(AP)  A new world circuit of America’s Cup-class yacht racing will start
in November, making stops in New Zealand and Italy and featuring 10
teams.  Eight entries, including Emirates Team New Zealand and
American syndicate BMW Oracle, have already been confirmed. Organizers
said Tuesday the two others will be announced in days.  Source

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• CMA CGM accuses Europe / Oceania Prices

     CMA CGM said it is increasing rates in both directions between Europe and Australia-New Zealand. Southbound, from Europe to Australia and New Zealand, rates will rise $300 per TEU, while northbound from Australia and New Zealand to Europe, rates will rise $200 per TEU. The rate hikes go into effect Sept. 15. On

• OOCL-to-Oceania Europe raises rates

     OOCL said it is raising rates from northern European, Mediterranean and Black Sea ports to Australia and New Zealand by $100 per TEU beginning March 1. The line also said it will begin charging a ‘peak season surcharge’ on shipments from northern Europe to Australia and New Zealand on the same

• Current CMA CGM improve rate: Europe, Australia and New Zealand

    French Container Line CMA CGM has announced an increase in freight rates in the Europe to Australia and New Zealand in order to “restore freight rates to a sustainable level.” The move follows in the footsteps of a similar rate hike on trade between India/Pakistan and Europe by the carrier

• TBS International continues discussions with its Lenders

    TBS International plc announced that it has secured a waiver through April 30, 2010 of certain covenants with respect to its outstanding credit facilities with its syndicate of lenders led by Bank of America, its syndicate of lenders led by The Royal Bank of Scotland and its syndicate of lenders

• TBS International announces amendments to its credit facilities

    TBS International plc announced Friday that it has secured amendments to its credit facilities with its syndicate of lenders led by Bank of America, its syndicate of lenders led by The Royal Bank of Scotland and its syndicate of lenders led by DVB Group Merchant Bank, as well as its

• Asia-Pacific Express loses $ US3b in a downturn

    A major shipping company says the industry has lost $US3 billion in the Asia-Pacific region alone during the downturn, but New Zealand is holding up well. Jesper Praestensgaard, chief executive of the Maersk Line’s Asia-Pacific region, says in many ways shipping is a leading indicator of how the global economy

• Cosco to the service to three ports NZ ax

     The main container shipping service between New Zealand and North Asia is axing direct calls at the ports of New Plymouthy, Wellingtony, and Nelson, reported the New Zealand Herald.Erratic scheduling had disrupted the service, operated jointly by Cosco Container Lines, Hamburg Sud, NYK Line and Mitsui OSK Lines, the companies

• Govt u0026quot petroleum potential

    Export earnings from New Zealand’s petroleum sector could increase tenfold by 2025, Energy and Resources Minister Gerry Brownlee told industry representatives today. Speaking at the Biennial NZ Oil and Gas Outlook 2009 conference in Wellington, Mr Brownlee announced the Government’s plans for “unlocking and maximising” New Zealand’s petroleum potential.

• Alinghi Defend America s Cup in Valencia, Spain (Update2)

     (Bloomberg) Ernesto Bertarelli’s defending- champion Alinghi syndicate is preparing to hold sailing’s 2010 America’s Cup off the coast of Valencia, Spain.  Source

• AADA fits bunker surcharges

    More than 100, and possibly hundreds, of Antarctic icebergs are floating towards New Zealand in a rare event which has prompted a shipping warning, officials said on Monday. An Australian Antarctic Division glaciologist said the ice chunks, spotted by satellite photography, had passed the Auckland Islands and were heading towards