29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/china-relaxes-rules-for-currency-forwards/
China relaxes rules for currency forwards China will allow more banks to sell currency forwards to their clients to further develop demand and the nation’s nascent derivatives market, the country’s foreign exchange regulator said on Tuesday.
29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/u-s-retailers%e2%80%99-holiday-sales-jump-5-5-on-apparel/
U.S. Retailers’ Holiday Sales Jump 5.5% on Apparel U.S. retailers’ 2010 holiday sales jumped 5.5 percent for the best performance in five years as shoppers snapped up clothing and jewelry at Macy’s Inc., Tiffany & Co. and other stores.
29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/mv-ems-river-pirated-in-the-indian-ocean/
In the early hours of 27 December, the MV EMS RIVER was pirated approximately 175 nautical miles North East of the port of Salalah, Oman. The 5,200 tonne general cargo ship, which is Antigua/Barbuda flagged and German owned, was on her way to San Nicolas, Greece from Jebel Ali in the UAE at the time of the attack. She has a crew of 8 (1 Romanian, 7 Philipinos) and is carrying a cargo of Petroleum Coke.
29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/iron-ore-prices-may-rise-by-5-next-quarter-nmdc/
Iron ore prices may rise by 5% next quarter: NMDC Iron ore prices in the domestic market may rise by about 5 per cent from the next quarter, according to NMDC chairman and managing director Rana Som.
29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/japanese-factory-output-rises-for-first-time-in-year/
Japanese factory output rises for first time in year Japanese industrial production rose for the first time in six months in November, largely thanks to government assistance programmes.
29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/october-home-prices-down-for-4th-straight-month/
October home prices down for 4th straight month U.S. single-family home prices fell for a fourth straight month in October pressured by a supply glut, home foreclosures and high unemployment, data from a closely watched survey showed on Tuesday.
29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/world-stock-markets-review-of-2010/
The traditional Santa Claus rally has helped the UK stock market to become one of the best-performing markets in the developed world in 2010, especially mid-tier and smaller companies. However, gains in German blue-chips were almost double those seen in the UK.
29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/german-inland-waterways-register-container-growth/
German inland waterways register container growth In the first eight months of 2010, freight transport by inland vessel in Germany grew by 12.5% to 151.2 million tonnes, according to a Port of Rotterdam news release.
29/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/29/euro-zone-reform-does-not-go-far-enough-ecbs-mersch/
Euro zone reform does not go far enough: ECB’s Mersch Recent reforms of euro zone governance have not gone far enough, European Central Bank Governing Council member Yves Mersch said on Tuesday.
27/12/2010 Link: http://www.hellenicshippingnews.com/new/2010/12/27/gms-week-52-merry-christmas-and-happy-new-year/
GMS Week 52 Merry Christmas and Happy New Year! With the holiday season in full swing and most in the shipping community haveing diverted their attentions towards more important issues, such as spending time with family, friends and loved ones, the recycling industry went through a bit of a slow spell this week as compared to recent weeks.