Finance News

 

Can the Green Approach to Shipping be Profitable?

Aug 29, 2014

In recent times, growing concern about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions. As such, the Institute of Marine Engineering, Science and Technology (IMarEST) and Colfax Fluid Handling…

Info-X Invests in $5m Headquarter Expansion

Aug 28, 2014

Transportation solutions provider capitalizes on outsourcing trendInfo-X Software Technology, provider of software solutions and back-office support to U.S.-based transportation companies, introduced its newly renovated and expanded $5 million headquarter facility situated in Gurgaon…

Jones Act is Critical to Conn. Economy

Aug 28, 2014

Study shows Connecticut shipbuilding industry worth $2.5 billion to state’s economy, supports nearly 23,000 jobsThe American Maritime Partnership (AMP) joined with the Shipbuilders Council of America (SCA) to highlight new data that shows…

Policy Uncertainty Threatens to Slow Renewable Energy Momentum

Aug 28, 2014

IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term.The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished…

Lamprell First Half Results Beat Expectations

Aug 28, 2014

Lamprell today announced its financial results for the first half of 2014, reporting results ahead of expectations due to strong operational performance and early results from savings initiatives, generating improved margins.Revenues rose by $125…

ARENA Supporting Bright Ideas in Solar R&D

Aug 28, 2014

The Australian Government today announced $21.5 million funding for 12 cutting edge R&D projects that will keep Australia at the forefront of solar research. Parliamentary Secretary for Industry Bob Baldwin made the announcement at an Australian…

Governors Write Obama for Mississippi River Funding

Aug 27, 2014

Governors seek President Obama’s support for upper Mississippi River commercial navigation locks and ecosystemThe Governors of the five Upper Mississippi River States of Illinois, Iowa, Minnesota, Missouri and Wisconsin are seeking President…

Port of Long Beach Raises Small Business Commitment

Aug 27, 2014

The Long Beach Board of Harbor Commissioners – seeking to expand opportunities for a wider range of vendors, contractors and consultants – has set a higher goal for the Port of Long Beach to buy goods and services from small and very small businesses…

INMEX and SMM India on the Crest of a Wave

Aug 27, 2014

Global exhibition organizers join forces to launch Indian subcontinent’s largest maritime event – INMEX SMM IndiaTaking advantage of the expected growth the Indian maritime industry is set to witness over the next six years, Informa Exhibitions…

Scottish Independence Would Hurt Maritime Sector

Aug 27, 2014

A vote for independence from the U.K. would have a negative effect on the Scottish shipping and offshore maritime sector, according to a survey by leading international accountant and shipping adviser Moore Stephens.The survey elicited the…

Report: Ports Lack Maintenance Support

Aug 27, 2014

The latest Barometer Report from Trelleborg has revealed a huge gap in the maintenance requirements of port owners and operators, and the support that suppliers are able to provide. While 75% of those surveyed think that it’s essential or important…

Next Generation Compressors to the Norwegian Market

Aug 26, 2014

ATR Group is set to introduce new compressor technology to the Norwegian market following a £7 million investment in its rental fleet.  The company’s Power Solutions division is one of the only organizations supplying the DNV 2.7-2 NORSOK…

As Exports Rise, Maritime Moves America

Aug 25, 2014

Today, I had the opportunity to speak to a group of industry professionals at the Finished Vehicle Logistics Conference, where the theme of the discussion was the import and export of new cars.I’m sure you’re wondering what vehicle logistics has to do with the Maritime Administration…

SMM Finance Forum: ‘Banks are Lending Again’

Aug 25, 2014

For Dr. Carsten Wiebers, Global Head of Maritime Industries at KfW IPEX-Bank, and member of the SMM Advisory Board, innovative financing solutions are key to Europe's continued international competitiveness in maritime high technology.On September 8…

Hamburg, St. Petersburg Port Businesses Go for Dialogue

Aug 25, 2014

Hamburg and St. Petersburg have been partner cities since 1957, cultivating close economic, cultural, social and scientific contacts. Similarly, the ports of the two cities have maintained excellent economic links for decades. So even in a politically tense situation…

Logistics News

Operations Begin at Jubail Container Terminal in Saudi Arabia

Operations Begin at Jubail Container Terminal in Saudi Arabia

Concerns Raised by Repeated Chinese Detentions of Panama-Flagged Vessels

Concerns Raised by Repeated Chinese Detentions of Panama-Flagged Vessels

CMA CGM Celebrates Maiden Call of New Port Kobe Service

CMA CGM Celebrates Maiden Call of New Port Kobe Service

New Wildlife Trafficking Compendium Released for Singapore

New Wildlife Trafficking Compendium Released for Singapore

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