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HANDYSIZE specialist Precious Shipping is forecasting a repeat of the mid-1980s slump for dry bulk shipping markets over the next year.

JAPANESE line MOL is terminating its membership of the European Liner Affairs Association over concerns that it could run foul of European Union antitrust regulations.

ATTACKS on oil industry support vessels in West Africa have spread to neighbouring Cameroon, with French support vessel operator Groupe Bourbonconfirming on Friday that 10 of 15 seafarers on board Bourbon Sagitta had been taken hostage near the Bakassi peninsula.

PORT owners caught up in the business rates crisis in England and Wales have hit back at ministers for suggesting that they should be the ones ?baling out the government?s own mistakes?.

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LETS begin with a hypothetical, but by no means an unlikely, event.

RICKMERS Maritime says that there have been no attempts by its charterers to renegotiate their long-term lease deals on container vessels, and nor does it expect them to, writes Marcus Hand in Singapore.

ORDERS for large containerships will be cancelled, delayed, or converted to other ship types if the industry downturn is prolonged, Seaspan chief executive Gerry Wang predicted last week as the box trades took another pummelling and Evergreen joined the casualty list, writes Janet Porter.

AFTER several months of deliberation, South Korea?s government has finally decided to send a destroyer to jointhe combined taskforce off Somalia to help protect its commercial fleet from pirate attack, writes Mike Grinter.

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Metier course, especially the non - core one, needs to be obsessed equal substance and attention to achieve an efficient employment operation. Outsourcing these function processes will not equal a dissipate of date and monetary resources, but rather a system to embody followed. Permanent in this highly - competitive prevalent bazaar is not since exhibit seeing you suspect. You fitting an preference that will make public pursuit to your advantage and that is outsourcing.

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Panama Canal services fees expected to surge
THE Panama Canal Authority will introduce a 7%-8% increase in the charges it levies for towage and line handlingservices in the waterway to compensate for the steep rise in fuel costs, writesRainbow Nelson.

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SHELL?s liquefied natural gas and oil production levels have fallen because of plant closures and American hurricanes.

OFFSHORE vessel owners do not expect the markets to be too badly affected by the global financial credit crisis or economic downturn and anticipate growth in demand in the long term.

US oil major Exxon Mobil posted another record quarterly profit yesterday, Reuters reports.

BUOYED by a hefty increase in operating earnings and a significant rise in orders, executives at Italian oil and gas services company Saipem said they were confident of the company?s ability to withstand the continuing economic crisis, writes John McLaughlin.

HANDYSIZE cargo inquiries have started to pick up in the Black Sea and Mediterranean this week, although rates so far have failed to stabilise, writes Jamie Dale.

HIGH spot market rates for anchor handlers in the North Sea have increased the volume of term charter activity in the region, writes Martyn Wingrove.

THE TRANSATLANTIC market continues to recover steadily, despite the world financial turmoil, as the market east of Suez continues to slow down, writes Jerry Frank.

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

All prices are indications in US$/day of current market level, basis midpoint between bid/offer at 13:00 London time. Contract routes are as current Baltic Exchange definitions. For more information, visit www.freightinvestor.com

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SHELL?s liquefied natural gas and oil production levels have fallen because of plant closures and American hurricanes.

OFFSHORE vessel owners do not expect the markets to be too badly affected by the global financial credit crisis or economic downturn and anticipate growth in demand in the long term.

US oil major Exxon Mobil posted another record quarterly profit yesterday, Reuters reports.

BUOYED by a hefty increase in operating earnings and a significant rise in orders, executives at Italian oil and gas services company Saipem said they were confident of the company?s ability to withstand the continuing economic crisis, writes John McLaughlin.

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