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In the past, handling all these can be easy. But because of the growing demands in businesses today, you have to consider that it will be difficult for your company to cope up with todays competitiveness in the business world. Your company should maximize its resources in order to remain competitive with other companies.

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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.

US OKs Rio Tinto buy

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.

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ESSAR Shipping forecasts income from its rapidly-expanding ports and logistics businesses to equal revenue from its fleet of 24 vessels within three years.

LARGE tankers are still steaming at full speed despite record high bunker prices, which reached more than $700 per tonne in Singapore yesterday for the first time ever.

CONTAINER FIXTURES

ANECDOTAL evidence is mounting that the slide in containership charter rates over the past few months is more than just a temporary correction, writes Janet Porter.

TRADERS and brokers acting in the very large crude carrier market are taking a breather this week as the majority of the July fixtures have been completed, but August stems have yet to appear, writes Martyn Wingrove.

THE dollar-per-day time charter rates for tanker freight derivatives contracts sold for 2009 are set to rise by between 28% and 80% from mid-July, when Imarex incorporates high bunker costs into its Worldscale rates calculations, writes Michelle Wiese Bockmann.

THE newly-established BoConti joint venture between two Antwerp-based shipowners has plans to eventually own or operate a fleet of up to 20 handysized bulk carriers, writesMichelle Wiese Bockmann.

Angola to stay top in oil

CLEAN

ORE

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

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Business Briefing
NAMES at Lloyd?s are continuing to reap better rewards from the market than the dominant corporates, according to an analysis commissioned from ratings agency Moody?s by the Associa- tion of Lloyd?s Members.

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The coffee chain Starbucks plans to close another 500 stores on top of the 100 it had already announced.

The president of oil producers’ cartel Opec tells the BBC crude oil prices could rise still further this week.

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.

Film rental firm Blockbuster withdraws its offer to buy US electronics firm Circuit City, citing a difficult market.

British Airways buys L’Avion - a French business-class only airline that flies between Paris and New York for 54m.

A German company which helps Zimbabwe supply its money becomes the latest firm to end its business links.

Nearly four million trucks go off India’s roads after their owners begin an indefinite strike to protest against rising fuel bills.

A Chinese businessman wins the right to have lunch with Warren Buffett after bidding $2.1m on auction site eBay.

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