Sunday, October 12th, 2008
Air purifiers are also ideal for those who have pets. While you would associate pets with homeowners, there is a chance that you may own or operate a business with a focus on pets. In the United States, there a large number of pet stores, which allow their customers to bring their pets inside, vet offices, as well as pet grooming shops. If you are the owner of one of these businesses, you are advised to seriously consider purchasing an air purifier for your office. In many cases, you will find it makes it easier for you and your clients to breathe.
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Sunday, October 12th, 2008
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.
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Friday, October 10th, 2008
Fear grips global stock markets
Global stocks fall sharply on one of the worst days of trading in 30 years, despite continuing actions to tackle the crisis.
Darling calls for action from G7
Alistair Darling calls on the Group of Seven rich countries to “do whatever it takes” to tackle the global financial crisis.
UK PM demands fuel price cuts
UK Prime Minister Gordon Brown calls for falls in the price of oil to be passed on to consumers ‘as quickly as possible’.
News, explainers and analysis see full coverage of the global turmoil
News, explainers and analysis see full coverage of the global turmoil
Bush vows to stabilise US economy
President George W Bush vows to work “aggressively” to restore economic stability, as world stock markets tumble.
Venezuela shuts down McDonald’s
Venezuela shuts all branches of restaurant chain McDonald’s for 48 hours, citing tax irregularities, officials say.
Interbank lending in deep freeze
Bank-to-bank lending rates rise despite aggressive measures from governments worldwide to tackle the credit freeze.
Russia approves $86bn bank rescue
Russia’s lower house of parliament, the Duma, approves a raft of measures worth $86bn (51bn) to assist banks.
IMF takes action to stem crisis
The International Monetary Fund (IMF) activates an emergency finance facility to help countries hit by the financial crisis.
Citigroup ends Wachovia dispute
US financial giant Citigroup says it will not seek to bar Wells Fargo from taking over troubled bank Wachovia.
Libya ‘to pull Swiss bank assets’
Libya is to withdraw an estimated $7m of assets from Swiss banks in a row over the arrest of the Libyan leader’s son.
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Thursday, October 9th, 2008
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Thursday, October 9th, 2008
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
IT should be clear to everyone by now that the world has changed since yesterday.
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.
MISC seals five-year $1bn loan
MISC has signed a five-year $1bn syndicated loan deal with Singapore, Japanese and French banks, writes Marcus Hand.
Antwerp bunker firms put a squeeze on credit
BUNKER suppliers in Antwerp have reduced credit lines by nearly half to help improve cash flows, which has forced some owners to turn to the larger trading houses for help, writes Jamie Dale.
Teekay dividend hike to follow share buy-back
TEEKAY, the leading tanker and gas shipping group, is earmarking $200m to buy back 14% of its own shares in a defiant move at a time of turmoil in world financial markets, writes Tony Gray.
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Wednesday, October 8th, 2008
K Line sees profit rocket
JAPAN?S K Line said yesterday that it achieved earnings of 984.643bn ($9.2bn) in the nine months from April 1, 2007 to December 31 2007. The figure reflects an increase of 184.125bn on the same period in 2006, writes Mike Grinter.
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