The rate for leasing capesize ships, boats three times the size of the Statue of Liberty, will drop about 50 percent from the current price of $37,865 a day to as low as $18,000 before the end of the year, according to the median in a Bloomberg survey of six analysts and fund managers. Forward freight agreements traded by brokers show the fourth-quarter average price will be 7 percent lower.
Shipping rates, which already fell 59 percent from this years high, are retreating as the Organization for - - - - >

EPA Administrator Lisa Jackson said Monday that the United States and Canada have applied to the International Maritime Organization to create a 230-mile emissions control area around much of their coastline.
The move is intended to ensure the shipping industry does its part to improve the air quality of major seaport communities. Ships moving through the zone would be subject to the tougher emissions standards.
“This is an important and long overdue step to protect the air and water along our shores,” Jackson said, speaking in front of a row of cranes at a press conference in Port Newark.
Jackson estimated that 40 - - - - >

Deutsche Post AG, the German parent of DHL, said it will no longer offer U.S. domestic-only air and ground services as of Jan. 30, though it said international shipping to and from the U.S. would continue.
DHL has tried to be a major player in the U.S. since it bought Airborne Inc.s ground delivery network for $1.05 billion in 2003, but it has lagged in the air and ground markets combined, analysts said.
Now, as other shippers pick up some of DHLs business in the U.S., it could cost customers more but boost the bottom lines of the shippers.
“The real upside might - - - - >

The People’s Republic is expecting a reduction in demand for cargo chipping of it’s manufactured goods. The price of fuel is a factor that compels businesses to be more economical in travel and merchandise movement. Demand for items has also decreased as domestic QA issues come to light, as well as a general reduction in demand for consumer items worldwide.
`Traffic will drop at least 10 percent for the full year,” Zhang Denghui, assistant president of China Shipping (Group) Co., parent of China Shipping Lines, the country’s second-largest container line, said in an interview yesterday. “An even much larger drop is - - - - >