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- BHP iron ore output up 21% in 2011-12
- BHP Billiton’s Australian iron ore production from rose by over 25 million tonnes (mt) in the 2011-12 financial year, according to the company’s annual report released today.
- Box rates continue to slide
- Freight rates in the Asia-Europe trades continue to drop, with spot prices now down more than a third since May. Howeer, the news is better on the Pacific trades.
- King Islanders to discuss cattle shipping issues
- Impacts on shipping of the King Island abattoir closure will be one of the key issues discussed during a meeting on the island this Friday.
- More box ships laid up as demand stalls
- Idled box ship capacity has exceeded the 400,000 teu mark for the first time since mid-May as market conditions continue to deteriorate.
- Japan’s non-nuclear plan to boost demand for LNG ships
- An additional 30 vessels will be needed to ship liquefied natural gas to Japan by the end of the decade as the country phases out its nuclear power, according to LNG analysts.
- PM appoints new trade, foreign affairs secretary
- Peter Varghese AO will take over the role of secretary of the Department of Foreign Affairs and Trade.
