Private equity firm Arsenal Capital Partners is considering a sale of its business that helps U.S. oil and chemical companies reclaim import taxes, a partner at the firm said.Timothy Zappala told Reuters that other options for the company…
Florida Governor Rick Scott is expected to sign bipartisan, community-supported legislation that enacts major changes to the Port Authority Charter for the first time in Port Canaveral’s 60-year history.As a Special District created by the Florida Legislature…
The Shipping Professional Network in London (SPNL) hosted its first event of 2014, sponsored by Norton Rose Fulbright and BIMCO, held at the Norton Rose Fulbright offices in London. John Denholm (President of BIMCO & Chairman and Chief Executive…
Bourbon 2014 first quarter revenues were €320 million, an increase of 7.9% at constant exchange rates (2.9% at current rates; Bourbon confirms its objective of 8-10% growth in revenues for 2014 with a slight increase in the EBITDAR/revenue margin“Sequentially…
AGR’s Reservoir Management UK division (RM UK) is gearing up for a busy year ahead and has grown its sub-surface department with the addition of Steve Adams, Principal Geologist. Steve, who will be based in AGR’s Aberdeen office, has over 30 years’ experience in the oil and gas industry…
At the Annual General Meeting of Concordia Maritime AB held April 29, 2014, Carl-Johan Hagman was reelected as Chairman of the Board and Stefan Brocker was elected as Vice Chairman of the Board. Dan Sten Olsson, Mats Jansson, Michael G:son Löw…
Royal Dutch Shell capped a strong first quarter reporting season for oil majors with better-than-expected results which were boosted by gas earnings, while shareholders were rewarded with a higher dividend.Shares in the company were up…
Moody's Investors Service has revised for the first time since June 2011 its outlook for the global shipping industry to stable from negative. 'The revision reflects our expectation that the global industry's aggregate EBITDA will rise by…
Independent source of maritime market information for the trading and settlement of physical and derivative contracts, London's Baltic Exchange says it will be making changes to the Baltic Capesize Index including a change to its vessel description…
Ulstein Group reported it delivered a good result for 2013 with an operating income of NOK 2.3 billion compared to 2012’s result of NOK 2.27 billion. Similarly, Ulstein’s operating profits improved in 2013 to NOK 317.8 million from NOK 228 million in 2012…
Norway's Statoil defied gloom in the oil sector by reporting first-quarter earnings above expectations on Tuesday due to higher prices and good results from shale gas activities in the United States, lifting its shares. Regarding new sanctions on Russia…
Anne Brengle, president of the Coast Guard Foundation, presented the check to Rear Adm. Fred Midgette, commander of the Coast Guard 9th District at a ceremony in Cleveland.The presentation of the check was held at the Great Lakes Science Center in Cleveland…
“Think of a number. Any number will do, so long as it is very big. Then double it. The answer is likely to be as accurate as any supposedly informed estimates currently circulating in the shipping sector about the likely size of the industry’s…
First quarter deal activity matches lowest level in nine quarters; trucking and shipping lead transaction activityMerger and acquisition (M&A) activity in the transportation and logistics industry began 2014 on a soft note, with the total…
The CMA CGM Corporate Foundation for Children launches its second call for proposals intended for associations involved in the service of underprivileged children in the PACA region and in Lebanon.Founded in 2005 and chaired by Naïla Saadé…