| Transportation Tally: Container Ship Market Slump |
The average daily charter rate for a 3,500-TEU gearless Panamax ship has fallen to $27,000 from $31,000 in May and $33,000 in March, according to Clarkson, the London shipbroker. A 2,750-TEU vessel is earning $22,000 a day, down $8,000 since March, and the benchmark 1,700-TEU geared ship is pocketing $16,000 a day compared with $18,500 six months ago. See the full story from Shipping Digest. |
| Quote of the Month: Food vs. Fuel Debate Rages On |
"Corn-based ethanol is not perfect, but it's been blamed for practically every problem under the sun. What's next? Summer colds? Computer viruses? Bad hair days?" - Senator Ben Nelson (D-Neb.) during a U.S. Senate Committee hearing organized to address the food vs. fuel debate over corn and ethanol. See a full analysis of Nelson's comment from the Grocery Manufactures Association.
"In the UK alone, biofuel subsidies cost £550m annually. In 2005, a similar investment in preventing deforestation and peatland destruction could have offset the equivalent of up to 37% of all UK CO2 emissions." - Ben Caldecott in a report from UK-based think tank Policy Exchange advocating an end to biofuel subsidies in the UK. See full story from BBC News. |
| We Need IRTA Member News |
Share your news! Send your press releases, photos, and other news items to Tori Miller for inclusion in Cool Moves and IRTA Report. Running your news in one of the association's publications is a terrific way to get free publicity and build your brand. |