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Month: April 2010

NOL Forms Company to Finance New Ships

Neptune Orient Lines formed a new wholly owned subsidiary called Triton Shipping in Singapore to arrange financing for two new vessels with capacities of 10,000 20-foot equivalent units that it ordered in July 2007. …...

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Argentine port workers end strike after deal

Argentine port workers reached a deal on Wednesday with exporters in one of the world’s leading grains suppliers to end a strike that stoked supply worries and had driven global soy prices sharply higher. The agreement...

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APM Terminals to Standardize Equipment

APM Terminals, which operates or is building 50 container terminals around the world, plans to standardize the equipment at those terminals and at new ones under construction to reduce costs and improve financial performance,...

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Maersk is close to breaking even, says CEO

A.P. Moeller-Maersk A/S said its container-shipping line, the world’s largest, is “about to break even” as freight rates jump, and predicted demand will be in the upper end of its forecast range. “We...

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