Finance News

 

NewLead Holdings Acquire 5 Vessels

Jan 28, 2015

NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less than a year while performing on its strategy to capitalize on opportunities that arise in the market…

Drillsearch Reports Robust Performance

Jan 28, 2015

Drillsearch delivered a strong operating performance in the December quarter against a backdrop of challenging conditions that affected the oil and gas sector globally.Production of 0.79 million barrels of oil equivalent (mmboe) in the…

Greek Shipping Fears Syriza Tax Plan

Jan 28, 2015

Will the new government in Greece led by radical-left party Syriza levy higher taxes that the shipping industry can’t afford? A report in WSJ says that several owners in Greece’s important shipping sector are worried about this. Some owners…

Port of Antwerp Throughput up 4.3%

Jan 28, 2015

The port of Antwerp handled 199,012,082 tonnes of freight in 2014, a rise of 4.3% compared with the previous year. The new record that was already announced at the end of December is put into sharper focus by these figures. The record growth has been driven by the volume of containers (up 5…

AAPA Welcomes Tentative Chassis Agreement

Jan 27, 2015

The American Association of Port Authorities (AAPA)  welcomed news that negotiators for the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) have reached a tentative agreement on chassis maintenance and repair…

Sino-Global to Acquire Tanker

Jan 27, 2015

Sino-Global Shipping America, Ltd. a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the 'MOU'), between the Company and Rong Yao International Shipping Limited…

Investment Impact in Inland Waterways System

Jan 27, 2015

The National Waterways Foundation (NWF) has commissioned and released a two-year, ground-breaking study by the University of Tennessee and the University of Kentucky, “Inland Navigation in the United States: An Evaluation of Economic Impacts…

The 2nd Ballast Water Management Summit

Jan 26, 2015

Sign-up for this year’s most in-depth exchange of information and best venue for BWT stakeholders to network and meet regulatory peers is underway. Infocast’s 2nd Ballast Water Management Summit will take place in Long Beach, CA, from February 3-5…

Group HR Hires Hansen for Educational Programs

Jan 26, 2015

At Bunker Holding, the parent company of a group of worldwide bunker companies, Group HR has been infused with new manpower as of 1 December 2014 with the employment of Henrik Hansen, whose primary task will be the implementation of group-internal…

U.S. Refinery Contract Talks at Critical Stage

Jan 26, 2015

In five days of negotiations for a new three-year contract covering hourly workers at 63 U.S. refineries, the United Steelworkers union (USW) has sent only messages of frustration to its members.Twitter messages on Friday and Saturday said…

Gypsy Moth Clause Takes Balanced Approach to Risk

Jan 26, 2015

A new BIMCO clause provides a simple, practical and commercial solution focusing on the basic obligations and responsibilities of owners and charterers when dealing with the Asian Gypsy Moth (AGM).The spread by ships of AGM poses a severe…

Maersk Line Gets new AEO number

Jan 26, 2015

Maersk Line has been re-certified as an Authorised Economic Operator (AEO) with the AEO-F, the highest achievable accreditation in the European Union programme. The status benefits customers in several ways.The AEO-F certificate is granted…

India Not Pressurized by US-China Deal

Jan 25, 2015

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.India, the world's third largest carbon emitter, is reluctant…

U.S. Refinery Workers' Contract Talks Moving Slowly

Jan 25, 2015

With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company representatives for a new pact were going slow, according to a Twitter message sent to members…

Obama, Modi Aim High on India Trip

Jan 25, 2015

In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture friendship with a prime minister who until last year was persona non grata in Washington…

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Green Tech: Rise of the [Hull Clening] Robots

Green Tech: Rise of the [Hull Clening] Robots

LEO Satellite Networks: Supporting Maritime Safety, Efficiency and Innovation

LEO Satellite Networks: Supporting Maritime Safety, Efficiency and Innovation

Tech Talk: Time to Rethink Watchkeeping

Tech Talk: Time to Rethink Watchkeeping

Insights: When the Climate Becomes a Cargo Risk

Insights: When the Climate Becomes a Cargo Risk

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IAG's Iberia has resumed Venezuela service with four flights per week
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