 Business Times: Myanmar invites firms to run 6 Yangon ports
(YANGON) Myanmar's military government has invited offers from private companies to operate six major ports in the country's commercial capital and build more in anticipation of a boost in exports.
Business Times: India Feb oil export rise on shipments to US
(MUMBAI) Bookings of tankers to export fuels from India's west coast, the home of two Reliance Industries Ltd refineries, rose in February as India sold more petrol to the US. Shipments of at least 1.07 million tonnes, or about 9.1 million barrels, of oil products have left West Indiaso far this month for places such as Japan, the US, and the UK, up from 760 ...
Business Times: Supertanker surplus shrinks on demand
(LONDON) The supply of supertankers competing to haul cargoes of Middle East crude oil shrank as falling rates spurred demand.
Business Times: S Africa intercepts N Korean arms shipment
(UNITED NATIONS) South Africa has told a UN Security Council committee that it intercepted a North Korean weapons shipment bound for Central Africa, which diplomats said was a violation of a UN ban on arms sales by Pyongyang.
Business Times: Good time to modernise fleet
REGULATIONS for the restriction of air pollution from ships will mean extra costs and responsibilities for shipowners, UK-based BMT Group's subsidiary BMT Marine & Offshore Surveys told a London insurance market seminar recently.
Business Times: China's oil imports seen to drive tanker market
(SINGAPORE) China, the world's second-largest energy consumer, may lead an increase in demand for tankers as its energy needs rise, Poten & Partners said in a report.
Business Times: Cheaper anti-piracy actions needed
(NEW YORK) The US says that it wants to find cheaper options to battle pirates off the coast of Somalia, as an international naval force has pushed the seaborne brigands from the one million square miles of the Gulf of Aden into an area twice that size in the Indian Ocean.
Business Times: LME proposes joint venture with Baltic Exchange
(LONDON) The London Metal Exchange (LME), the world's largest market for aluminium and copper, has proposed forming a joint venture with the Baltic Exchange to take trading of freight derivatives onto a new exchange.
Business Times: Strike hits Bangladesh's ship-breaking industry
(DHAKA) Bangladesh's ship-breaking yards in Chittagong, the country's second-largest city, ground to a halt yesterday as some 30,000 workers protested against a government decree aimed at improving environmental standards in the industry, police said.
Business Times: Several cities vying to host next America's Cup
(SAN FRANCISCO) America's Cup champion Larry Ellison said that San Francisco was his first choice for the next regatta - but quickly added that it was not guaranteed to host an event that will provide a significant boost to the host city's economy.
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