According to London-based Clarkson, the world's biggest shipbroker, shipowners ordered new vessels worth a record US$105.5 billion in 2006. The trend has been spurred by tanker owners keen to upgrade their fleets ahead of IMO single-hull tanker deadlines that kick in at the end of the decade, according to an article published by Gulf News.
Eurozone growth ended 2006 strongly, thanks to better-than-expected growth in Germany and recovery in Italy. Gross domestic product across the 13 countries that use the euro grew 0.9% between October and December, compared with the previous three months.
Enormous deep-sea squid emit blinding flashes of light as they attack their prey, research shows. Taningia danae's spectacular light show was revealed in video footage taken in deep waters off Chichijima Island in the North Pacific and reported by BBC.
Telephone calls between Spain and Gibraltar have gone international, following the acceptance by Spain from this weekend of Gibraltar's international dialling code, reported the local press.
Finance ministers and bankers from the Group of Seven leading industrialized countries, G7, renewed pressure on China to relax controls over its currency. China promised more flexibility but gave no indication of time or percentages.
As if offering flights to space and recently hosting his own reality show were not enough to get British billionaire Sir Richard Branson the publicity he so richly affords, this week he has gone over the heads of environmental leaders everywhere to offer a US$ 25 million prize for the first scientist who can invent an economically viable way to clean carbon from Earth's atmosphere.
JP Morgan's family of EMBI (Emerging Markets Bond Index) indexes, once seen as the most important measure of aversion to developing countries' risk, no longer expresses the diversity of fast-growing emerging markets, the bank admitted in a report
Farmers are calling for a ban on raw imported poultry meat from countries infected with the H5N1 bird flu virus until the cause of the UK outbreak has been established.
Europe's concern with the stability of world financial markets is one of the main issues to be addressed by the seven most industrialized countries Finance ministers meeting, G-7, which is meeting in Germany and will see China participate for the first time in the main debates.
The European Central Bank, ECB, decided Thursday to keep its key interest rate on hold at 3.5%, but pointed out that strong vigilance remains essential to ensure that risks to price stability over the medium term do not materialize.