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Records tumble as capesizes go for quarter of a million a day Hong Kong: Strong demand in the Atlantic from South America and the US is pushing spot prices to new highs likely to crack November's record $253,000 a day. Ships were fixed yesterday for around $250,000 a day and prices are likely to remain stratospheric ... Full Story

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Pacific Basin to raise $275m via additional share offering Hong Kong: Bulk shipping firm Pacific Basin Shipping said it would sell up to HK$2.14 billion (US$275 million) worth of new shares to fund expansion ... [full story]

NYK orders VLOCs from Dalian COSCO Tokyo: Nippon Yusen Kaisha (NYK) has ordered two ultra-large 300,000-dwt ore carrier newbuildings for delivery in 2013 from Dalian COSCO Shipbuilding Industry (DACOS). NYK's ore ... [full story]

Karachi Port ready to accommodate deep-draft vessels Karachi: Karachi Port is poised to accommodate deep-draft vessels, over 12-meter, from next month, Business Recorder learnt on Thursday. As an "opening" the Karachi Port ... [full story]

INSA seeks clarification on impact of IRS statutory survey monopoly Mumbai: The Indian government’s decision, this week, to end authorisation of International classification societies to conduct statutory surveys of Indian flagged vessels has led the ... [full story]

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