Saturday, July 5th, 2008

Late breaking news

Gard to shell out surprise $9m bonus

SHIPOWNERS who have tonnage entered mutually in Gard P&I Club, one of the world?s top two such organisations, are to receive a total $9m ?give back?.

Security fears delay Hindustan Shipyard?s revamp again

THE financial restructuring of government-owned Hindustan Shipyard has been delayed further and referred to a group of ministers after suggestions that its expansion plans could cause national security concerns.

Charter rate surge helps Jinhui to double profits

JINHUI Shipping and Transportation, the Oslo-listed Hong Kong bulker operator, saw net profit surge 109% to $12.8m in the first quarter buoyed by soaring charter rates. Turnover climbed 49% to $54.3m.

DryShips celebrates best quarterly result to date

DRYSHIPS chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.

Piraeus port raises income

IMPROVED results for the first quarter of 2007 have been unveiled by the Piraeus Port Authority, the corporation in charge of Greece?s largest port.

Langley to take new Lloyd?s role

SUE Langley, one of the most high profile personalities in the London market, is to join Lloyd?s to raise operational competitiveness and ensure a focus on North American business, which supplies 40% of revenue at Lloyd?s, writes James Brewer.

Russian tax breaks set up storage rush

DEMAND for tankers to act as floating storage units in the Black and Baltic seas is bound to pick up after the Russian government introduced tax breaks.

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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Friday, July 4th, 2008

BALTIC TANKER INDICES ? 25 Jan 2008

BALTIC TANKER INDICES ? 25 Jan 2008
For more information on routes or calculations, visit www.balticexchange.com

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Friday, July 4th, 2008

China coal export freeze sends prices soaring

China coal export freeze sends prices soaring
CHINESE shipping companies have been forced to divert their vessels to load coal for China, with the country in the grip of a severe power crisis, Reuters reports.

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Thursday, July 3rd, 2008

Late breaking news

Oil price hits yet another record

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

Eurozone rates increase to 4.25%

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

Vodafone in Ghana mobile deal

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

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Wednesday, July 2nd, 2008

Virgin Media upbeat after growth in customers

Virgin Media upbeat after growth in customers
Cable group Virgin Media added 13,000 new customers in the third quarter of the year. By <strong>Chris Tryhorn</strong>.

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Wednesday, July 2nd, 2008

Women & Money: Owning the Power to Control Your Destiny.

Women & Money: Owning the Power to Control Your Destiny
by: Suze Orman
publisher: Spiegel & Grau
, released: 27 February, 2007

price: $14.97 (new), $14.48 (used)

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Tuesday, July 1st, 2008

Late breaking news

Gard to shell out surprise $9m bonus

SHIPOWNERS who have tonnage entered mutually in Gard P&I Club, one of the world?s top two such organisations, are to receive a total $9m ?give back?.

Security fears delay Hindustan Shipyard?s revamp again

THE financial restructuring of government-owned Hindustan Shipyard has been delayed further and referred to a group of ministers after suggestions that its expansion plans could cause national security concerns.

Charter rate surge helps Jinhui to double profits

JINHUI Shipping and Transportation, the Oslo-listed Hong Kong bulker operator, saw net profit surge 109% to $12.8m in the first quarter buoyed by soaring charter rates. Turnover climbed 49% to $54.3m.

DryShips celebrates best quarterly result to date

DRYSHIPS chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.

Piraeus port raises income

IMPROVED results for the first quarter of 2007 have been unveiled by the Piraeus Port Authority, the corporation in charge of Greece?s largest port.

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Tuesday, July 1st, 2008

Late breaking news

Resales rise as listed companies snap up tonnage

DRY bulk secondhand activity continued to surge, with the majority of interest from buyers seeking modern units.

Indian breakers forge ahead as scrap bids rise

A STEEP rise in steelscrap prices in India has coincided with a serious financial crunch in Bangladesh, putting operators from the world?s largest shipbreaking yard in Alang firmly in the top position this week in the ship demolition stakes.

Tight VLCC supply pushes up Middle East Gulf rates

VERY large crude carrier rates are heading towards W250 or more than $200,000 per day in the Middle East Gulf, as tonnage availability looks thin for the rest of July, writes Jamie Dale.

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Monday, June 30th, 2008

Late breaking news

Felixstowe could reap rewards of Dryport

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 under threat from presidential decree

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.

December launch for delayed CSBC listing

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

Shell fires up $2bn floating LNG plans

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.

Slow start to the year for St Lawrence Seaway

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.

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Monday, June 30th, 2008

FIS DRY BULK FFA PRICES 24 Jan 2008

FIS DRY BULK FFA PRICES 24 Jan 2008
For more information on routes or calculations please visit www.balticexchange.com

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