Monday, October 13th, 2008
Bullish NYK predicts record revenues
NIPPON Yusen Kaisha, Japan?s largest shipping company, saw net profit almost double to 93.15bn ($872.5m) in the first nine months of its financial year, up from 48.66bn a year earlier, buoyed by sterling results from its bulker division.
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Saturday, October 11th, 2008
BALTIC DRY BULK INDICES 31 Jan 2008
For more information on routes or calculations please visit www.balticexchange.com
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Saturday, October 11th, 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.
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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Friday, October 10th, 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.
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.
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Friday, October 10th, 2008
Business process, especially the non - core one, needs to be given equal importance and attention to achieve an efficient business operation. Outsourcing these business processes will not be a waste of time and financial resources, but rather a strategy to be followed. Surviving in this highly - competitive global marketplace is not as easy as you think. You need an option that will work to your advantage and that is outsourcing.
Fadely and DeBrota Associates Indianapolis IN
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Friday, October 10th, 2008
King tempers criticism of Darling
King: ‘No disagreement with chancellor’ Authorities knew savers had insufficient protection
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Thursday, October 9th, 2008
Asian stocks hit after Dow plunge
Asian markets open heavily down, with the Nikkei dropping over 10%, after US stocks fell to their lowest level for five years.
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.
Iceland nationalises biggest bank
Iceland nationalises its biggest bank and suspends trade on its stock exchange to prevent further panic in the country.
US warns of further bank failures
The US treasury secretary warns some banks will still fail despite a $700bn rescue package, as Asian markets enjoy calmer trading.
Libya blocks Swiss oil deliveries
Libya halts oil shipments to Switzerland months after the brief arrest of Muammar Gaddafi’s youngest son for assault.
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Thursday, October 9th, 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.
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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Wednesday, October 8th, 2008
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Wednesday, October 8th, 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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