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Month: September 2009

Asian container lines face seizure threat

Hanjin Shipping, of Korea, incurred a net loss of $516m, with revenues down 38 per cent and Singapore’s Neptune Orient Lines reported a net loss of $391m, with revenue down 37 per cent. Growing numbers of Asian container...

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Freight costs slide as Chinese demand eases

The Baltic Dry Index, the benchmark for freight costs for iron ore, coal and grains, fell for a ninth consecutive session on Wednesday, reflecting concern that demand for commodities from China was starting to weaken. …...

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