France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company…
China wants to invest in Greek airports and railways as well as the busiest port, officials said on Friday, as the country where the euro debt crisis began seeks a role as China's gateway into Europe.Chinese Premier Li Keqiang is on a three…
The latest in a string of militant attacks on Kenya's coast has dealt a fresh blow to the economy, but the threat this time goes beyond the tourist trade to an ambitious $25.5 billion port and transport scheme next to the historic town of Lamu…
The American Club reported progress during 2013 at the annual meeting of its members held in New York today. Despite difficult business conditions, including those intrinsic to an anemic maritime sector hampered by faltering growth in global trade…
February 20, 2014 not only marked the end of The Standard Club’s financial year, but also revealed evident improvement. The club’s combined ratio strengthened to 101%, from 113% in 2013. Gross premium income net of reinsurance increased by $22m to $253m…
New York’s Governor Cuomo announces retrofitted electric canal boat to demonstrate benefits of no-emission engine; NYSERDA, NYSDOT partnership with Canal Corp. replaces diesel engine with electric motorGovernor Andrew M. Cuomo today announced…
A.P. Moller-Maersk said on Tuesday it had abandoned a planned ship pooling network after China's Ministry of Commerce surprisingly announced it had not approved it. Maersk shares were down 6.2 percent at 1100 GMT compared with a 0.7 percent fall in the Danish benchmark index…
In fiscal 2013, economic growth in Asia was stilted by China’s worsening financial problems and political turmoil in Thailand. On the other hand, the United States’ recovery continued, and Europe’s economy experienced an upward swing, suggesting that developed nations are on the path to recovery…
DP World took advantage of strong market conditions and scarcity value to raise a $1 billion convertible bond with a ten year lifespan on Thursday, in order to fund growth opportunities and diversify its funding sources.The issue is a rare…
NewLead Holdings Ltd. (NASDAQ: NEWL) said that on June 3, 2014, NewLead received a Temporary Restraining Order against Ironridge Global IV, Ltd enjoining the issuance of further common shares of NewLead pursuant to its Series A Preference Shares…
Brent at 3-mo high, U.S. crude hits highest since September Kiwi jumps the most in four months after rate hike U.S. shares dip after data, but energy stocks up Crude oil prices spiked on Thursday on worries over supply as violence escalated in Iraq…
Cheap Russian gas undermines alternative supply projects Azeri plan to bring gas to Italy may collapse-analyst Plans to expand pipeline links with Algeria, East Med stalled U.S. LNG imports unprofitable at current low prices As…
The Milan stock exchange has given the green light to the listing of shares in Italian state-owned ship maker Fincantieri, it said in a statement on Thursday.The initial public offering of a minority stake in the company is part of a privatisation…
A strike by port workers at Rosario, Argentina's biggest agricultural export hub, has been suspended, thanks to a government attempt to resolve a disagreement over wage hikes, a local business group said.The protest, which was holding up…
After a 7-year hiatus in reauthorizing new U.S. water resources legislation, the American Association of Port Authorities (AAPA) says it commends President Obama for officially signing the 2014 Water Resources Reform and Development Act into law…
