Monday, October 13th, 2008

Although it is important to understand how an air purifier works, it is also important to examine

Although it is important to understand how an air purifier works, it is also important to examine the benefits of using one. As a business owner, you will find a number of different benefits. Perhaps, the greatest benefit being clean air, as mentioned above. It is amazing what clean air can do, not only for you, but anyone else who may enter your business.

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Sunday, October 12th, 2008

Late breaking news

Oil pushes ever higher

Price of litre of petrol tops 1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden.

Dollar hits 26-year low against pound

The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden.

US gloom weighs on FTSE

Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.

Virgin Media hails growth ‘turnaround’

Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn.

National Starch takeover to cost thousands of jobs

Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its 2.7bn acquisition of ICI’s National Starch adhesives business early next year. By David Gow.

FirstGroup thanks oil price for rise in bus revenue

British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo.

Next sales ‘highly volatile’

Outlook at fashion chain Next ‘uncertain’ in run-up to Christmas, company warns. By Julia Finch.

Virgin Media upbeat after growth in customers

Cable group Virgin Media added 13,000 new customers in the third quarter of the year. By Chris Tryhorn.

Bank governor tones down criticism of Darling over crisis at Northern Rock

King: ‘No disagreement with chancellor’ Authorities knew savers had insufficient protection

Jazz label joins the DRM-free revolution

Record label Universal Music Classics & Jazz is making its entire catalogue available online without copy protection as part of an experiment to gauge fans’ demand for MP3 tracks. By Katie Allen.

ITV plc shares hit all-time low

ITV’s share price fell to an all-time low after it emerged the company wants BSkyB to sell its 17.9% stake. By Chris Tryhorn and Katie Allen.

News Corporation has appointed 27-year-old opera singer Natalie Bancroft to its board

News Corporation has overridden the wishes of Dow Jones shareholders the Bancroft family by appointing a 27-year-old opera singer with little experience of the media to represent the family on its board, according to reports.

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Sunday, October 12th, 2008

Motorola considers splitting up

Motorola considers splitting up
Motorola mulls breaking up its business as it battles to recover from losses and weak sales.

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Friday, October 10th, 2008

February start for Baltic tanker dollar rates

February start for Baltic tanker dollar rates
THE Baltic Exchange will begin showing the daily timecharter rates for two key tanker routes from February 4, writes Michelle Wiese Bockmann.

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Thursday, October 9th, 2008

The craft trial involves a lot of things

The craft trial involves a lot of things. Stable will perturb every aspect of your company in disposition to charter your company operate smoothly and efficiently. Unaffected will prevail function tasks, congeneric now marketing, payrolls, support desks, management, human resources and more.

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Thursday, October 9th, 2008

Late breaking news

?Nowhere to hide? for ailing container lines

CONTAINERSHIP lay-ups and financial losses now look inevitable as liner shipping faces several years of hardship.

Opec must perform 2009 ?balancing act?

OPEC output in 2009 is forecast at 31.6m barrels per day if there is a global recession, as falls in oil production from rival producers in Mexico and Russia expands the 13-nation cartel?s market share.

Tanker Fixtures

CLEAN

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Market Briefs

India faces coal crunch

CONTAINER FIXTURES

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Container charter rates hit fresh lows

ZIM Line has re-let a 2,986 teu containership at a rate that marks a new low in this current bear market, writes Janet Porter.

VLCC charters slide as market marks time

CHARTER rates are coming down for very large crude carriers as inquiries are drying up and the market waits for the November loading programmes to appear, writes Martyn Wingrove.

Dirty tanker fleet could hit 180m dwt

THE VLCC fleet has grown 1.5% this year, while the suezmax tanker fleet has expanded by 1% and aframaxes by 6.5%, writes Michelle Wiese Bockmann.

ZIM Line has re-let a 2,986 teu containership at a rate that marks a new low in this current bear market, writes Janet Porter.

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Wednesday, October 8th, 2008

Late breaking news

UK ports hearing on rates bills

PORT businesses fighting the controversial revamped rating system being rolled out around England and Wales have made a breakthrough in getting their message across at Westminster.

Manila seeks single class society to raise standards

THE Philippines government is considering imposing new rules in the wake of the Princess of the Stars tragedy that will see just one classification society being given the authority to class all domestic shipping.

Adriatic regasification row brings regional energy debate to a head

SLOVENIA?S incoming Social Democrat government looks set to continue the push for a strategic approach to the development of new regasification facilities in the northern Adriatic, arguing that projects for two new plants in the Trieste area pose an economic, maritime safety and environmental threat.

Brazil yards get cash boost

TURMOIL in the global financial markets has prompted the Brazilian government to pledge R$10bn ($4.5bn) of soft-funding to support the country?s resurgent shipbuilding sector.

Crewing industry fights on over disability ruling

THE Philippines crewing industry has vowed to keep fighting the so-called 120-day rule on the permanent disability of seafarers despite recent setbacks in the Supreme Court, writes Marcus Hand.

Times have changed

AS the shipping industry frets over the prospect of newbuilding cancellations, just how it is going to crew those that do get delivered remains a major question.

Eimskip finance fear after XL collapse

EIMSKIP, the ?1.5bn ($2.05bn) turnover Icelandic shipping and chill chain logistics group, has warned of ?uncertainty? over a ?207m loan guarantee claim relating to XL Leisure, the UK travel company that collapsed four weeks ago, writes Roger Hailey.

Aker halts NCL ship work

AKER Yards France has ordered the stoppage of work on the second of the two Freestyle 3 cruiseships under construction for NCL at its Saint Nazaire yard, writes Andrew Spurrier in Paris.

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Wednesday, October 8th, 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.

Nothing equitable about Equitas letter

From Dr NE Dangoor

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Tuesday, October 7th, 2008

Quality paper - my business cards are made from a really

durable card, that doesn ” t get ‘ dog eared ‘ easily and are
difficult to tear up< / p>

* Put your logo on - make the logo small, you ” ve a lot more
important information to put on your card
Quality paper - my business cards are made from a really
durable card, that doesn ” t get ‘ dog eared ‘ easily and are
difficult to tear up< / p>

* Put your logo on - make the logo small, you ” ve a lot more
important information to put on your card. You don ” t
necessarily need a logo but helps give you an identity. Get
a graphic designer to produce one for you; however there is
software you can buy for a DIY job. If you don ” t have a logo
you could utilise a drawing, caricature or a picture - as
long as you ” re consistent

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Monday, October 6th, 2008

Late breaking news

Breakers braced for further falls in rates

DEMOLITION rates in key shipbreaking centres continued to drift south as buyers struggled to regain confidence in a severely dented market.

Buyers walk away from deposits as prices plunge

PLUNGING vessel values led to the buyers of a supramax newbuilding under construction in China cancelling the deal and forfeiting a deposit of up to $12.6m, reports from Galbraith?s suggest.

Tanker Fixtures

CLEAN

Owners hope for fourth- quarter VLCC rate surge

OWNERS of very large crude carriers await the release of the first November stems later this week to gauge whether there will be the usual seasonal upswing in rates, writes Michelle Wiese Bockmann.

HHI worst hit as yards? stocks tumbles

SHARES in Hyundai Heavy Industries, the world?s largest shipbuilder, recorded their biggest drop in three weeks, writes Bloomberg.

News in brief

Golden Ocean in stock drop

Mittal warns of uncertainty in global steel markets

THE ArcelorMittal chief executive officer Lakshmi Mittal said the global steel market faces an ?unprecedented situation?? as the credit crisis hurts demand, Bloomberg reports.

Flat fortunes predicted for Pacific panamaxes

BROKERS in the Far East expect the Pacific panamax dry bulk market to remain flat as operators need time to regain confidence and major Chinese mills could soon slash production, writes Sandra Tsui in Hong Kong.

Dry Cargo Fixtures

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ICAP HANDYMAX INDEX? 2,012 (-91) 6 Oct 2008

Golden Ocean in stock drop

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