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Volatile freight rates are playing a key role in discussions between Greek and European Central Bank (ECB) officials as the deadline for the Europe-wide bank stress tests looms.

Surplus vessel tonnage will continue to put pressure on freight rates in both the dry bulk and container segments, but demand for newbuild offshore vessels is improving, according to Malaysian shipbuilder and operator Shin Yang Shipping Corporation.

China Shipping Container Lines (CSCL) returned to profit in the first half ended 30 June 2014 as demand for global container transportation increased steadily on the back of slow recovery of the world’s major economies, it said in its financial report.

Oversupply of tonnage will continue to hit freight rates for the “near term” followed by a sudden leap in demand after delayed projects complete, according to Drewry's latest report.

The world’s third largest container line CMA CGM remained the black in the first quarter with a marginal increase in profit to $97m.

A study by transportation consultancy Seabury has found 100,000 teu per year of freight has moved from air to sea transport in the last 10 years.

Freight rates in the dry bulk shipping market have bottomed out and spot rates, especially for larger sized vessels, are expected to increase, according to a research note from DNB Markets.

Clarksons Securities Ltd, the arm of Clarksons which actively brokers Forward Freight Agreements (FFAs) hosted a an afternoon of insightful presentations recently, attended by a group of high level investors, joined by members of New York’s dry bulk shipping communities. Also on hand was a team from Clarksons Capital, with offices in Houston and New York.

Orient Overseas Container Line (OOCL) is raising container freight rates from Southeast Asia, Indian sub-continent and the Middle East to Australia from early next year.

Dry bulk shipowner Pacific Basin Shipping has unveiled a set of strong third quarter trading results, leading to expectations of an even stronger fourth quarter due largely to firming demand and reduced newbuilding deliveries.

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