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Merchant ships helping in asylum seeker rescue

At least seven merchant vessels are assisting in the ongoing rescue of passengers from a capsized boat believed to have been transporting asylum seekers into Australia.

Pallas, Napthine trade blows over Webb Dock upgrade

The Victorian Government and Opposition have traded verbal barrages over the allocation of $400m to upgrade the Webb Dock automotive terminal.

Import values on the rise

International merchandise import values jumped during the month of May, with Australian Bureau of Statistics showing the value of merchandise imports in May was $20.73bn, 10% up on the figure of $18.8bn in April.

Romania set to enter Chinese iron ore market

German commodities trader ARIA International plans to revive trade in iron ore between Romania and China.

Container bookings slow as fixture periods shrink

The box market seems to be taking a rest of an uncertain duration, with brokers recording just 27 closures within the past week, about a third of the average fixtures in March or April.

Capesize rates bottom out at last

Capesize rates finally bottomed out yesterday, moving up again for the first time in more than a month.