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    <title>Breaking News headlines from www.lloydslist.com</title>
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    <copyright>The content of this feed is copyright by Informa plc. Reproduction, retrieval, copying or transmission of the content of this site is not permitted without the publisher's prior consent.  Lloyd's is the registered trademark of the Society incorporated by the Lloyd's Act 1871 by the name of Lloyd's</copyright>
    <managingEditor>webeditor@lloydslist.com</managingEditor>
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    <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    <lastBuildDate>Mon, 12 May 2008 05:00:28 GMT</lastBuildDate>
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      <day>Saturday</day>
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    <item>
      <title>Cosco orders eight more boxship behemoths</title>
      <link>http://www.lloydslist.com/art/20017531576&amp;src=rss</link>
      <description>NANTONG Cosco KHI Shipping Engineering to build 13,350 teu vessels in $1.3bn deal.</description>
      <author>Janet Porter</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Genco snaps up Bocimar bulkers</title>
      <link>http://www.lloydslist.com/art/20017531573&amp;src=rss</link>
      <description>GENCO pays $257m for two panamaxes and a suparamax, according to brokers report.</description>
      <author>Michelle Wiese Bockmann</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Antonio Tajani to get EU transport chief job</title>
      <link>http://www.lloydslist.com/art/20017531398&amp;src=rss</link>
      <description>ITALIAN Euro MP will be new commissioner as Jacques Barrot takes on new Brussels portfolio.</description>
      <author>Justin Stares, Brussels</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>STX Shipbuilding catches VLCC order wave</title>
      <link>http://www.lloydslist.com/art/20017531252&amp;src=rss</link>
      <description>SOUTH Korean shipbuilder wins contracts worth $1.1bn for seven VLCCs this week.</description>
      <author>By Mike Grinter in Hong Kong</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Bourbon revenues up by 21%</title>
      <link>http://www.lloydslist.com/art/20017531379&amp;src=rss</link>
      <description>REVENUES rise 21% in first quarter as both its offshore and bulk shipping divisions registered strong growth.</description>
      <author>Andrew Spurrier, Paris</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>DryShips absorbs Economou stake in Ocean Rig</title>
      <link>http://www.lloydslist.com/art/20017531374&amp;src=rss</link>
      <description>DRYSHIPS buys out the private 4.4% stake of its chief executive George Economou in target company Ocean Rig.</description>
      <author>Nigel Lowry, Athens</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Pacific Basin to sell shares to fund expansion</title>
      <link>http://www.lloydslist.com/art/20017531320&amp;src=rss</link>
      <description>BULK shipping company to raise $275m via share sale in Hong Kong.</description>
      <author />
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Maersk teams up with GL to tackle box losses</title>
      <link>http://www.lloydslist.com/art/20017531519&amp;src=rss</link>
      <description>DANISH carrier leads way in  efforts to find out why so many containers are being lost overboard.</description>
      <author>Janet Porter</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>New government to revive Messina bridge plan</title>
      <link>http://www.lloydslist.com/art/20017531533&amp;src=rss</link>
      <description>PROJECT which was shelved by former Italian premier Romano Prodi now back on the agenda.</description>
      <author>John McLaughlin</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Profit slump in line with Torm expectations</title>
      <link>http://www.lloydslist.com/art/20017531427&amp;src=rss</link>
      <description>FIRST quarter profits before tax down from $680m to $52.1m, but group says in line with expectations.</description>
      <author>Craig Eason</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>ICL joins World Shipping Council</title>
      <link>http://www.lloydslist.com/art/20017531434&amp;src=rss</link>
      <description>TRANSATLANTIC specialist has joined the World Shipping Council which represents liner shipping interests in Washington.</description>
      <author>Janet Porter</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Yang Ming to spin-off bulker operations</title>
      <link>http://www.lloydslist.com/art/20017531441&amp;src=rss</link>
      <description>MOVE aimed at maximising its profit potential, the company said.</description>
      <author>Mike Grinter, Hong Kong</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>TBS eyes secondhand buys as profit trebles</title>
      <link>http://www.lloydslist.com/art/20017531524&amp;src=rss</link>
      <description>BUMPER revenues on a slightly expanded fleet TBS International to more than treble its quarterly net profit.</description>
      <author>Rajesh Joshi, New York</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>STX Pan Ocean plans to buy eight bulkers</title>
      <link>http://www.lloydslist.com/art/20017531292&amp;src=rss</link>
      <description>SHIPOWNER changes strategy and plans to spend additional $290m for eight handysize bulk carriers.</description>
      <author>By Marcus Hand in Singapore</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>London throughput stays above 50m tonnes</title>
      <link>http://www.lloydslist.com/art/20017531273&amp;src=rss</link>
      <description>TOTAL volume at the port rises 1.5% last year while box throughput tops 2m teu for the first time.</description>
      <author>By David Osler</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>ANL boxship runs aground in Australia</title>
      <link>http://www.lloydslist.com/art/20017531272&amp;src=rss</link>
      <description>The Francoise Gilot has managed to move off under its own power and will be inspected to ensure seaworthiness.</description>
      <author />
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Olsen sacked as Aker Floating Production chief</title>
      <link>http://www.lloydslist.com/art/20017531351&amp;src=rss</link>
      <description>SVEIN Olsen sacked because of rising project costs during the conversion of tankers into oil production ships.</description>
      <author>Martyn Wingrove</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Montanari slips in first quarter despite bigger fleet</title>
      <link>http://www.lloydslist.com/art/20017531372&amp;src=rss</link>
      <description>EARNINGS slide 46% as falling rates for the spot carriage of clean products also began to feed into rates for longer-term charters.</description>
      <author>John McLaughlin</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Pacific Basin share price tumbles</title>
      <link>http://www.lloydslist.com/art/20017531459&amp;src=rss</link>
      <description>SHARES takes a hit after handysize specialist confirms sale of 158.6m new shares.</description>
      <author>Keith Wallis, Hong Kong</author>
      <pubDate>Fri, 9 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Fredriksen fails to unseat Tui board chairman</title>
      <link>http://www.lloydslist.com/art/20017530900&amp;src=rss</link>
      <description>TROIM vows to continue to press for changes at the German group.</description>
      <author>By Katrin Berkenkopf in Hanover</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Ship managers warn of unprecedented crewing crisis</title>
      <link>http://www.lloydslist.com/art/20017530896&amp;src=rss</link>
      <description>FEARS that rapid global fleet expansion will lead to inadequately manned vessels.</description>
      <author>By Marcus Hand in Singapore</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Athens clears way for elusive shipping IPOs</title>
      <link>http://www.lloydslist.com/art/20017531113&amp;src=rss</link>
      <description>GREECE’S stock market regulators set to sweep away the last special requirements previously imposed on shipping companies.</description>
      <author>Nigel Lowry</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Marine Navigation Bill receives mixed reviews</title>
      <link>http://www.lloydslist.com/art/20017530975&amp;src=rss</link>
      <description>UK MARITIME industries response to the new Bill is that it contains little that has not been trailed well in advance.</description>
      <author>David Osler</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Macquarie ups China Cosco forecast for this year</title>
      <link>http://www.lloydslist.com/art/20017530872&amp;src=rss</link>
      <description>ANALYSTS expect surging dry bulk rates to more than offset cost hikes in container and other businesses.</description>
      <author>By Keith Wallis</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Jaya to expand yards on buoyant offshore demand</title>
      <link>http://www.lloydslist.com/art/20017530873&amp;src=rss</link>
      <description>SINGAPORE company's quarterly earnings lifted by higher chartering rates and gains from ship sales.</description>
      <author>By Marissa Chew in Singapore</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Polembros orders bulker duo from JES International</title>
      <link>http://www.lloydslist.com/art/20017530874&amp;src=rss</link>
      <description>CAPESIZE bulkers will be the first to be built at JES's new yard in China.</description>
      <author>By Marcus Hand in Singapore</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Germanischer Lloyd leads LNG fuel studies</title>
      <link>http://www.lloydslist.com/art/20017531065&amp;src=rss</link>
      <description>SMALL containerships powered by liquefied natural gas could be in service within a few years as shipowners experiment with less-polluting fuels.</description>
      <author>Janet Porter</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Capesize rates surge under South American demand</title>
      <link>http://www.lloydslist.com/art/20017531115&amp;src=rss</link>
      <description>BULK carrier freight rates are nudging record highs, as charterers pay over $250,000 per day for capesize vessels carrying iron ore from Brazil to China.</description>
      <author>Michelle Wiese Bockmann</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Burma cyclone aid halted by damaged container terminal</title>
      <link>http://www.lloydslist.com/art/20017530995&amp;src=rss</link>
      <description>INTERNATIONAL relief efforts to help Myanmar could be hampered as its gateway container terminal was badly damaged in the storm.</description>
      <author>Keith Wallis</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Louis Hellenic cruiseship damaged in high winds</title>
      <link>http://www.lloydslist.com/art/20017531128&amp;src=rss</link>
      <description>GREEK-FLAGGED vessel suffered from a gash when it made contact with a pier this morning on leaving the Cretan port of Heraklion.</description>
      <author>Sandra Speares</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
    </item>
    <item>
      <title>Stolt-Nielsen and Odfjell investigation dropped</title>
      <link>http://www.lloydslist.com/art/20017531056&amp;src=rss</link>
      <description>BRUSSELS closes its collusive behaviour investigation in the parcel tanker trades without penalising the accused companies.</description>
      <author>Rajesh Joshi</author>
      <pubDate>Thu, 8 May 2008 00:00:00 GMT</pubDate>
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