Commodities will battle to regain a prized place in many portfolios after the 'super cycle' fizzled out and in a world of muted global growth, executives at JP Morgan Asset Management said. The sector could, however, claw back a shred of…
An Australian port and a stake in the Empire State Building's operator were among assets acquired by sovereign investors such as wealth funds and state pension funds in the third quarter of 2016, with deals totalling $21.2 billion.The combined…
Royal IHC has appointed Arie Vergunst as Chief Financial Officer as of October 1, 2016. Vergunst succeeds Dave Vander Heyde, who became CEO on September 1, 2016. Vergunst has worked at IHC since June 2007 in several financial positions, both at holding level as well as in the business.
Nor-Shipping invites the next generation to find solutions to this generation’s challenges through its unique ‘Problem to Profit’ initiative. The leading global maritime event week, taking place in Oslo and Lillestrøm, Norway, from May 30 to June 2…
Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $338,000 in civil penalties. The agreements were reached with one vessel-operating common carrier and…
A delegation of Great Lakes-St. Lawrence Seaway maritime industry leaders held day-long meetings on Wednesday with Wisconsin state political leadership. Briefings covered the economic impacts of Great Lakes Seaway shipping to Wisconsin’s economy – 8…
Glander International Bunkering, one of the industry’s oldest bunker trading and brokering firms, has announced that the group has merged with the Norwegian company Scandinavian Bunkering AS. Scandinavian Bunkering AS. was established in 1993 and as of September 26…
The international ship managers’ body, InterManager, has extended its global membership by welcoming four new members, including its first Chinese member. Chinese shipping firm The International Trade Ocean Shipping Supply Company (ITOS Supply)…
Kirby Inland Marine LP has agreed to pay $4.9 million in civil penalties to settle claims stemming from a 4,000-barrel oil spill in the Houston Ship Channel in March 2014, the U.S. Justice Department said on Tuesday. The company, a subsidiary of Kirby Corp…
The crisis in global shipping and a tax exodus by big Greek vessel owners have helped finally seal the fate of London's Baltic Exchange after at least three approaches to buy it over the last six years of its near-three centuries history. Some…
International Transport Intermediaries Club (ITIC) says delay in submitting - or failure to pass on - documentation is the most common cause of claims against tanker brokers. Moreover, the tightening of procedures in a difficult market may serve to make such failures more costly…
Baltic Exchange on Monday named Mark Jackson, a former Chairman and Director, to replace Chief Executive Officer Jeremy Penn. Baltic Exchange shareholders earlier approved an 87 million pound ($112 million) takeover by Singapore Exchange for one of London's oldest institutions…
Hanjin’s bankruptcy leaves the proposed carrier grouping THE Alliance at a size disadvantage to both its future rivals. Might a replacement be called up?The container shipping industry is in a state of flux at the moment and nobody can honestly…
Closing this year’s IUMI 2016 marine insurance conference in Genova today, IUMI President, Dieter Berg expressed concern over the increasing number of large marine losses and their potential to put severe financial strain on insurance companies…
The European Commission has granted 6.2 Million Euros ($6.9mln) for a new research project called SHIPLYS (Ship Lifecycle Software Solutions). The project gathers a team of 12 leading maritime companies and research facilities from several…
