• Public Offer of 53,763,000 Units approximately 9.6 times subscribed, valid applications amount to approximately S$478.7 million• Largest REIT IPO in Singapore year-to-date with S$512.9 million raised• Commencement of trading of Keppel DC REIT on the Main Board of the SGX-ST at 2…
NORDEN has taken a $230 million provision with no cash flow effect for onerous time charter contracts in Dry Cargo and reduces full-year guidance – underlying operations unchanged. Following an updated market evaluation, NORDEN has concluded…
Houston’s Port Commission Chairman Janiece Longoria delivered the 2014 State of the port address in early November.Completing her second year, chairman Longoria reported to a capacity crowd of almost 500 people that the Port of Houston Authority (PHA) is enjoying business success…
Significant increases seen for Corps’ seaport programs & EPA’s DERA grants.In reviewing the proposed $1.01 trillion Consolidated and Further Continuing Appropriations Act of 2015 hammered out in Congress late yesterday, the American Association…
The Consolidated and Further Continuing Appropriations Act of 2015 released last night provides strong funding for the U.S. Army Corps of Engineers' Civil Works mission for inland navigation. Emerging details from the Energy and Water Development and Related Agencies Appropriations Act of 2015…
Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is winding down in its current form, laying off some U.S. employees and pursuing a sale of some overseas operations, sources said on Tuesday. The divestment by Occidental Corp…
It’s not every “tugboat magnate” who is willing to show up at work in full Halloween costume, nor capable of running a NYC marathon in under 4 hours – decked out in Harry Potter wizard regalia, complete with hat, cape and wand – while wearing…
A/S Dan-Bunkering Ltd. has announced that Morten Rosenberg Nielsen has been employed as Group Credit Analyst effective from 1st December 2014.Morten who holds a Master Degree in finance comes from a similar position, where he was responsible for credit activities predominantly within Europe…
U.S. Representative Joe Barton will introduce a bill on Tuesday to lift the 40-year ban on exports of crude oil, but the measure has almost no chance of passing due to lawmaker concerns about fuel prices and costs to refiners.Barton, a Republican from Texas…
Denmark has compensated nine Somalis suspected of trying to hijack a Danish ship in 2013 because they were detained too long before being brought before a judge, the public prosecutor's office said on Monday.Each defendant received $3,247 for the 13 days they were detained…
U.S. stocks declined on Monday, dragged lower by a big drop in energy shares and global growth concerns following soft data out of China and Japan. Energy was easily the worst-performing S&P sector, down 3.6 percent, as Brent crude fell…
China Eximbank has loaned Ivory Coast $875 million (approx.) for the construction of a second container terminal at Abidjan port, noted the port's General Director.Ivory Coast plans to increase capacity at the port in its economic capital Abidjan…
Careless errors by ship agents are resulting in costly claims, according to ITIC.In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two pro-forma invoices in respect of port dues, using the cheaper rate for a cargo of malt…
Robert Gordon University’s (RGU) ladies football team has received a welcome boost this season with support from a leading energy operator. Norwegian-based company Teekay Petrojarl has agreed a $7,800 (approximate) sponsorship package for the team which has funded a new kit…
BP is to axe middle managers and could freeze projects as it grapples with the plummeting oil price, The Sunday Times reported, citing finance director Brian Gilvary.'What you'll see with this simplification plan is that headcounts are starting…