Mller and Molzahn take helm in Hamburg for Liberian Register
THE Liberian Register has announced the appointment of Julia Mller and Jrg Molzahn as general managers of its German office in Hamburg.
price: $11.20 (new), $4.07 (used)
Share ThisSHIPOWNERS 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?.
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.
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 chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.
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.
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.
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.
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.
From Dr NE Dangoor
Share ThisIn any plight, the most commonly used type of line credit is specialty loans. Racket loans are much provided by private sector lenders agnate considering prayer banks. The mart for dodge credit within the private sector is immense and this and means that competition is beauteous profound. The nice instruction is that all this translates into lower costs of borrowing craft credit.
FREEFALLING charter rates appear to have taken some of the biggest names in shipping by surprise, with the George Economou-controlled Classic Maritime now paying up to three times the market rate on some of its recent period charters.
BRAZIL?s Vale plans to meet with Chinese steel mills next week to follow up on its demands for a second price increase this fiscal year.
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Share ThisShares across the world fall sharply as fear grows of a widespread economic slowdown.
UK Prime Minister Gordon Brown calls for falls in the price of oil to be passed on to consumers ‘as quickly as possible’.
Finance minister from the Group of Seven rich countries will be meeting in Washington to discuss the credit crunch.
Russia’s lower house of parliament, the Duma, approves a raft of measures worth $86bn (51bn) to assist banks.
The International Monetary Fund (IMF) activates an emergency finance facility to help countries hit by the financial crisis.
US financial giant Citigroup says it will not seek to bar Wells Fargo from taking over troubled bank Wachovia.
Libya is to withdraw all its assets from Swiss banks in a row over the arrest of the Libyan leader’s youngest son.
The chairman of the African Union appeals against any cut in aid following the global financial crisis.
Iceland nationalises its biggest bank and suspends trade on its stock exchange to prevent further panic in the country.
The national debt clock in New York runs out of digits to record the spiralling figure.
Auction brings a day of reckoning for the markets
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THE global financial crisis has claimed its first major casualty in Latin America?s port sector following the decision by LLX Logistica ? the logistics arm of Brazilian billionaire Eike Batista?s business empire ? to axe its $1.9bn port project in Peruibe, Sao Paulo.
?IN the old days, when the navy would catch a pirate, they would tie his hands and feet and throw him back in the sea.?
THE Polish government is seeking support from its counterparts in Germany, France and possibly the UK in its dispute with the European Commission over the restructuring of Polish shipyards.
FORMER marines will be available to escort shipping in the Gulf of Aden as part of an innovative war risk product placed at Lloyd?s to protect against piracy.
IT is a brave company that takes on the US government and wins, so congratulations are in order for Sweden?s Stena Group.
I AM not being provocatively disingenuous when I claim ? as Lord West did ? that I am only a simple sailor, but I feel it as the cosily-named credit-crunch has morphed into a global banking crisis, something vastly more sinister.
THE largest infrastructure projects in Latin America are feeling the chill passing through the global financial markets, writes Rainbow Nelson.
ASIAN shipowners are urging governments to establish legal jurisdiction to prosecute Somalian pirates, writes Marcus Hand in Manila.
SOARING fuel costs coupled with weak passenger demand have scuppered a fast ferry service in Japan using two high-speed wave piercing catamarans just five months after the second vessel was delivered to Higashi Nihon Ferry, writes Keith Wallis in Hong Kong.
A FRENCH trawler sank off the French Channel coast early yesterday following a collision with an MOL-managed vehicle carrier, writes Andrew Spurrier.
DELAYS in liquefied natural gas production projects will result in a tight supply market for the next 15 years, a report by Bernstein Research predicts.
ROYAL Caribbean is selling its 50% stake in Island Cruises to Tui Travel subsidiary First Choice Holidays for an undisclosed sum, writes Sandra Speares.
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Share ThisDEMOLITION rates in key shipbreaking centres continued to drift south as buyers struggled to regain confidence in a severely dented market.
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.
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Package deals parchment paper diresta
Share ThisAgencies see good year for Iraq
The IMF and UN paint a bright picture of economic growth and political stabilisation in Iraq for the near future.
