(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

• 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

• 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

• Toll New Zealand launches express service

     Australian transport firm Toll Holdings has launched a nationwide express package service in New Zealand in an attempt to break open the market duopoly of CourierPost and Freightways, the Dominion Post reported. Toll’s group general manager, Greg Miller, said the launch of Toll Ipec was in response to demand in

• Toll launches New Zealand express service

     Australian transport firm Toll Holdings has launched a nationwide express package service in New Zealand in an attempt to break open the market duopoly of CourierPost and Freightways, the Dominion Post reported. Toll’s group general manager, Greg Miller, said the launch of Toll Ipec was in response to demand in

• CMA CGM Australia hikes rates

     CMA CGM has announced a general rate increase on freight from the United States and Canada to Australia and New Zealand. CMA CGM will apply the latest general rate increase effective Dec. 1 “to provide its customers with the same reliable and efficient services to which they are accustomed.” For all cargo

• Australia, New Zealand to join ASEAN

     The ASEAN-Australia-New Zealand Free Trade Agreement will come into force 01 January 2010, following discussion between ASEAN leaders at the East Asia Summity in Thailand late October. The Free Trade Agreement will establish the ASEAN-Australia-New Zealand Free Trade area, spanning 12 economies with more than 600,000 million people and a

• To advise ABPM Skandia Team GBR

     ABP Marine Environmental Research (ABPmer), a leading marine environmental consultancy, has been commissioned to provide specialist advice to Skandia Team GBR, the British Sailing Team in the Olympic and Paralympic Classes. Skandia Team GBR consists of three squads; the Performance Squad and Development and Transitional squads, which jointly total around

• FSA prepared to resist the more stringent controls on oil trading

    Britain’s financial markets regulator is ready to resist American-led pressure for tighter controls on trading in the London oil market. It is understood that the Financial Services Authority (FSA) invited up to 30 market participants, including traders, banks and funds, to a private meeting last Wednesday to discuss transparency and

• Hanjin Shipping to increase trans-Atlantic prices

     Hanjin Shipping said it will raise rates for all North American shipments to and from North Europe and the Mediterranean is by $250 per TEU and $350 per 40-foot equivalent unit on Dec. 1. ?? The increase applies to all cargo including that moving in dry, reefer, and special containers. American Shipper

• Majority scrap load port terminated

    The biggest cargo of scrap metal to leave Wellington headed out of CentrePort yesterday, but some of it may eventually end up back in New Zealand.

• Famous Pacific Shipping (NZ) names Business Development Manager and is a joint venture

    Famous Pacific Shipping (NZ) Ltd in Auckland has appointed George Dobovanszky as business development manager with a focus on the development of the freight forwarder’s cargo volumes in the US – New Zealand trade. At the same time, the company has formed a joint venture with Royale International Couriers, one