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Japan’s big three beef up earnings forecasts
Boosted profits for Japan’s top three shipping lines in their first quarter of the 2010 financial year has prompted an upwards revision of full-year earnings forecasts.
Debate continues over ECPs
Debate continues over the operation of Victorian empty container parks with Shipping Australia chief executive Llew Russell pointing out that shipping companies are already paying an infrastructure charge at ECPs.
Healthy demand for Asia-Pacific airfreight
Continued growth in China has seen the Asia-Pacific airfreight industry outperform its European and US counterparts.
Caltex boss calls for bio-fuel options
Australian policymakers needed to do more to encourage the use of bio-fuels in the transport industry, according to Caltex managing director Julian Segal.
Baltic Dry Index rises but market remains fragile
The Baltic Dry Index rose yesterday with better cargo activity boosting sentiment.
Fall in lay-ups may be peak season hiccup
Just 18 months ago, the world economy was in deep recession and the container shipping industry was under severe pressure as overcapacity levels increased and freight rates plummeted.
CBH defends its performance
West Australian grain supplier the CBH Group has acknowledged criticisms but also defended its record at the 2010 Australian Grains Industry Conference held at Melbourne’s Crown Promenade Hotel.
