Finance News

 

U.S. Transport Growth Modest; More Ahead

Oct 09, 2014

Modest traffic growth trends continued during the first six months of 2014 across U.S. transportation sectors, with generally improving second quarter growth seen at airports, ports and toll roads, according to a new Fitch Ratings report. 'While…

3sun Group Appoints Commercial Director

Oct 09, 2014

3sun Group, a specialist provider of products and services to the global energy industry, has appointed Dene Heywood as commercial director.Operating in the oil and gas and wind sectors both onshore and offshore, 3sun Group is an established…

OMV Could End CEO Contract

Oct 09, 2014

Austrian newspaper Die Presse said on Thursday the contracts of OMV Chief Executive Gerhard Roiss and the head of OMV's gas division Hans-Peter Floren may be cut short before they run out in 2017, citing a recommendation from a board subcommittee…

Dry Bulk Drought: Asia Rates Fall

Oct 09, 2014

Rates for capesize bulk carriers on key Asian routes could continue to fall next week in the absence of major charterers although lower freight rates could tempt top iron ore miners back into the market and potentially buoy rates, brokers said…

U.S. Navy Spotlights Targets Media Risks

Oct 09, 2014

As the U.S. Navy remains ever vigilant, taking the fight to the enemy, recent media reports have highlighted potential risk from information carelessly or inadvertently shared on social media.There has also been a steady stream of reporting…

Caterpillar Maintains Dividend Rate

Oct 09, 2014

The Board of Directors of Caterpillar Inc. voted today to maintain the quarterly cash dividend of seventy cents ($0.70) per share of common stock, payable November 20, 2014, to stockholders of record at the close of business on October 20…

Doyle Discusses Easing Port Congestion

Oct 08, 2014

William P. Doyle, CommissionerUnited States Federal Maritime CommissionKeynote Address:  Easing Port Congestion14th Annual Port New York/New Jersey Port Industry DayWorld Trade Center, New York, NYOctober 7, 2014My name is William Doyle…

$310 Billion 'Energy Efficiency' Market Grows Rapidly

Oct 08, 2014

IEA report sees energy efficiency finance becoming established market segment in its own right ... $310B & Growing Rapidly The global energy efficiency market is worth at least $310 billion a year and growing, according to a new report from…

ISS Launches Online Relocations Service

Oct 08, 2014

Inchcape Shipping Services has launched a free online relocations quotations service. Accessible through www.iss-worldwidemovers.com and via a new mobile application available to download free from both IOS and Android app stores, this new…

BV to Operate Single Window in Congo

Oct 08, 2014

The Democratic Republic of the Congo has awarded the consortium Bureau Veritas BIVAC B.V. / Soget, the concession to set up and operate the Single Window for facilitating trade.“This Single Window for international trade facilitation…

Star Bulk Collects $8.016m From Sale of Its Claim Against Pan Ocean

Oct 07, 2014

Star Bulk Carriers Corp. (NASDAQ: SBLK) announced that following the settlement and adjudication of the company's subsidiary Star Borealis LLC claim for damages and due hire related to the repudiation of the long-term time charter of the M/V Star Borealis by charterer Pan Ocean  Co Ltd…

Nordic American Tankers Declares Dividend

Oct 07, 2014

The Board of Nordic American Tankers Limited has declared a cash dividend of $0.14 per share. The record date is October 22, 2014 and the payment date is on or about November 5, 2014. The tanker market for the third quarter 2014 was stronger than for the second quarter.

Polarcus Insiders Scoop up Shares

Oct 07, 2014

Polarcus announced that the following Primary Insiders of Polarcus have acquired shares in the Company:-    Peter Rigg, Chairman of the Board, has on 07 October 2014 acquired 150,000 shares at a price of NOK 1.40 per share. Following the transaction he owns 434…

Look Inside Hydroid's New Manufacturing/Research Facility

Oct 06, 2014

Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of autonomous underwater vehicles (AUVs), announced today that it has officially opened a new, state-of-the-art manufacturing and applied research facility in Pocasset…

Neves Contends Drives Bullish Bets on Brazil Companies

Oct 06, 2014

U.S. options market bulls rushed to some of the biggest Brazilian companies on Monday, a day after pro-business Brazilian presidential candidate Aecio Neves' surprisingly strong showing in the first-round election vote.Brazilian financial…

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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