TURKISH MARITIME MAGAZINE

IMO should set greenhouse gas Tanker owners group Intertanko has called on the International Maritime Organization to set early target levels for the energy efficiency of new ships.		India Box Traffic Falls 12 Percent Containerized traffic handled by major ports in India dropped 12.5 percent in the April-May period, according to data released by the Indian Ports Association.

Star Bulk Target Bobs Up We are continuing our Hold on Star Bulk Carriers Corp., but raising our target price to $5.		Hapag-Lloyd's new service Hapag-Lloyd Overseas, a trusted name in international container transport, continues to generate alternative solutions by expanding its range of services for import and export shipments.

Finnlines connect to the Baltic Sea Grimaldi Lines, a company with one of the largest Ro-Ro fleets in the world, started a new service in May in conjunction with Finnlines, one of its subsidiaries.		The ship Kybele is ready for travel Arkas is the primary sponsor of a project named “Journey into History via Izmir-Foça-Marseilles”, which intends to relive and document the impact of the Aegean Sea on Europe’s relationships throughout history.

Port operators meet in Istanbul Marport was one of the attendees at the Port Finance International Conference, held in Istanbul on May 12-13. At the conference, port and terminal operators and financial institutions focused on current issues and trends.		New service from EMES EMES now offers service to Casablanca, the largest city in Morocco.


India Navy foils pirate attack THE Indian Navy reportedly foiled an attack on a Slovenian -registered ship the Postojna. on passage from South Korea to Saudi Arabia. It is reported that three fast motorboats approached the vessel but fled when a Indian fired shots.		BHP and Rio start discussions BHP Billiton and Rio Tinto have started in-depth discussions with governments and authorities who will need to approve their $US5.8 billion ($7.3bn) deal to create the world's single largest iron ore producer

Drybulk market still has a long to go The Baltic Dry Index’s (BDI) major turbulences as shown by its vast volatility during the previous week, is a testament as to the dry bulk market’s trials and tribulations.		Maersk to Merge Logistics Units The A.P. Moller-Maersk Group will merge its two supply-chain management subsidiaries, Damco Sea & Air and Maersk Logistics, into one company on July 1 under the single brand name of Damco.

Strategic launches support vessel Henderson, Western Australia, based Strategic Marine has launched the 40 m fast support vessel Samson Supporter from its Singapore shipyard.		Royal Navy burns pirate boat With insufficient evidence to directly link them to a specific attack, the Royal Navy yesterday released ten pirate suspects, but burned one of their two skiffs.

Buoyant future for Yangtze ship The money will pay for navigation improvements to the busiest waterway in China - work that will be completed by 2020, according to a news release from the river's administration.		Nor-Shipping: GL's Efficiency Drive With as much as one third of the world’s total tanker and container ship capacities expected to be idle in 2010, it is clear that the ship owners and operators remaining in the market will face stiff competition.


GC Rieber buys back vessel NORWEGIAN-based GC Rieber Shipping has bought the high capacity 3D/4D vessel seismic survey vessel Geo Atlantic, including its current charter with Fugro, from PGS for US$58m.		Gangavaram port sets new record Gangavaram port, with the deepest draft in the country, has set a new record by discharging 71,808 tonnes on a day from a vessel carrying non-coking coal, according to a press release.

Dry bulk market powers through The Baltic Dry Index is one again reveling under the spotlight, as the index which tracks hauling commodities like iron ore and coal, yesterday market its 23rd consecutive rise, to reach an impressive 4,291 points.		Expensive oil Threats Economy's As the worst of the economic downturn seems to be over, optimism has returned to the global financial markets and the shipping industry as well.

Fitch Downgrades Essar Shipping Fitch Ratings has today downgraded Essar Shipping Ports and Logistics Ltd.'s (formerly Essar Shipping Limited, ESPLL) INR1,600m commercial paper (CP) programme to 'F2+(ind)' from 'F1(ind)'.		ICC Endorses Rotterdam Rules The International Chamber of Commerce threw its support behind ratification of the Rotterdam Rules to govern cargo liability in ocean transportation and related inland intermodal movements.

Turkey is in White List At its 42nd meeting last month, the Paris MoU Committee approved the 2008 inspection results and adopted new performance lists for flag States and Recognized Organizations.		Upgrade in Maersk services Maersk Line plans to upgrade its MECL1 and MECL2 services that cover the trade between the Middle East and Indian Subcontinent and the United States East Coast.