Finance News


Coughlin Named "Director of the Year"

Dec 03, 2015

Dun & Bradstreet Chairman of the Board, Christopher Coughlin, will be honored later this evening by the National Association of Corporate Directors (NACD) as Director of the Year.'Dun & Bradstreet is extremely proud to have Chris as our Chairman of the Board…

Ecoslops Sells First Recycled Marine Fuel

Dec 02, 2015

Press release - Ecoslops, the first company to develop technology to produce recycled marine fuels from marine oil residues (‘slops’), has announced that it has sold its first volume of marine fuel, as well as importing a new shipment of slops to its refinery at the Port of Sinès in Portugal…

Dan-Bunkering Beijing Rep. Office Moves

Dec 02, 2015

Press release - On 1 December 2015, the Beijing office of worldwide bunker trading company, Dan-Bunkering, moved into a new office space.   The office which is headed by Mr. Zhang Chao on a daily basis was established in 2013.

Globus Maritime Reports Loss in Q3

Dec 02, 2015

Globus Maritime reported loss in Q3 results amid depressed dry bulk rates though it remains cautiously optimistic on China’s economy and expects demand for dry bulk commodities to remain strong. Total comprehensive loss for the third quarter of the year 2015 amounted to $2…

Sembcorp Marine Issues Q4 Profit Warning

Dec 02, 2015

Sembcorp Marine, one of the world's largest offshore drilling rig producers,  expects to record a net loss for the fourth quarter ending December, due to the challenging operating environment and customers deferring or seeking to defer their rig orders…

COP21 - 2 billion Tonnes of Goods Shipped Using GHG Rating

Dec 02, 2015

Market-led solution reduces shipping’s carbon dioxide emissions. Ahead of COP21, 26 of the 35 charterers that include vessel efficiency in their supply chain selection have come forward to highlight their proactive measures on climate change…

BSEE Participates in Circumpolar Gap Analysis Workgroup

Dec 01, 2015

Bureau of Safety and Environmental Enforcement staff from the Oil Spill Preparedness Division attended an international workshop last month that focused on how Arctic meteorological and oceanographic conditions can affect traditional oil spill response strategies…

CMA CGM Seeking Funds for NOL Takeover

Dec 01, 2015

France’s CMA CGM has approached banks to finance its potential takeover bid for Singapore’s Neptune Orient Lines Ltd (NOL), reports Bloomberg. The world’s No. 3 container shipping company is in talks with banks including BNP Paribas SA…

Hapag-Lloyd Buys Back US Bonds

Dec 01, 2015

German container line Hapag-Lloyd  Hapag-Lloyd settles a high-yield dollar bond partly prematurely. The carrier would seek to pay off $125m in principal on its US dollar-denominated bond two years early. 'In the context of a continuous…

NY/NJ Port Authority Sees Debt Issuance of $1.2 bln in 2016

Nov 30, 2015

The Port Authority of New York and New Jersey sees consolidated debt issuance of $1.2 bln in 2016 compared with $1.5 bln this year, according to its $7.9 billion 2016 budget released on Monday. Although next year's debt issuance represents a decline from this year…

Opportunities for Shipping from Decarbonisation Through Windpower

Nov 30, 2015

As the interconnector of global trade shipping facilitates every other part of the economy, and decision making around low-carbon pathways in other transport modes and industries will both influence and constrain decarbonisation in shipping…

Marintec China Indicates Growth

Nov 30, 2015

Marintec China exhibition has grown by 14% since its last edition to cover 80,000 sq m with over 2,000 exhibiting companies  from 34 countries  defying the talk of a slowdown in China and its hard-hit shipyards. The two years since the…

Kuwait Names New Acting Oil Minister

Nov 29, 2015

Kuwait on Sunday appointed Anas al-Saleh as acting oil minister in addition to his roles as finance minister and deputy prime minister, state news agency KUNA reported.KUNA did not say why Ali al-Omair was leaving the oil minister post…

U.N. Climate Deal 'Quite Close' - Latvian President

Nov 29, 2015

World leaders are 'quite close' to reaching a deal to fight climate change when they meet in Paris from Monday, Latvian President Raimonds Vejonis, Europe's first Green party head of state, said, adding any deal should be legally binding…

Merkel Urges Binding Goals to Tackle Climate Change

Nov 29, 2015

Germany's chancellor gave a qualified welcome on Saturday to China's pledge to tackle rising temperatures ahead of a global climate conference but she called for more ambitious goals to cut greenhouse emissions.In her weekly internet podcast on Saturday…

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Ports of Indiana, Port of Antwerp-Bruges Explore Indiana-Belgian Partnership

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