Monday, October 13th, 2008

Being the skeleton of your organization’s business activity, you must give utmost importance to

Being the skeleton of your organizations business activity, you must give utmost importance to your business process as a whole. This is extremely important since the success or failure in achieving the goals of your business will largely depend on the process that you have followed, together with your business strategies and plans. Thus, without an effective business process, your business is as good as dead when the time comes.

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Monday, October 13th, 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.

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Sunday, October 12th, 2008

Late breaking news

?Watered down? safety policies are approved

EUROPEAN Union transport ministers have agreed to radically reduced versions of two controversial maritime safety directives, raising the possibility that the ?Erika 3? package of legislation might finally become law before the end of the year.

Economou wins TOP extension

SHIPOWNER George Economou is lowering his offer to buy out struggling Athens-based neighbour TOP Ships, but both sides remain at the negotiating table.

Brussels consortia rules backed by legal competition heavyweight

A TOP competition lawyer has leaped to the defence of the European Commission that had come under fierce criticism from container lines over proposed new rules for shipping alliances.

Call for revival of India yard subsidy

INDIA?S Shipping Ministry is pushing for a reintroduction of shipbuilding subsidies amid concern that several existing orders and options placed at Indian yards could be cancelled.

Grand entrance Navigator of the Seas comes to Malta

ROYAL Caribbean Cruise Lines? 138,279 gt Navigator of the Seas of has became the largest cruiseship to enter Malta?s Grand Harbour, just pipping sistership Voyager Of The Seas by 1,003 gt, writes Cecil Jones in Valletta.

Shadow shipping minister adds voice to UK rates row

SHADOW shipping minister Julian Brazier has taken up arms against the controversial new business rating system hitting ports around England and Wales, writes Felicity Landon.

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Sunday, October 12th, 2008

Confessions of an Economic Hit Man.

Confessions of an Economic Hit Man
by: John Perkins
publisher: Plume
, released: 27 December, 2005

price: $10.20 (new), $5.97 (used)

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Sunday, October 12th, 2008

Air purifiers are also ideal for those who have pets

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

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.

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Friday, October 10th, 2008

Late breaking news

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

Dispute is with MCA and no one else

Dispute is with MCA and no one else
Name and address supplied

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Thursday, October 9th, 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

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

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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