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THE jack-up rig fleet is expected to surge, with shipyards to deliver another 24 units for drilling contractors in the next six months.

TENSION among the rival political groups vying for control of Somalia has severely hampered security efforts, including initiatives to enlist foreign and private forces to patrol the coast.

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ATLANTIC handysize and supramax shipowners are accepting delivery options outside of their usual region as owners cannot afford to ballast amid record high bunker prices, writes Jamie Dale.

THE ASIAN product tanker market is holding steady after the strong gains in the past few weeks, with medium range tankers enjoying healthy levels of interest amid tight tonnage supply, writes Jerry Frank.

CLEAN

ORE

CLEAN

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

For more information on routes or calculations, visit www.balticexchange.com

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Fortis warns of sub-prime losses
Belgian bank Fortis warns that its losses connected to the sub-prime sector could be as much as 1bn euros.

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More delay feared in German terminal work
GERMANY?S deepwater container terminal Jade-Weser-Port has again become the subject of a bitter row between contractors, creating fears of further delay, writes Sabine Rabach in Cologne.

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Know your own weaknesses. If you are a more gentle personality your natural aversion to conflict may toss you into concessions that aren ” t necessary! If this is you, learn about yourself and take counter action. If you are overly stubborn and never give way to minor points, know this about yourself. Your stubbornness, holding out for 100 % your own way, may cause you to lose a really great deal! < / p>

6. Back up your position with logic