Some are more equal than others
On Europe: Revelations about wages for union workers at chemicals giant BASF have caused a stir. By David Gow in Munich.

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Australia’s Origin urges shareholders to reject a 13.8bn Australian dollar takeover bid from UK rival BG Group.

Swiss bank UBS says it expects to report a small loss at worst for the second quarter after receiving a tax credit.

Oil prices continue to climb with US light crude at a record closing price and London Brent above $146.

Google must divulge the viewing habits of every user who has ever watched avideo on YouTube, says a US court.

Interest rates in eurozone countries increase for the first time in 12 months in a bid to combat inflation.

Mobile provider Vodafone is to expand its presence in Africa by buying a majority stake in Ghana Telecom for 452m.

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TILBURY has publicly renewed its call for planning permission to be granted on 65 acres of development land, freeing up space for a major push towards domination of the growing southeast England ro-ro market.

THE newly elected chairman of the International Association of Classification Societies has pledged to ?rebalance? the lack of influence from the Far East in dealings with the International Maritime Organization.

ORIENT Overseas Container Line and Cheng Lie Navigation Co (CNC Line) have suspended their plans to impose an emergency bunker surcharge on the Hong Kong/South China-Taiwan trade, which was due to start on July 1, following shippers? complaints over eight other lines announcing similar EBS plans on the same route.

VICTIMS of the Norway explosion have demanded tens of millions of dollars towards full restitution, and accused operator Norwegian Cruise Line of ?placing corporate profits ahead of safety?.

GENOA port president Luigi Merlo has expressed grave concern over an announced freeze on hiring public employees, writes John McLaughlin.

HONG Kong-listed port operator, container manufacturing and leasing company Cosco Pacific has signed a container sale and leaseback deal with the Commonwealth Bank of Australia, writes Sandra Tsui in Hong Kong.

THE United Nations has lifted a seven-year travel ban on US-based Liberian registry consultant Gerald Cooper, who has been linked to disgraced ex-Liberian president Charles Taylor.

CMA CGM chairman Jacques Saad has proposed restricting oil futures trading as a means of curbing speculation, which he says is behind the current surge in oil prices, writes Andrew Spurrier in Paris.

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CSBC Corp, Taiwan?s largest shipyard, may seek revised terms on its shipbuilding contracts, according to its chairman Cheng Wen-lon, writes Mike Grinter in Hong Kong.

ON the 20th anniversary of the Piper Alpha oil platform disaster in the UK North Sea, a Norwegian company has been ordered to improve drilling conditions on a key production platform, writes Martyn Wingrove.

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The price of oil hits a fresh high of $145 a barrel after US oil stockpiles fall by more than expected.

The Dow Jones Industrial Average closes more than 20% below its October peak, making it a bear market.

The European Central Bank is expected to raise interest rates to control inflation, which is near a 15-year high.

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Port strikes ?may close? Piraeus within days
GREEK ports have been left on the brink of closure to container traffic after the nation?s port workers announced further strike plans, writes Nigel Lowry in Athens.

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HIGHER volumes of crude oil will be heading out of Middle East and African ports to Asian terminals in the next five years despite a deceleration in global demand growth in the short term.

TANKER derivatives trading on the most frequently traded contract has begun to ease as freight rates in the underlying physical market near their peak.

CLEAN

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HIGHER volumes of crude oil will be heading out of Middle East and African ports to Asian terminals in the next five years despite a deceleration in global demand growth in the short term.

TANKER derivatives trading on the most frequently traded contract has begun to ease as freight rates in the underlying physical market near their peak.

CLEAN

A SUMMER breeze sweeping across the Atlantic panamax market has slowed activity, while owners look to fix longer periods to guarantee earnings at current rates, writes Jamie Dale.

WEAK demand for aframaxes in the US Gulf and Caribbean markets has forced rates lower this week, with further declines expected, writes Jamie Dale.

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THE global tanker fleet is set to expand by 18% by the end of 2010, ?massively exceeding? growth in seaborne crude trade over the same period, writes Michelle Wiese Bockmann.

ORE

TANKER derivatives trading on the most frequently traded contract has begun to ease as freight rates in the underlying physical market near their peak.

Index basis: 50-52,000 dwt bulk carrier, maximum 10 years old, 25t cranes with grabs, 14k on 30t ifo no diesel at sea

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A NEW EU project entitled Dryport could be a key factor in identifying and developing new logistics areas to support port expansion at Felixstowe.

PORTONAVE, the company at the centre of a furious debate on port development in Brazil, has defended itself in the face of a presidential decree that threatens to radically transform the legal framework for port investment in Latin America?s largest economy.

TAIWANESE shipbuilder CSBC Corp is set to launch its initial public offering on the Taiwan Stock Exchange on December 22.

ANGLO-Dutch oil major Shell is pressing ahead with plans for the construction of a floating liquefied natural gas production facility which could cost about $2bn.

THE moderate rebound anticipated in St Lawrence Seaway traffic in 2008 has yet to materialise as the North American waterway heads towards the usually slow summer season, writes Leo Ryan in Montreal.

From Geoffry Lucas,

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