BRIEFS

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2014 port tariffs at Le Havre to remain at same for 5th year Jiangsu's Nanjing to build four mega urban distribution hubs China, Kazakhstan cooperate on rapid customs clearance for farm produce 'K' Line orders 8 next generation car carriers from Japanese yards Marintec China 2013 in Shanghai scores 13pc more visitors 9,403-TEU MSC Azov and 8,772-TEU MSC Adelaide delivered Industry calls for unified action at ICAO Assembly meet in Montreal Ethiopia makes IATA's top 5 fastest growing air cargo carrier nations Changi Airport Group names Takenaka new terminal's main contractor

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JANUARY 1, 2014
Chinese & Japanese shipbuilders getting ready to cater to thriving LNG demand Global shipping industry set for a two-year rally, says analyst Incentive scheme for modal shift of cargo from road/rail to inland waterways/coastal shipping IOC receives green signal for INR 4,320-cr. LNG project at Ennore Port JN Port handles over 4 m TEUs in 2013 MoS appoints A. K. Bose as Chief Manager (Traffic), JNPT Railways' commodity-wise freight revenue up 7.91 pc in Apr.-Nov. HCC to develop hydel power project in Uttarakhand India to focus on project exports to Iran to narrow trade gap

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Cargo ship fire extinguished Indian authorities successfully put out a fire on board Chinese cargo ship Fu Rong Song while it was off Mumbai port Nam Cheong grabs $66M order Nam Cheong (NCL), Malaysia's largest offshore builder, secured contracts for offshore support vessels worth an aggregate $66M Drilling rig sinks at DSME yard Norwegian semi-submersible drilling rig Deepsea Aberdeen, which was being built for Odfjell Drilling, sank at the Daewoo Shipbuilding & Marine Engineering shipyard in South Korea on 28 December Vard rating neutral Singapore-based DMG & Partners Securities maintained its neutral rating on Vard, the Norwegian builder of offshore support vessels and offshore vessels, as its Brazilian operations will remain a drag on overall margins CSBC inks two-ship deal at $50M Taiwan's top shipbuilder China Ship Building Corporation (CSBC) announced plans for an agreement with Singapore's Iseaco Investment (Iseaco) to build two ships at the price of $25M each

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JANUARY 1, 2014
Curtain call Freight rates for bulkers and tankers trading in the spot market softened in the final leg of 2013 due to the holiday slowdown but daily averages are still well above levels seen 12 months ago. Ridgebury doubles down Ridgebury Tankers has enrolled another suezmax tanker in a pool operated by US compatriot Heidmar.