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Month: October 2009

Columbia River channel project nears blasting phase

A contractor from Chico, Calif., will begin dynamiting solid rock in the Warrior Rock stretch of the Columbia just upstream of the Lewis River. The channel-deepening project … has involved cutting the shipping lane 3 feet...

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Neptune Orient Has Longest Losing Streak in 8 Months

Neptune Orient Lines Ltd., Asia’s third-largest container line, completed its longest losing run in almost eight months in Singapore trading after predicting “significant losses” through at least the first half of 2010....

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Korean shipping industry struggles to stay afloat

Despite signs of economic recovery, the Korean shipping industry is suffering both internally and externally, according to several sources. … The global shipping industry has been struggling. Unlike Western countries that...

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Hapag-Lloyd Finances Improve

Hapag-Lloyd’s financial position is improving on the back of stable ocean freight rates and a successful cost-cutting program, the troubled German ocean carrier’s largest individual shareholder said. Hapag-Lloyd,...

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