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Under fire Gladstone sees big profit rise

Gladstone Port Corporation lifted after-tax profits by 26% in 2011-12, despite Queensland premier Campbell Newman declaring no confidence in the board’s and executive’s financial management.

PoM reports trade increase in all cargo types

An increase in cargo of all types was a highlight of 2011-12 for the Port of Melbourne, Victoria ports minister Dr Denis Napthine said.

WA strikes will "compromise competitiveness"

Peak body, Ports Australia has warned that the strikes such as the one at Fremantle and Kwinana will compromise the competitiveness of Australian ports as economic conditions soften.

Aus dry freight rates make small gains

Rates in most sectors of the Australian Round Voyage, as compiled by brokers Braemar Seascope, made small gains this week, as did many other sectors.

Box carrier woes are self-inflicted say analysts

Problems in the box shipping industry are largely self-inflicted but can be rectified if senior management executives abandon “misguided” strategies, according to Boston Consulting Group.

Sudden power losses cause millions of dollars of damage

Main engine failures or electrical blackouts now amount to 7% of P&I provider UK Club’s third-party property damage claims, which in some cases amounts to millions of dollars.