BEIJING - The spread between
seaborne iron ore heading to China and iron ore at China's ports has widened to the highest in at least two years, following an increase in shipments from Australia and Brazil as disrupted mines gradually come back on track.
Coal exporters suffered a poor April with
seaborne volumes dropping from the previous month amid slack demand, but the overall picture for the industry so far this year isn't quite as gloomy as it may appear.
The failing Transport Secretary awarded contracts worth more than PS100million to three firms - Brittany Ferries, DFDS and
Seaborne Freight - to ease pressure on the main Dover to Calais route.
Summary: According to UNCTAD, global
seaborne trade volumes surpassed 10 billion tons in 2015, with shipments expanding by over 2%.
Eurotunnel, which operates the Channel Tunnel, will no longer challenge the Department for Transport's decision to award deals worth PS108m to
Seaborne Freight, DFDS and Brittany Ferries to lay on additional crossings to ports other than Dover in the case of a no-deal Brexit.
Seaborne Airlines has announced it is returning to the Dominican Republic with nonstop service between San Juan's Luis Munoz Marin International Airport (SJU) and Santiago de los Caballeros Dominican Republic's Cibao International Airport (STI), the company said.
The National Audit Office said that
Seaborne Freight was unable satisfactorily to meet the criteria required in the DfT's tender for additional cross-Channel services to ease disruption in the case of a no-deal withdrawal from the EU.
Grayl ing was slated in December after it emerged boatless
Seaborne Freight had been awarded a PS13.8million contract to run services between Ramsgate and Ostend in the event of the UK crashing out of the EU in March.
The bungling Transport Minister, who has overseen a string of failed projects, had struck a PS13.8million deal with
Seaborne Freight to run services between Ramsgate in Kent and Ostend if we crash out of Europe.
The hapless Secretary of State, who has a string of gaffes under his belt, gave the PS13.8million deal to
Seaborne Freight to run services between Ramsgate and Ostend, in the event of a no-deal.
The under fire Transport Secretary had awarded a [pounds sterling]13.8m contract to a company called
Seaborne Freight to run vessels in the event of a no-deal Brexit.