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Americas

London: Hurricane Sandy has cost the global marine market a total of between $2.5bn and $3bn, the International Union of Maritime Insurance (IUMI) reports.  
Singapore: Singapore-based ST Engineering's US shipyard, VT Halter Marine, received confirmation from Bouchard Transportation on Thursday to convert an option to a firm order for an additional articulated tug barge…
New York: Nordic American Tankers (NAT) has entered into an agreement to acquire its twenty-first double-hull suezmax from a South Korean shipyard.
Panama City: The Panama Canal Authority (ACP) is studying the feasibility of building a 3-4m teu capacity terminal in two phases of 1.5m teu, at Corozal on the east bank…
Dubai: Global port operator DP World today announced an 8% rise in annual profits to $749m for 2012 as consolidated throughput fell from 27.5m teu in 2011 to 27.1m teu…
The products market got a boost last week when Gulf rates to Japan lifted significantly as LR2 earnings on the route rose 32% to $18,116 a day and LR1 earnings…
Stamford: Stringent measures to reduce shipping’s impact on the environment need to also be economically sustainable, the chairman of the International Chamber of Shipping (ICS) warned at this week’s Connecticut…
La Paz: Bolivia plans to invest heavily in Peru’s southern ports in order to increase its foreign trade through Peru, according to the vice president of Bolivia, Alvaro Garcia.
Seoul: CKYH-the Green Alliance (Coscon, K Line, Yang Ming, Hanjin Shipping) will restructure their current Asia-US East Coast loops from the middle of April.
Panama: The Inter-American Development Bank (IADB) Annual meeting in Panama City called for Central American countries and the Dominican Republic to establish national logistics agendas to improve policy coordination and…
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