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Fortescue secures $500m credit facility

Iron ore exporter Fortescue Metals has secured a $500m credit facility for its multi-billion Pilbara expansion.

AAA's departure will hurt Tassie - Newman

A decision by the AAA-consortium to bypass Bell Bay in favour of Melbourne will be a major problem for the Tasmanian economy, a leading maritime industry figure says.

Wharfies strike causing major problems

Industrial action by Patrick wharfies this week is causing major disruptions to shipping and other port operations.

Lyttelton Port reclamation fast-tracked

New Zealand's government has approved the establishment of a 10-hectare reclamation area at Lyttelton Port, using rubble from the Christchurch earthquakes.

Marine oil pollution Bill advances

Anthony Albanese, the federal minister for transport, yesterday laid the Protection of The Sea (Prevention Of Pollution From Ships) Amendment (Oil Transfers) Bill 2011 before parliament for its second reading.

Gallagher acquires niche Singapore broker

US insurance broker Arthur J Gallagher has continued its international expansion by acquiring niche Singapore-based marine and trade insurance broker ITI Solutions for an undisclosed amount.

CMA CGM confirms 16,000 teu upgrades

CMA CGM chief executive Jacques Saadé has confirmed for the first time that three ships which the line has on order will be enlarged.