Finance News

 

BRP/Evinrude Research Fellowships Awarded

Oct 19, 2016

BRP announced today that its Evinrude brand, in partnership with the University of Wisconsin-Milwaukee’s School of Freshwater Sciences, has awarded the first two BRP/Evinrude Water Research Excellence Fellowships. The $5,000 fellowships…

Program Announced for Danish Maritime Forum

Oct 18, 2016

More than 200 global key leaders from all parts of the maritime value chain will meet in Copenhagen for the Danish Maritime Forum on October 26-27. Together they will discuss the most significant challenges and opportunities that lie ahead for the global economy…

Parker Joins Dan-Bunkering in Texas

Oct 18, 2016

Dan-Bunkering (America) Inc. has announced that Andrew Parker has been employed as Bunker Trader as of 15 September 2016.  Parker is in possession of a degree in Mechanical Engineering and is joining Dan-Bunkering after holding a position with an oil major…

European Shipping Week Receives EU Patronage

Oct 18, 2016

European Shipping Week has been granted the European Parliament’s official patronage by its President, Mr Martin Schultz.Commenting on European Shipping Week, Mr Schultz said his institution appreciated the opportunity for open dialogue…

GAC’s Global Husbandry Centre Now Operates 24/7

Oct 18, 2016

GAC’s Global Husbandry Centre (GHC) is now operating 24 hours a day, seven days a week – in response to the growing demand from its shipping principals.The GHC serves as a single point of contact for global clients, coordinating a range of services including crew handling…

Indiana Maritime Trade Mission Visits Québec

Oct 17, 2016

Indiana Secretary of Commerce Victor Smith, Ports of Indiana CEO Rich Cooper and a group of Indiana leaders are visiting Québec to learn more about how the province is implementing its $9 billion maritime strategy.Québec's Maritime Strategy…

India to Collaborate with Germany for Intermodal Projects in Ports

Oct 15, 2016

Indian Minister of Road Transport & Highways and Shipping Nitin Gadkari has said that India and Germany are all set to collaborate on projects for improving rail connectivity of Indian ports.  He said the two countries will work together…

Aberdeen Harbour Expansion Plans Remain on Track

Oct 12, 2016

Aberdeen Harbour Board has reinforced its ongoing commitment to expansion plans at Nigg Bay it was announced, but a final decision on the project still awaits the necessary planning consents.  At its October meeting the Board maintained clear support for the project to continue…

Rouhiainen Appointed Investor Relations Manager, Cargotec

Oct 12, 2016

Pekka Rouhiainen (M.Sc.Econ) has been appointed Investor Relations Manager as of 1 November, 2016. He joins Cargotec from Sanoma, where he has worked as Investor Relations Manager. 'Pekka has versatile experience from investor relations and finance sector…

Cargotec Received Verdict of damages of $13 mln from US Jury

Oct 11, 2016

Cargotec has received a USD 13 million verdict in a local jury trial in Hempstead, USA. The verdict is subject to the local judge's confirmation. Verdict is related to business acquisition negotiations Cargotec USA had in 2010 and 2011. The negotiations were closed without results…

Plunging UK Coal Imports Starts ‘Concerning Trend’ -BIMCO

Oct 10, 2016

The main exporters of thermal coal for coal-fired power plants to the U.K. have experienced a heavy decline in seaborne cargo volumes in 2016. This comes as a result of the U.K. starting a concerning trend for the dry bulk shipping industry…

GAC Bunker Fuels Joins Forces with REV LNG

Oct 10, 2016

GAC Bunker Fuels (GBFL), the GAC Group’s bunker trading and brokerage arm, has entered a strategic partnership with REV LNG and REV LNG Marine to deliver LNG bunkering services to ship owners and operators trading in North America.     The…

Concor Consortium to Bid for Colombo Container Terminal

Oct 10, 2016

Container Corporation of India (Concor) has  formed a consortium with APM Terminals B.V., John Keells Holdings and Maersk Line in order to bid for the development of East Container Terminal in Colombo, reports Hindu Business Line. The total project value is likely to be about $550-600 million…

Drewry Finds Risk of Carrier Failure Still High

Oct 10, 2016

Drewry’s Z-score carrier financial stress index sunk to its lowest ever point following the first-half 2016 results. After Hanjin’s bankruptcy shippers are demanding more financial transparency from carriers.There is still much work to be…

Coast Guard Foundation Raises $1.2 Mln

Oct 09, 2016

Last night the Coast Guard Foundation held its 36th Annual Salute to the U.S. Coast Guard in New York City. The event raised $1.2 million to support important Coast Guard Foundation programs such as scholarships, the Fallen Heroes program and…

Logistics News

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

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ISS advises against six Keisei Electric Railway Candidates in the fight with Palliser
Brazil's coffee harvest is behind last year's pace, but sales are still up
Imports from China to the busiest US port fell 9% in May due to tariffs of 145%