Tuesday, March 22, 2011

Why India Abstained at the UN

QUOTE

1. India has been following with serious concern the developments in Libya,
which have led to loss of numerous lives and injuries to many more. We
deplore the use of force, which is totally unacceptable, and must not be
resorted to. We are very concerned with the welfare of the civilian
population and foreigners in Libya.

2. The UN Secretary-General has appointed a Special Envoy, who has just
visited Libya. We have not had the benefit of his report or even a report
from the Secretariat on his assessment as yet. This would have given us an
objective analysis of the situation on ground. The African Union is also
sending a High Level Panel to Libya to make serious efforts for a peaceful
end to the crisis there. We must stress the importance of political efforts,
including those of the Secretary-General's Special Envoy, to address the
situation.

3. The resolution that the Council has adopted today authorizes far reaching
measures under Chapter VII of the UN Charter with relatively little credible
information on the situation on the ground in Libya. We also do not have
clarity about details of enforcement measures, including who and with what
assets will participate and how these measures will be exactly carried out.
It is, of course, very important that there is full respect for sovereignty,
unity and territorial integrity of Libya.

4. Mr President, the financial measures that are proposed in the resolution
could impact, directly or through indirect routes, ongoing trade and
investment activities of a number of member-states thereby adversely
affecting the economic interests of the Libyan people and others dependent
on these trade and economic ties. Moreover, we had to ensure that the
measures will mitigate and not exacerbate an already difficult situation for
the people of Libya. Clarity in the resolution on any spill-over affects of
these measures would have been very important.

5. Mr President, we have abstained on the resolution in view of the above. I
would like to re-emphasize that India continues to be gravely concerned
about the deteriorating humanitarian situation in Libya and calls on the
Libyan authorities to cease fire, protect the civilian population and
address the legitimate demands of the Libyan people

UNQUOTE

Vivek Rao

VARENCO PTY LTD

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia

Saturday, March 12, 2011

Whats happening to german shipping

Conditional agreement has been reached today between John T Essberger and
Schoeller Holdings on the sale of the UCT fleet to John T Essberger. In the
coming weeks both parties will be working together to ensure that all
details of the agreement are completed with minimal impact to the safe and
efficient operation of the ships. It is not intended to change technical
management or crewing of the fleet at this time or in the short-term future.


The commercial operation of the fleet during the transitional period will be
arranged in a professional and efficient manner between the parties while
the vessels are handed over to the new owners. It is the intention of both
the buyers and the sellers that the handover should be seamless and that
commercial operations will not be adversely affected.

Vivek Rao

VARENCO PTY LTD

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia

Tuesday, March 1, 2011

<p><a
href="http://www.physorg.com/news/2011-01-hackers-million-tonnes-eu-carbon.h
tml
">Hackers steal 2 million tonnes of EU carbon credits</a></p>

<p>Hackers stole two million tonnes of polluting rights in a five-day raid
this week on the European Union's carbon emissions trading system, an EU
source said on Thursday.</p>

Vivek Rao

VARENCO PTY LTD

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia