TURKISH MARITIME

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Efforts to free SIRIUS STAR

Pentagon Secretary speaks

Minister of Transport declares

India destroys buccaneer ship

Influence of SIRIUS STAR hijacking

Surge in piracy in 2008

Hijacked captain speaks

Coast of Somalia out of control

Explanation by Vela

Exploration in Black Sea

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Explanation by Vela

Crude prices falling

Surge in piracy in 2008

Minister of Transport declares

Coast of Somalia out of control

Influence of SIRIUS STAR hijacking

Exploration in Black Sea

Hijacked captain speaks

Pentagon Secretary speaks

Efforts to free SIRIUS STAR

India destroys buccaneer ship

Pirates' spokesman claimed The Somalia pirates demand for 3 million dollars ransom for the hijacked fishing ship Tian Yu 8 through Turkish Maritime Magazine.		Big gas troika on the way Iran is ready to set up a joint firm with Russia and Qatar but has no plans to export Iranian gas to Qatari plants so that it could be turned into liquefied natural gas (LNG), was reported on Tuesday.

Precedent for Turkey Ankara is trying to set a precedent for Turkish jurisdiction in the eastern Mediterranean through state practice, prospecting for oil 80 miles south of Meis Island.		Pirates capture Saudi oil tanker Pirates have seized a giant Saudi-owned oil tanker in the Indian Ocean off the Kenyan coast and are steering it towards Somalia, the US Navy reports.

Oil cut in Oran OPEC, supplier of more than 40 percent of the world's oil, is likely to cut production at its summit in Oran, Algeria, next month and may not lower output at its meeting in Cairo on Nov. 29, the group's president said.		Pirates hijack ship of Nigeria The hijackers intercepted the MV Thou Galaxy as it sailed for Warri in Delta state, seizing the captain and others.

Pirates hijack Turkish ship Turkish maritime officials say pirates have commandeered a Turkish chemical tanker off the coast of Yemen.		DP World rate hike hits traders Many food traders in Dubai are now threatening to shut their businesses after DP World tightened container storage rules at Jebel Ali Port and increased the demurrage rates by as much as 166 per cent, Gulf News has learned.


OOCL New Milestone at Westports Orient Overseas Container Line (OOCL) of Hong Kong, which plys regularly to Port Klang, says its Malaysian operations will see continued growth for 2008 while anticipating a difficult period next year.		Skuld: Policy year 2009 Increases At the October 7 Board of Directors’ meeting, the premium requirements for renewal of the club membership were deliberated in light of the current claims and freight market, as well as the development in the financial markets.

Ailing dry bulk market patiently The Baltic Dry Index has halted its tremendous fall as of last week, which ended with a mild 10% drop, which also saw a couple of upward sessions.		Saudi petroleum exports dip It is reported that Saudi Arabia petroleum export volumes fell almost 10% in the first nine months due to outgoing repairs of its oil facilities.

Yasa Neslihan crew 'safe' THE crew of the 82,849 dwt kamsarmax bulk carrier Yasa Neslihan, which was hijacked on 29 October by armed pirates operating in the waters off Somalia, are all alive.		Yang Ming to lay-up boxships TAIWAN’s Yang Ming Marine Transport said it will lay up container vessels of up to 20,000 teu by the first half of next year.

EU seeks to tap gas from Turkey BRUSSELS energy commissioner Andris Piebalgs heads for Turkey and Azerbaijan today in search of gas for European Union.		Chinese ship repairers released FIFTEEN employees of Cosco Shipyard returned home on Sunday after being abducted for 12 days by three Russian-owned fishing processing vessels.


Nigeria to trim oil exports Nigeria will reduce crude oil export volumes by 5 percent in November and December due to OPEC's production cut, its state oil firm said on Thursday.		Hyundai net profit fell 33% Hyundai Heavy Industries Co. (KSE:009540), the world's largest shipbuilder, said Thursday that its third-quarter net profit fell 33 per cent on-year due to increased steel costs.

Oil falls further in Asian trade Oil prices continued to fell further in Asian trade Friday as worries over a slump in energy demand continues after reports of decline in US economy.		CMA CGM in Bangladesh French liner giant CMA CGM has had to put its impending services for the Bangladesh market on hold following a decision by the National Board of Revenue (NBR) to revoke its two year licence to operate in the country.

Russia to cut oil exports A Russian oil billionaire urged Moscow to join OPEC's output cuts just as the country's big oil companies reduced their November export plan by 10 percent, blaming the government for keeping export duty extra high.		Iran Deyanat was hijacked Iran's main shipping firm has told its vessels to install barbed wire on their decks and put crew on watch against pirates in the Gulf of Aden, it said on Wednesday.

Gulf of Aden declared warlike BRITISH shipping employers and unions have agreed to declare the Gulf of Aden a warlike operations area, in a deal that will double the pay of seafarers on many ships operated from the UK while serving close to piracy prone Somalia.		Yasa Neslihan is latest victim of THE 82,849 dwt kamsarmax bulk carrier Yasa Neslihan is the latest ship to be hijacked by armed pirates operating in the waters off Somalia.