Finance News


Barclays Carbon Trader Joins Redshaw Advisors

Sep 15, 2014

LONDON, Sept 15 (Reuters) - Barclays' former lead carbon trader, made redundant by the British investment bank last week, has joined a London-based start-up firm founded by a former colleague.Tom Lord, who ran the Barclays emissions desk over the past year…

USDOT Award Tiger Vl Maritime Grants

Sep 15, 2014

American Association of Port Authorities
 (AAPA) say that after evaluating 797 applications totaling requests for $9 billion for FY 2014 Transportation Investment Generating Economic Recovery (TIGER) grants, U.S. Department of Transportation…

Deal to End Lockout at Canada Uranium Mine

Sep 14, 2014

Canadian uranium producer Cameco Corp and the United Steelworkers union, which represents 535 workers at the world's largest uranium mine and a nearby mill, have agreed to a tentative deal ending a nearly two-week lockout, both sides said on Friday…

Oil Refiner Bound to Goldman, Deutsche Fee Agreements - NY Judge

Sep 14, 2014

CVR Energy Inc is bound by agreements to pay Goldman Sachs Group Inc and Deutsche Bank AG more than $36 million in fees and expenses stemming from billionaire investor Carl Icahn's 2012 tender offer for the oil refiner, a New York state judge has ruled…

Short-Term U.S. Energy Outlook

Sep 14, 2014

The U.S Energy Information Adminstration have provided projections in their short-term Energy Outlook. The highlights are as follows:Highlights    * Driven in large part by falling crude oil prices, U.S. regular gasoline retail prices fell to an average of $3…

Scotland 'Yes' Vote Would Trigger Dispute Over Old Oil Rigs

Sep 12, 2014

Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence and gains most of the oil revenues, a move that bankers and lawyers say may result in years of legal battles.An…

ICS to Plead Shipowners' Eco-Concerns to IMO Member States

Sep 12, 2014

In advance of a critical intergovernmental meeting next month at the UN International Maritime Organization (IMO), the International Chamber of Shipping (ICS) has called on IMO Member States to give careful consideration to shipowners’ concerns…

Shippers Must Reduce Costs, Boost Efficiency

Sep 11, 2014

So what’s keeping ship operators awake at night these days?  Plenty, it seems. Sluggish recovery from a lingering worldwide recession, unsustainable debt loads, endemic overcapacity in most shipping trades, punishing freight rates, rising costs…

Ingalls Makes Large Donation to Bishop State

Sep 11, 2014

Huntington Ingalls Industries’ Ingalls Shipbuilding division has donated $89,786.90 to Bishop State Community College for the purchase of 20 welding machines and wire feeder boxes to support Ingalls’ pre-employment program at Bishop State.Ingalls…

Rickmers-Linie Supports Low Sulphur Regime, Expects Cost Hike

Sep 10, 2014

Rickmers-Linie has declared its support for the introduction of stricter sulphur regulations but expects that it will inevitably lead to an increase in the cost of marine fuels.“While shipping is already the most environmentally friendly mode of transport…

Offshore Oil Drilling Market to Suffer through 2015

Sep 10, 2014

A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday…

DHT Holdings to Acquire Samco Shipholding

Sep 09, 2014

DHT Holdings, Inc. announced today that it has entered into an agreement to acquire all the outstanding shares of Samco Shipholding Pte. Ltd., a private company incorporated under the laws of the Republic of Singapore. Samco owns and operates…

Port of Lake Charles Terminal Expansion Gains $10m

Sep 09, 2014

Sen. Landrieu Announces $10m for Port of Lake Charles Terminal ExpansionU.S. Senator Mary L. Landrieu, D-La., a Senior member of the Senate Appropriations Committee, today announced a $10 million grant for the Port of Lake Charles through…

Brambles Acquires Ferguson Group

Sep 09, 2014

The Ferguson Group announces that it has been acquired by Brambles Limited for an enterprise value of £320 million.Brambles Limited is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands…

NYK Aids Victims of Landslide in Hiroshima

Sep 08, 2014

In response to the landslide that occurred in Japan’s Hiroshima prefecture on August 20, the NYK Group has decided to collect donations from executives and employees throughout the group to aid those who were affected. NYK has deep compassion…

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