India attacked over UK bank snub
India is accused of "protectionism" amid claims a UK bank was blocked from opening a rural network.

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Realizing the importance of a business process in achieving their business objectives, there are companies that prefer to outsource some or all of their business process ( most specifically the non - core processes ) to third - party organizations. The main motive in outsourcing a business process is to allow the business to invest most of their time, financial, and human resources into core activities and focus on building effective strategies, which will fuel the growth of the company.

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NAB chief economist Alan Oster said the report was still consistent with economic growth of 4. 0 % a year or more for the economy and that the Reserve Bank of Australia remains on track to raise interest rates in coming months.

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Non - core business processes that can be outsourced range from production to customer service to support functions ( such as software development ). Most companies that are outsourcing their business process are from Western countries and they are delegating the work to outsourcing firms located offshore, especially countries located on the Eastern hemisphere, such as China, Philippines, India, and Malaysia.

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Companies regularly outsource their business process offshore, particularly to developing countries filled with qualified and talented individuals, such as China, Philippines, Mexico and India. These countries offer good quality services for your business process and they charge a very cheap rate for these services.

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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.

CLEAN

AS THE northern hemisphere gets ready for its winter upsurge in demand for clean products, long range tanker owners have entered the fourth quarter with strong spot rates, writes Jerry Frank.

ORE

RISING demand for repair work in the Gulf of Mexico to fix damage caused by hurricanes Ike and Gustav will tighten the global market for subsea construction and inspection vessels for the next six months, writes Martyn Wingrove.

Crunch to hit dry bulk fleet

CHARTERERS emerged from the woodwork yesterday to profit from the latest drop in dry bulk freight rates; but brokers gained some confidence from a couple of confirmed period fixtures, writes Jamie Dale.

For more information on routes or calculations please visit www.balticexchange.com

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AXSMARINE CAPESIZE COAL INDEX 31 Jan 2008
Rate calculations based on a 172,000 dwt capesize built 1999/daily hire $126,598. Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering and Sobelnord.

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Vessel exodus from Med is good omen for suezmaxes
SUEZMAX owners stand to gain in the short-term for loading in the Black Sea due to a vessel shortfall in the Mediterranean, writes Jamie Dale.

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IMF lowers global growth forecast
The International Monetary Fund lowers its forecasts for global economic growth but does not predict a recession.

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New Flame break-up ready to begin
SALVORS working on the ill-fated bulker New Flame are to begin cutting the ship?s stern section from the sunken bow so the stern can be refloated and towed away, writes Rajesh Joshi in New York.

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