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Paving the way for crucial investment
Australia is to launch the biggest wave of infrastructure spending since the Snowy Mountains Hydro-Electric scheme, but the Budget news for various sectors of the freight transport industry was mixed.
Big three fix 48% of capesize ships since November
The world’s three major iron ore producers have gained what one broker describes as “unprecedented dominance” in the capesize market, responsible for almost half of all ships booked on key iron ore shipping routes.
Budget "a lifeline" for trucking industry
The trucking industry has given the thumbs up to the Federal Government's $3.4bn investment in roads across Australia in the Federal Budget delivered by treasurer Wayne Swan last night.
Passenger rail the big winner in Budget spending spree
For the rail industry, last night's Federal Budget was a passenger-focused document that will go a long way to helping relieve urban congestion.
Oakajee and Darwin are the only port winners
Western Australia's Oakajee port project and the port of Darwin have gained a secondary green light from Infrastructure Australia (IA).
Maersk Line, NOL see profits obliterated
Danish shipping and energy group AP Moller-Maersk and Singapore's Neptune Orient Line yesterday reported massive losses following significant falls in freight rates in the early weeks of the year.
Cosco Busan operators to plead guilty on environmental counts
The company which operated the Cosco Busan has offered to plead guilty to two charges relating to environmental crimes.
Russian reefership crashes into cliff
A Russian reefership has been smashed against a cliff off Bear Island in the Barents Sea after running aground.
Schenker to develop strategic Yennora site for Sydney hub
Global logistics giant DB Schenker is to streamline its Sydney operation by developing a new intermodal facility at the Yennora hub.
Incitec Pivot to retain Geelong distribution
The closure of Incitec Pivot's Geelong single superphosphate (SSP) plant will not mean an end to the firm's operations in that city, a spokesman said yesterday.
