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Patrick backs down on side-loader fee

Crisis-hit Patrick has announced that it will not now go ahead with proposals to impose a $100 charge on sideloader trucks in what appears to be a climb down forced on it by the industry.

Infrastructure Australia calls for sale of ports

Statutory adviser, Infrastructure Australia (IA), has called for a mass sale of government-owned assets, including ports, to the private sector to reverse Australia’s infrastructure deficit and to fund new development.

Aus industry project to study LNG bunkers

Nine Australian maritime, port and energy representatives have joined a Det Norske Veritas (DNV)-led group to study the adoption of liquefied natural gas as a bunker fuel in Australia.

Australia-Korea JV for Abbot Point terminal

A joint venture for construction of GVK-Hancock Coal’s 60m tonnes per annum terminal at Abbott Point has been announced.

Dry shipping rates begin to firm up

Rates were steady-to-firm in the Australian Round Voyage market this week, as reported by brokers at Braemar Seascope.

Box ship deliveries top one million teu

Containership fleet deliveries have surpassed the one million teu mark in 2012, which represents a fleet growth of 5.1%, after taking into account 216,000 teu’s worth of capacity removed by scrapping.