Author Archives: Editor

Steamship Mutual P & I Club Sets 5% Premium Increase for 2012

Posted on November 6, 2011 by Editor

The Directors of the London-based Steamship Mutual P&I Club “recently reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2012 policy year,” said  an announcement from the Club. … Continue reading →

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Ship Value: New Container Ships Fall 31% in Value as Rents, Economies Cool

Posted on November 6, 2011 by Editor

New container ships’ value dropped as much as 31 percent since April because of falling hire costs and cooling economies, according to Seasure Shipping Ltd.Post-panamax vessels that are too large to navigate the Panama Canal are worth $73.2 million, below … Continue reading →

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ICC launch new probe

Posted on November 3, 2011 by Editor

3/11/2011 2:01 PM Sportal The ICC’s anti-corruption unit is set to launch an investigation into Pakistan’s 2010 Test matches against Australia in England. The investigation has been prompted by the emergence of incriminating text messages between player agent Mazhar Majeed … Continue reading →

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Cricket: Butt, Asif found guilty

Posted on November 3, 2011 by Editor

Former Pakistan Test captain Salman Butt and pace bowler Mohammad Asif face jail time after being found guilty of corruption. Butt was found guilty after standing trial at London’s Southwark Crown court on two charges of conspiracy to cheat and … Continue reading →

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I’m Your Liver! Let me tell you how much I love you!

Posted on November 3, 2011 by Editor

http://www.youtube.com/watch?v=wHChv3izCXs www.youtube.com

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Pakistan Shipping corporation under threat

Posted on November 3, 2011 by Editor

Pakistan National Shipping Corporation has been exposed to a variety of financial risks that include credit risk, market risk (including foreign exchange risk, cash flow and fair value interest rate risk and price risk) and liquidity risk. According to the … Continue reading →

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Rio Tinto Aims to Double Shipments on Own Vessels in Four Years

Posted on November 3, 2011 by Editor

Rio Tinto Group, the world’s second- largest mining company, aims to almost double the amount of commodities shipped on vessels it owns or hires to get iron ore and coal to customers more quickly. Ocean freight haulage on ships it … Continue reading →

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Trans-Pacific Rates Rise First Time in Two Months

Posted on November 3, 2011 by Editor

Trans-Pacific spot rates rebounded this week off their 22-month low of last week, rising for the first time in two months, as measured by Drewry Shipping Consultants weekly benchmark. The Drewry benchmark rate for container shipments from Hong Kong to … Continue reading →

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Top 10 Countries in the Red

Posted on November 2, 2011 by Editor

What’s black and white, but mostly red all over? The current global economy. As the European Banking Authority struggles to support its indebted member nations and Wall Street searches for its fiscal sea legs in the wake of the global … Continue reading →

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India GDP growth to beat China by 2013: Ernst&Young

Posted on November 2, 2011 by Editor

With the Indian GDP slowing down and inflation rising, some may not believe the India Story, but by 2013, India could actually overtake China in terms of GDP growth. A report by Ernst& Young forecasts Indian GDP to be at … Continue reading →

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