Finance News

 

Dunnam Joins Metro Group Maritime

Mar 16, 2016

Donna Dunnam, a long time employee of Hapag-Lloyd's Tampa office and prior to that CP ships, has joined the Metro Group Maritime receivable management and collection team.  Dunnam is looking forward to bringing her vast experience and superior collection skills to Metro Group Maritime…

Marad Chief, Coast Guard Commandant Advocate for Jones Act

Mar 16, 2016

Adm. Zukunft: “If you take the mariners away, what is the world going to look like 10 years from now? If we don’t have a US fleet or US shipyard to constitute that fleet, how do we prevail?” The House subcommittee on Coast Guard and Maritime…

Maritime Economics: Top Five Shipyards by Market Value

Mar 16, 2016

Shown is an infographic courtesy of VesselsValue.com looking at the top five shipyards ranked by the market value of the newbuilding contacts currently on order.According to Senior Data Editor, Craig Jallal, 'The current top five shipbuilding…

Indonesia Seeks Buyers for LNG Cargoes

Mar 16, 2016

According to a report in Reuters, Indonesia is seeking buyers for 'three to four' uncommitted liquefied natural gas (LNG) cargoes from its Bontang refinery operated by state energy company Pertamina in 2016. 'If there's a domestic buyer that wants them we'll prioritise them for domestic use…

MOL Autopilot Route Control Function Saves 1.5% Energy

Mar 15, 2016

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that the company, along with Tokyo Keiki Inc. (President & CEO: Kenichi Waki; Headquarters: Ota-ku, Tokyo), conducted a performance demonstration test of its autopilot route control function…

DW: Offshore Wind Looks to the Skies

Mar 14, 2016

In recent years, fishing communities in North West Europe have reaped numerous benefits from the rise of offshore wind – fishing vessels and their crews have been regularly employed for the transfer of technicians and equipment to wind farms off the coast…

341 Ships Traverse Suez Canal Last Week

Mar 14, 2016

The Suez Canal traffic data reported that 341 ships traverse the Suez Canal with a total cargo load of 18.88m tonnes from from 4 to 10 March 2016, as per a report in the Daily News Egypt. An average of 48.7 ships transited the canal per day during the past week…

Maersk to Boost Investments in Ghana

Mar 14, 2016

Maersk Group says it is committed to a long-term partnership with Ghana, and will boost its investments in the country. Accroding to local media report, the Maersk Group Chief Executive Officer, Nils S. Andersen, revealed that Maersk is…

China Merchants Mulls Further Expansion

Mar 14, 2016

China Merchants Holdings International (CMHI) has announced plans to invest in 10 overseas ports in regions that include Russia, West Africa and South East Asia. China Merchants Holdings International Co Ltd (CMHI), listed on the Hong Kong Stock Exchange…

Panama Moots Ship Financing Bill

Mar 14, 2016

With an aim to boost shipbuilding in the country and attract investment in its maritime industry, the Government of Panama has presented a new bill dedicated to the development of the mentioned industries, says the Panama Maritime Authority (AMP)…

Financial Institutions Visit Panama Canal

Mar 13, 2016

The five international financial institutions partially financing the Panama Canal Expansion Program traveled to Panama earlier this week to see the 96.6 percent progress made thus far.During their three-day visit to the Canal, representatives were guided through the Agua Clara and Cocoli locks…

Peel Ports Wins Carmen Award

Mar 12, 2016

Peel Ports has been recognised for its commitment to environmental stewardship in the delivery of its Manchester Ship Canal project by the prestigious and historic Carmen Awards. The awards, which honour exceptional achievement in industry and individual enterprise…

Global Ports Revenues Fall

Mar 12, 2016

Global Ports Investments PLC's  container traffic slumped 31 percent and revenue sank 28 percent in 2015. Global Ports Investments' revenues fell to USD405.7 million in the year to the end of December. Net loss of the port operator in 2015 amounted to $33…

Genco Shipping Posts Loss in 2015

Mar 12, 2016

US-headquartered ship owner Genco Shipping & Trading Limited suffered a massive loss for 2015 just like the rest of the industry. However, the result represents a big improvement from the losses in 2014. Dry bulk carrier has managed to decrease its net loss to USD 49…

Grangemouth Port Workers to Take Strike Action

Mar 12, 2016

Staff at the Port of Grangemouth - one of the country’s biggest ports handling 150,000 containers each year - have voted for strike action over changes to conditions by employer Forth Ports, reports Daily Record. Workers at Scotland's largest…

Logistics News

Ports of Indiana, Port of Antwerp-Bruges Explore Indiana-Belgian Partnership

Ports of Indiana, Port of Antwerp-Bruges Explore Indiana-Belgian Partnership

CK Hutchison Confirms Mediterranean Shipping Company As Main Investor in Ports Deal

CK Hutchison Confirms Mediterranean Shipping Company As Main Investor in Ports Deal

Port Everglades Signs 10-Year Lease Agreement with Everglades Company Terminal

Port Everglades Signs 10-Year Lease Agreement with Everglades Company Terminal

Konecranes Finalizes Portal Jib Crane Deliveries to U.S. Navy

Konecranes Finalizes Portal Jib Crane Deliveries to U.S. Navy

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