacies of Australia's breakbulk shipping infrastructure and handling have been starkly identified today following the release of Shipping Australia's (SAL) report on the sector.

Fortescue discounts ore, seeks $7.3bn backing

Chinese steelmakers have promised Fortescue Metals Group priority in any 2010 iron ore contract price negotiations after yesterday confirming heavy discounts for the remainder of the year.

Russian navy locates missing mystery ship

Russia's navy has found the missing general cargoship Arctic Sea near the Cape Verde islands, off West Africa, with the crew seemingly safe and unharmed.

Australia Pacific LNG secures Gladstone plant site

Australia Pacific LNG has secured the Laird Point site on Curtis Island for its Gladstone liquefied natural gas (LNG) plant, Origin Energy announced today.

Gemco's $8.3m rolling stock deal for BHP

Gemco Rail has won an $8.3m contract to build 16 alumina wagons and five caustic soda tankers, parent firm Coote Industrial said today.

Full City freed from rocks off Norway

The stricken bulk carrier Full City has been successfully pulled free from rocks in Langesund in southern Norway.

Pacific National goes electric in Queensland

The second of 25 new electric locomotives to be used for Pacific National's Queensland coal operations entered service on Sunday.