Consequences of US Ports’ Closure The Strike Club has warned that if the looming threat of a stevedores’ strike at 14 ports along the US east and Gulf coasts becomes a reality, it could be the precursor of further labour unrest, not only in the US but elsewhere…
Erik Bethel, of SinoLatin Capital addressed the question at recent Latin America China Investors Forum in Shanghai.Amidst much speculation regarding the slowdown of China’s GDP, with 2012 estimates likely to fall below 8%, SinoLatin Capital…
Greece's NewLead Holdings Ltd. receives NASDAQ notification letter regarding minimum bid price requirement.NewLead Holdings Ltd announce they have received a written notification from the NASDAQ Stock Market LLC ('NASDAQ') indicating that…
Overall confidence levels in the shipping industry fell in the three months ended August 2012 to their lowest level for a year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
Iron-Ore carrier daily rates rebound as China spends US$158-billion.Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of a 1 trillion-yuan ($158 billion) building program…
TV worldwide internet TV Channel – Maritime TV – receives strategic investment for new program development and expansion.TV Worldwide, (www.TVWorldwide.com ), a pioneering web-based global TV network since 1999, announces that one of its subsidiary Internet TV Channels…
11 business-led projects to get more than $1.3 million in funding from the Research & Development Corporation of Newfoundland & Labrador (RDC).'With an increasingly diversified economy continuing to outpace growth in other regions around North America…
Ocean-going vessels (OGVs) to become eligible for a 50% reduction in port facility & light dues if they switch to cleaner fuel while berthed in Hong Kong waters.'The government has been implementing a package of 22 measures, targeting various major polluting sources…
AB Volvo finalizes acquisition of shares in Deutz AG to increase its shareholding in Deutz AG from 6.7% to just over 25%.In total, AB Volvo has acquired 22,117,693 shares from Same Deutz-Fahr Group for an amount of EUR 130 million. The transaction…
In recent years, excess vessel capacity has been plaguing shipping markets and the resultant drop in asset values has restrained financing options for ship owners. Following the financial crisis in 2008, demand across the major shipping segments – dry bulk…
APM Terminals is entering the Russian market in a strategic partnership with the leading Russian transportation group, N-Trans. By acquiring 37.5 pct. of the public company Global Ports, APM Terminals becomes an equal controlling partner in the leading operator of container terminals in Russia…
Construction of Van Phong International Transshipment Port has ceased, opening door to investors says economic zone official.The $3.6 billion transshipment port, fully funded by the debt-laden Vietnam National Shipping Lines , or Vinalines…
Shell accepts US$560-million offer from Plains Exploration & Production (PXP for working interest in Gulf of Mexico Holstein asset.Shell received an unsolicited offer from PXP for Shell’s working interest. The transaction is effective October 1…
Dongfang Shipbuilding Group Co., Ltd. (Zongyang) the largest private shipyard in Anhui is preparing to sell off part of its assets, or intends to recapitalize. In early May 2007, Zhejiang Dongfang Shipbuilding Group Co., Ltd. took note of…
Keppel Corporation launch Keppel Care Foundation Limited to help the needy & under-privileged, promote education & encourage eco-friendly initiatives.The Keppel Group of Companies (Keppel) will commit up to S$50 million over the next ten years to the Foundation…