Finance News

 

ARENA Funding Produces Record Solar Efficiency

Dec 08, 2014

ARENA today congratulated researchers at the University of New South Wales (UNSW) for being the first in the world to convert more than 40% of the sunlight hitting a solar system into electricity.The record efficiency was first achieved in outdoor tests in Sydney…

ASL Marine Announces Shipbuilding Contracts Cancellation

Dec 08, 2014

The Board of Directors of ASL Marine Holdings Ltd informed that its wholly-owned subsidiaries have reached a mutual agreement with customer on the rescission of shipbuilding contracts for two offshore support vessels.One of the vessels will…

Demobilization of ‘MTR‐2’ Tender Rig in Indonesia

Dec 08, 2014

Mainboard‐listed Mermaid Maritime Public Company Limited a leading provider of subsea and drilling services for the offshore oil and gas industry, would like to announce that it has received early termination of contract from its international…

Sovcomflot Concludes $319 mi 10-year Loan

Dec 08, 2014

OAO Sovcomflot (SCF Group) signed a new USD 319 million 10 year credit facility with a consortium of leading European banks with ING acting as Agent.  The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre…

U.S. Ready to Help Hungary Build Energy Independence

Dec 07, 2014

The United States is willing to help Hungary and other European countries build energy infrastructure to reduce its dependence on Russian oil and gas, U.S. Chargé d'Affaires in Budapest André Goodfriend has told Nepszava newspaper.'Relying on Russian sources threatens energy independence…

Sri Lanka Cuts Fuel Price Ahead of Elections

Dec 07, 2014

Sri Lanka slashed fuel prices by up to nearly 6 percent on Saturday to reflect falling global oil prices and said it would forgo subsidies and allow market forces to determine prices at the pumps from now on.The fuel price reduction comes…

West Coast Port Slowdown Won't halt Holiday Goods

Dec 07, 2014

With most holiday merchandise safely in the country despite significant congestion impacting West Coast ports, import cargo volume at the nation’s major retail container ports is expected to continue to slow down this month, according to…

Lower Oil Prices Start to Pinch Oklahoma State Revenues

Dec 06, 2014

The plunge in oil prices is starting to hurt Oklahoma's energy-related revenues and if the price remains low, could hit income and sales tax revenues if energy workers have less money to spend, the state's treasurer said on Friday.The…

Turkish PM Calls for Deal with Greek Cypriots Over Energy Deposits

Dec 06, 2014

Turkish Prime Minister Ahmet Davutoglu called on Friday for an agreement over exploiting hydrocarbon deposits in the eastern Mediterranean, an issue that caused the breakdown of peace talks between Greek and Turkish Cypriots in October.Greek…

Ukraine Sends $378 mln Prepayment for Russian Gas

Dec 06, 2014

Ukraine's state energy firm Naftogaz said on Friday it had transferred a prepayment of $378 million to Russia's Gazprom to buy Russian gas for December, paving the way for the first shipments since Moscow cut supplies in June.In line with a deal signed by Naftogaz and Gazprom in October…

Oil Pushes Lower, Undeterred by Bullish Jobs Report

Dec 06, 2014

U.S. crude oil closed at its lowest since July 2009 on Friday as Brent averaged below $70 a barrel in the week for the first time since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood.Both contracts…

Norec Summons to bondholders' meetings

Dec 05, 2014

In the previous stock exchange notices where Norwegian Energy Company ASA has informed of expected impairments of Oselvar and Huntington and negative developments in production performance, including its announcement on 19 November 2014 where…

Powering Ahead with Wind Assist Technologies

Dec 04, 2014

No longer an abstract ‘pie-in-the-sky’ technology, wind assist propulsion could well be a game-changer in the ‘Carbon Wars.’ Wind assist technologies have come of age for shipping companies. A panel discussion entitled “Accelerating Adoption of Double Digit Fuel Saving Technologies…

Gazprom to Upgrade Gas Supplies to Kyrgyzstan

Dec 04, 2014

The development of gas transmission and distribution infrastructure of Kyrgyzstan was discussed during a meeting held at the Gazprom headquarters hosted today between Alexey Miller, Chairman of the Company's Management Committee and Djoomart Otorbaev…

Hapag-Lloyd CEO Says IPO Not Top Priority Right Now

Dec 03, 2014

German container shipping group Hapag-Lloyd, which is merging with Chile's Compania SudAmericana de Vapores, is in no rush to list its share on the stock exchange, its chief executive said on Wednesday.'A stock market flotation is currently not top priority for us…

Logistics News

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

Maersk Reopens Cargo Acceptance to Port of Haifa

Maersk Reopens Cargo Acceptance to Port of Haifa

Subscribe for Maritime Logistics Professional E‑News

EU prosecutors uncover criminal conspiracy involving Chinese imports through Greece
Canada passes law to expedite resource projects but faces opposition from Indigenous peoples
Satellite Chemical and Vinmar receive letters from the US government preventing ethane loading in China