CURRENCY TECHNICAL REPORT Charts, Trends, Tactics, Support and Resistance LevelsTuesday, 09 February 2010 The Euro pushed higher against the US Dollar amid renewed hopes that a bail-out of Greece will be announced shortly, but rising costs of protection against default in Spain and Portugal reveal...
Read More.. | Trailer Bridge Reports 2009 Fourth Quarter and Year End Unaudited Financial ResultsTuesday, 09 February 2010 Trailer Bridge, Inc. yesterday reported unaudited financial results for the fourth quarter and full year ended December 31, 2009. The Company reported operating income of $3.6 million in the fourth...
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GE Shipping: In safe watersTuesday, 09 February 2010 The shipping industry has witnessed a strong improvement in its operating environment over the past few weeks, as in the key tanker segment, which consists of transporting crude and allied petroleum...
Read More.. | Bleak outlook for dry bulk shipping in 2010Tuesday, 09 February 2010 The outlook for dry bulk shipping in 2010 is bleak due to the imbalance between demand and supply, according handysize specialist Precious Shipping.
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Container shipping may get costlierTuesday, 09 February 2010 The spot rate for container shipping on the Asia-Europe route is likely to rise to $2000 per TEU in two months as carriers plan to take out more capacity following the Chinese New Year due from the...
Read More.. | China Shipping Development Forming USD1.606bn VLOC FleetTuesday, 09 February 2010 China Shipping Development Co., Ltd., through a cargo ship affiliate, just received its first 230,000DWT very large ore carrier (VLOC), the first of its kind built by Chinese shipyards.
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TMT ship and yet another MSC box carrier 'bite the dust'Tuesday, 09 February 2010 The world's second largest box carrier Mediterranean Shipping Company (MSC) is 'dead serious' with its scrapping drive, market sources told Ocean Intelligence, in a week that saw at least 11 vessels...
Read More.. | Panama Canal revamp boosts China and puts Buffett bet at riskTuesday, 09 February 2010 Yesterday a team of local workmen in Panama would start to dig a hole partfunded by Japan, aided by Latin American cash and big enough to hold the world’s biggest Danish-owned, South...
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Qapco, Norgas sign pact for cargo transportTuesday, 09 February 2010 The Qatar Petrochemical Company (Qapco) and Norwegian shipping company Norgas have signed a Contract Of Affreightment (COA) for the transportation of ethylene from Mesaieed to various international...
Read More.. | Asian shippers want action over freight rate hikesTuesday, 09 February 2010 The Asian Shippers Council has a called on the Chinese government to act against sharp increases in container freight rates in recent weeks, despite the glut of overcapacity in the market.
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Greener ships - hull improvementsTuesday, 09 February 2010 There is a great deal that can be done with the shape of a ship to reduce its impact upon the environment and new ideas are appearing all the time. The end product is improved efficiency,
Read More.. | Egypt Suez Canal gets highest daily revenue since MayTuesday, 09 February 2010 The Suez Canal Authority earned $17 million in revenue on Monday, its highest daily figure since May, its spokesman said, adding it was an indication that the global economy was recovering.
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Sri Lanka shippers brace for more freight rate hikesTuesday, 09 February 2010 Sri Lankan shippers said they anticipate further hikes in freight rates as cargo flows improve after the recession with loss-making shipping lines trying to regain profitability and fewer ships...
Read More.. | DP World expects relaxation in Indian cabotage policyTuesday, 09 February 2010 The company expects that the Indian government will soon take a decision on the relaxation of the cabotage policy, given its huge investment in the Vallarpadam port project.
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Asia Gasoil/Jet-India MRPL offers more March lotsTuesday, 09 February 2010 India's Mangalore Refinery and Petrochemicals Ltd (MRPL) is offering 40,000 tonnes of 0.5 percent sulphur gas oil and 36,000 tonnes of jet fuel for end-March lifting, tender documents showed on...
Read More.. | India Inc sees only temporary relief in commodity pricesTuesday, 09 February 2010 The weekend saw commodity prices tumble the most since August, amid expectations that they will soften further. But, that may have been only temporary relief for India Inc, as the general expectation...
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Petrol production may be moving away from the developed world for goodTuesday, 09 February 2010 The world has assumed that a bounce in the fortunes of crude is a sign of global economic recovery. But demand for petroleum products – whether gasoline for haulage or heavy fuel for shipping...
Read More.. | Japan Current-Account Surplus Widens for Fifth MonthTuesday, 09 February 2010 Japan’s current-account surplus widened for a fifth month in December as demand from Asia helped exports advance for the first time in more than a year.
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