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Inexperience caused heater explosion, ATSB says

A new investigation report from the Australian Transport Safety Bureau has concluded that an incorrectly assembled nozzle caused an explosion on products tanker Qian Chi.

Paul Zalai sets up new freight venture

Industry veteran Paul Zalai has announced the launch of his new consultancy business, Freight & Trade Alliance (FTA).

Rainfall boosts Albany’s grain exports

Total trade at Albany increased 13% in 2011-12 to 3.5 million tonnes, buoyed by strong increases in grain exports.

NYK forecasts $38m losses

Japanese shipping major Nippon Yusen Kaisha last week revised its forecast earnings down to a ¥3bn ($38m) loss for the April-September period, compared to a ¥7.5bn profit forecast in July.

MSC puts NZ$1m into Rena recovery fund

Charterer of the vessel Rena, Mediterranean Shipping Company S.A (MSC), has this week announced the establishment of a Rena Recovery Fund to distribute a NZ$1 million donation promised to the people of the Bay of Plenty.

Seasonal slowdown hits charter market

Activity in the box charter market has slowed considerably as the Golden Week holidays have started and as lines cut down their capacity for the European winter.