TRADE AND COMMODITIES

GrainCorp goes online with CLEAR

GRAINCORP has agreed to integrate its online warehousing system with the online grain exchange, CLEAR.

Only a quarter of 2009 orders ship

ONLY a quarter of the dry bulk carriers scheduled to enter service in 2009 have been delivered in the first half of the year as yards struggle to cope with the mammoth orderbook.

Idle LNG vessels costing owners

SOME of the world’s most expensive vessels remain unemployed off the coast of Khor Fakkan since delivery from South Korean shipyards earlier this year, and have yet to transport any cargoes.

AWB crops Brazilian operation

AUSTRALIAN agribusiness AWB has decided to wind down its troubled Brazilian division, which is expected to post a pre-tax loss in the current financial year.

Freight rate rise predicted

THE COST of shipping commodities such as iron ore, coal and soybeans may almost double through the end of the year, Mirae Asset Securities said.