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French bank Societe Generale is fined 4m euros for allowing one of its staff members to operate as a rogue trader.
The EU opens an in-depth probe into BHP Billiton’s $170bn unsolicited bid for rival miner Rio Tinto.
The price of oil falls slightly
on hopes Iran will react well to plans to resolve a dispute over its nuclear development.
Hamleys owner - Icelandic investment group Baugur - says it is examining ways to relocate to the UK.
Air France confirms it is in talks with French group Veolia about launching a high-speed rail service.
Indian inflation reaches its latest record high as food, fuel, cement and steel prices continue to rise.
Australia’s Origin urges shareholders to reject a 13.8bn Australian dollar takeover bid from UK rival BG Group.
The former head of one of Austria’s biggest banks, Bawag, is convicted of fraud charges by a court in Vienna.
Pringles, the popular snack food in a tube, are not potato crisps, a High Court judge rules, and should be free of VAT.
Has the row over TNK-BP spooked investors?
Recalling the world’s worst offshore oil disaster
Share ThisTILBURY 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.
Share ThisBALTIC TANKER INDICES ? 28 Jan 2008
For more information on routes or calculations, visit www.balticexchange.com
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THE UK government will today sign the final contract for the construction of two new large aircraft carriers for the Royal Navy, the largest to be built in UK shipyards and possibly kickstarting a British naval shipbuilding renaissance.
LESS than six months after he took over as president of the port of Genoa, Luigi Merlo has already discovered what a poisoned chalice he has inherited.
VICTIMS of South Korea?s worst oil spill could start to receive compensation in months rather than years, following the signing of a landmark co-operation agreement between P&I club Skuld and the Korean government.
FRENCH shipowners have joined forces with leading maritime institutions and non-governmental organisations in calling on the government to use its European Union presidency to press for application of the draft directive on the reinforcement of flag state responsibility.
LEADERS of the British shipbuilding industry are today gathering on HMS Ark Royal, the Royal Navy?s flagship, to sign the delayed 3bn ($6bn) contract with the UK government for the construction stage of two new aircraft carriers, writes Craig Eason.
SINOTRANS Shipping, the Hong Kong-listed offshoot of China?s largest transportation company, has acquired two 176,000 dwt capesize newbuilding resales on order at China?s Zhoushan Jinhaiwan Shipyard for a total of $194m, writes Keith Wallis.
POLARIS Shipmanagement, a Rickmers group company, has ordered four 24,000 dwt multi-purpose heavylift vessels from China?s Wuhu Xinlian Shipbuilding, in a deal that is believed to be worth around $160m, according to broking sources.
SINGAPORE has delayed the implementation of a new pilotage system as shipping companies have requested more time, writes Marcus Hand in Singapore.
THE capsized Philippines ferry Princess of the Stars is to be refloated, according to a government official, writes Marcus Hand in Singapore.
JINHUI Holdings has continued its fleet expansion programme with a Y4.5bn ($42.3m) order at Japan?s Naikai Zosen for a 38,000 dwt handysize newbuilding that will be delivered in June 2012, writes Keith Wallis.
NORTHERN Ireland?s port of Belfast has warned of a worsening economic outlook despite recording an 18% rise in pre-tax profits to 22.1m ($44m) for 2007.
THE Jawaharlal Nehru Port Trust has invited requests for qualification for extending its existing container berth by 330 m, at an estimated cost of Rs6bn ($140m).
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Share ThisThe coffee chain Starbucks plans to close another 500 stores on top of the 100 it had already announced.
EU Trade Commissioner Peter Mandelson accuses French President Nicolas Sarkozy of undermining him.
Britain’s biggest union, Unite, is merging with the US-based United Steelworkers union to create a new “global” body.
General Motors reports better sales than expected for June, but they are still well below last year’s levels.
UBS overhauls its management structure as it tries to recover from losses linked to the sub-prime crisis.
Foreign staff at BP’s Russian joint venture could be forced out of the country after their visa requests were refused.
Investment in ‘green’ energy surged in 2007 and early 2008 despite financial market woe, a report says.
World oil supplies will grow more slowly than previously thought over the next five years, warns the International Energy Agency.
A Chinese businessman wins the right to have lunch with Warren Buffett after bidding $2.1m on auction site eBay.
