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Freight, shipping rates to face ‘long’ U-shaped recovery
Monday, 06.Feb.2012, 01:09
The recent slump in the Dry Baltic Index (BDI) to its three-year low has not been due to a drop in demand of dry bulk commodities but primarily due to overcapacity of ships.
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South Korean Shipbuilding Faces Hard Times, Hyundai Heavy Reflects
Monday, 06.Feb.2012, 00:57
After witnessing a brief recovery in the shipbuilding industry, South Korean shipyards are now bracing for hard times again. An initial burst of energy and optimism quickly slipped back into gloom in 2011 following continued concerns over the euro zone debt crisis as well as the slowing economic growth of the United States.
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Asia dry bulk rates to remain low
Monday, 06.Feb.2012, 00:52
Rates for dry bulk carriers on key Asian freight routes are expected to hover near multi-year lows over the next week as an increase in trading activity fails to offset pressure from an ever expanding fleet, ship brokers said.
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Bibliopole looking to preserve 15,000 rare books in his store
Monday, 06.Feb.2012, 00:01
SahaflarÇarşısı is home to many bibliopoles who have devoted their life to books. Adil Sarmusak has a rare book collection of 15,000 titles. He has kept the books in a virtual atmosphere and wants the state to preserve the works
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US imams issue fatwa against the honor killings
Monday, 06.Feb.2012, 00:01
Over 30 American imams signed a fatwa Saturday condemning honor killings, after a Canada court convicted Afghan immigrants for murdering four female relatives accused of damaging the family’s reputation.
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Rose prices give lovers a hard Valentine’s Day
Monday, 06.Feb.2012, 00:01
The recent cold weather and snow in Turkey not only affected people’s daily lives but negatively impacted the most common Valentine’s Day gift as well.
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Gilani set for Doha talks after Taliban announces Qatar office
Monday, 06.Feb.2012, 00:01
Pakistan’s prime minister goes to Qatar to discuss peace efforts with the Taliban after the Taliban’s statement saying it planned to set up a political office in Qatar
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Rival Putin rallies face off in Moscow
Monday, 06.Feb.2012, 00:01
Tens of thousands took to the streets of Moscow on Feb. 4 for rival rallies arguing over the future of Russian Prime Minister Vladimir Putin, ahead of presidential polls.
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Clashes in Egypt rage into 4th day
Monday, 06.Feb.2012, 00:01
Protesters and riot police fought pitched battles in Cairo yesterday as clashes sparked by the perceived failure of Egypt’s military rulers to prevent deadly football-linked violence raged into a fourth day.
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Qatari royal family buys Cezanne for $250 mln
Monday, 06.Feb.2012, 00:01
One of Cezanne’s best-loved paintings has sold for 160 million pounds, the highest price ever paid for a work of art. “The Card Players,” one in a series of five works depicting French peasants playing cards, was bought by the Gulf kingdom of Qatar, according to Britain’s Daily Mail.
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