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Australia officially begins ship tracking
The Long Range Identification and Tracking (LRIT) ship tracking system officially came into effect this week after six-month transition period ended yesterday.
AMC launches new maritime simulation centre
After more than two years in the making, the Australian Maritime College (AMC) this week opened its $7m complex for maritime simulations.
May trade deficit balloons as exports plunge $1bn
Australia's trade deficit in May more than doubled the April figure as the value of exported goods and services slumped more than $1bn.
COAG backs transport and infrastructure reforms
The major transport and infrastructure reform packages of Federal government's first term were agreed to by the Council of Australian Governments (COAG) yesterday.
Bulk rates volatile as spot market ore sales soar
A major charterer has forecast that up to 500m tonnes of iron ore could be sold on the spot market, making it more difficult to predict global dry bulk demand and increasing freight rates volatility, reports Michelle Wiese Bockmann.
