Finance News

 

Good Performance by Dun & Bradstreet in 3Q 2014

Oct 29, 2014

Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014.'We continue to make good progress against our strategy and we are beginning to build momentum on our top line…

EnQuest Selects Technip for Mega Subsea Contract

Oct 28, 2014

Technip was awarded by EnQuest earlier this year a large(1) engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea,  400 kilometers North-East of Aberdeen and 130 kilometers East of Shetland…

Tarabochia Joins EBDG as CFO

Oct 27, 2014

Elliott Bay Design Group hired Peter Tarabochia as its new Vice President, Chief Financial Officer.Tarabochia, formerly of Vigor Industrial, brings more than a decade of experience to his new role as Vice President, Chief Financial Officer…

SC Ports Awards $30,000 to Nonprofit Organizations

Oct 27, 2014

The SC Ports Authority today announced $30,000 in grants to nonprofit organizations through its annual Community Giving Program, which provides grant funding to programs across South Carolina that positively impact education, maritime commerce…

Marine Contracting Goes ‘Down Under'

Oct 27, 2014

Marine Contracting has announced that it has opened its Australian office in Perth as it seeks to bring its industry leading engineering and offshore marine solutions to the Australian offshore market. Key services that Marine Contracting…

Port Industry Held Back by Unscheduled Downtime

Oct 27, 2014

The latest Barometer Report from Trelleborg, which discusses the issues impacting ports and terminals around the globe, has revealed that 74% of port owners and operators are still suffering unscheduled downtime. Fender damage was the most frequently cited cause…

FONASBA Endorses ITIC' s Post-Fixture Clause

Oct 27, 2014

ITIC has recommended that brokers place a post-fixture clause at the end of recap messages to reduce the chances of exposure to severe financial loss as a result of important messages being overlooked. The following wording was endorsed…

Leighton Reports Q3 UNPAT up 21%

Oct 27, 2014

Leighton Holdings Limited today announced its unaudited results for the nine months to 30 September 2014.Executive Chairman and Chief Executive Officer, Mr Marcelino Fernández Verdes, said: “The Leighton Group produced a strong result in the third quarter…

BHP Billiton Commits $20 mi to Telethon Kids Institute

Oct 26, 2014

In the largest donation in Telethon history, BHP Billiton has committed $20 million over the next five years to the Telethon Kids Institute to improve the health and wellbeing of children in Western Australia.The first annual instalment…

Areva-Siemens Raises Claim Over Finnish Reactor Delays

Oct 25, 2014

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday.TVO and Areva have traded…

Ezra Bags $70m in Offshore Contracts

Oct 25, 2014

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division, EMAS AMC, has won multiple new awards from various energy companies valued at over US$70 million…

WFW Advises ING Bank on $340m Loan Facility for Euronav

Oct 24, 2014

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.The facility is comprised of a $192m term loan facility and a revolving credit facility of up to $148m…

Newport Shipping Debuts New Revenue Sharing Concept

Oct 24, 2014

London-based ship manager Newport Shipping has introduced a new revenue sharing agreement (RSA) concept to the Handysize bulk carrier sector and will now market the scheme under Newport Handy Bulkcarriers.The RSA concept, proven in the larger Supramax…

Matson Announces Quarterly Dividend

Oct 24, 2014

The Board of Directors of Matson, Inc. ('Matson' or the 'Company') (NYSE: MATX), a U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.17 per common share.  The dividend will be paid on December 4, 2014 to all shareholders of record as of the close of business on November 6…

Moore Stephens Expects Vessel Operating Cost to Rise

Oct 24, 2014

Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.                                                   The…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

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

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German industry leaders to meet with EU sector chiefs on sector challenges
Asian spot LNG prices drop as the supply disruption risk fades
Data shows that the Arctic LNG 2 facility in Russia is home to a sanctioned LNG vessel.