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?.

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.

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INADEQUATE enforcement of international conventions by flag states is an intractable problem for the shipping industry, delegates at the Cadwallader memorial lecture heard.

THIS week?s Marine Environment Protection Committee meeting at the International Maritime Organization can deliver progress on managing shipping?s contribution to carbon dixoide emissions and must also adopt the controversial changes to Marpol Annex VI agreed at its last meeting.

THE UK Royal Navy does have the power to hold pirates under the UN Convention on the Law of the Sea but must work with local law enforcement and the UK Foreign and Commonwealth Office for their subsequent prosecution, defence sources have said.

TANKER owners have been urged to ditch a ?sheep like? mentality to chartering vessels and embrace their emerging freight derivatives market.

PLANS for a $30 per teu fee to be levied on containers moving through major Californian ports have been vetoed by Arnold Schwarzenegger, who expressed concern that the additional costs could exacerbate the economic downturn, writes Janet Porter.

THIS week?s meeting of the International Maritime Organization?s Marine Environmental Protection Committee must rank as one of the most important for years. With an agenda which will take in air emissions, climate change, water ballast and ship recycling, it would be wrong to suggest that one item is more important than any other.

LLOYD?S LIST today introduces a number of changes to strengthen its unrivalled coverage and analysis of key industry sectors.

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From Dr NE Dangoor

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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.

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SHIPPING needs to brace itself for a downturn in world trade and demand for maritime services as a likely consequence of the global economic crisis, London?s leading marine insurers have warned in Lime Street.

A REPORT published by South Korea?s Ministry of Knowledge Economy and the National Intelligence Service has warned that security at the nation?s shipyards has a great deal of room for improvement.

CONVOYS, coastguards, more warships and a curb on ransom inflation are all options in the fight against Somali piracy, according to a new Chatham House report.

FIVE executives from the Jones Act liner industry have pleaded guilty to price fixing, as the US government drew first blood in an investigation launched in April.

NORWEGIAN ferry operator Nye Kystlink held a crisis board meeting yesterday to discuss the its future, writes Craig Eason.

WRTSIL and Hyundai Heavy Industries remain confident about the long-term prospects for the market for liquefied natural gas carriers, despite the dearth of orders for new vessels, ongoing delays in developing LNG terminals and the global financial crisis, writes Keith Wallis.

FRENCH energy group GDF Suez has indicated that its new LNG terminal at the port of Marseilles will come into service a further 12 months behind schedule, writes Andrew Spurrier.

GENOA-based Bravo Futures has been renamed Imarex Italia after Norwegian derivatives broker Imarex exercised its option to purchase a majority stake, writes Jamie Dale.

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Price of litre of petrol tops 1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden.

The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden.

Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.

Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn.

Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its 2.7bn acquisition of ICI’s National Starch adhesives business early next year. By David Gow.

British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo.

Outlook at fashion chain Next ‘uncertain’ in run-up to Christmas, company warns. By Julia Finch.

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Outsourcing companies is considered as a major industry in developing countries. Governments of developing countries are welcoming outsourcing companies to provide top quality jobs for their professionals with high paying salary. Although the salary you will give to outsourcing companies in other countries may be considered high, in the United States it will be considered to be very low, the minimum wage in developing countries is far lower than you can imagine.

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Contact information - you business name, address, phone,
email and website. I would avoid putting your mobile phone
number on. You can always write it on for ‘ special ‘
customers, letting them know that you only give this number
to certain people

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US stocks are set to open lower on caution over whether the House of Representatives will back the new bank rescue plan.

French president Nicolas Sarkozy’s office announces an emergency summit on the global financial crisis.

The European Central Bank keeps eurozone interest rates at 4.25%, resisting pressure for a rate cut.

French Finance Minister Christine Lagarde criticises Ireland’s decision to guarantee all bank deposits.

The US Senate approves a revised draft of a Wall Street rescue plan which now returns to the House, at a key moment for financial markets.

US car sales fell sharply last month, the latest sign that woes in the financial sector are spreading to the wider economy.

The Ulster Bank has applied to join the Irish government’s scheme to guarantee all the deposits in Irish banks.

Europe’s Competition Commissioner is speaking to Dublin about its decision to guarantee all bank deposits.

The slower US economy sparks a sharp drop in the money Mexican migrants are sending home, official figures show.

Tory plans to scrap a third runway at Heathrow and build a high-speed rail line instead ‘beggars belief’, says BA’s boss.

The European Commission fines firms involved in a ‘paraffin mafia’ that affected the price of candles and paper plates.

Italy’s poor Calabria region plans to spend EU regional development funds on branding linked to the Italian national football team.

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