Finance News

 

BIMCO Reflections 2014

Jan 08, 2014

BIMCO has published its Reflections 2014, a short and accessible analysis including its clear views on the critical issues faced by the shipping industry today and in the coming years. Not least, the steady improvement of the global economy is bettering the outlook for shipping…

Workshop to Cover Infrastructure Development Challenges

Jan 07, 2014

Sponsored by the American Association of Port Authorities and hosted by the Unified Port of San Diego, a workshop examining port-related economic development programs, analyzing solutions to development/funding challenges and quantifying results will be held Feb…

New York Shipping Conference Adds Speakers

Jan 07, 2014

Examining areas of change and growth in shipping is the focus of the 20th annual Hellenic-American and Norwegian-American Chambers of Commerce conference, often called the New York Shipping Conference.  Entitled “Today’s Vision- Tomorrow’s Reality”…

2013 DOT Year in Review: MARAD Sounds Off

Jan 06, 2014

The U.S. Maritime Administrator weighs in on 2013 and the road ahead ... Here at the Maritime Administration (MARAD), we continue working tirelessly to improve our marine transportation system with innovative projects across the country…

Douglas Westwood: Shale is no Threat to Deepwater

Jan 06, 2014

Prodigious US shale oil production is often treated as a threat to deepwater. Won’t all this oil swamp demand? Many investment banks and government agencies forecasting oil markets feel that it could. The evidence, however, suggests differently…

Improper Cargo Loading, Limitation of Liability Tutorial Podcast

Jan 03, 2014

Insurance services specialists A.M. Best Co. has released the latest installment of the Insurance Law Podcast, a series that examines timely insurance issues from an attorney’s point of view.This episode features attorney Daniel Raab from the law firm of Daniel W…

Kinder Morgan Acquires APT, SCT Tankers

Dec 23, 2013

Kinder Morgan Announces Acquisition of Jones Act Shipping Tankers in U.S. for Approximately $962 Million.Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has entered into a definitive agreement to acquire American Petroleum…

Teekay Offshore Issues $53.4 Million Equity Private Placement

Dec 20, 2013

Teekay Offshore GP LLC., the general partner of Teekay Offshore Partners L.P. announced  that it has agreed to issue 1.75 million common units in a private placement to an institutional investor for proceeds of approximately $53.4 million (excluding…

Cavotec Listing on NASDAQ OMX Upgrades to Mid Cap Segment

Dec 19, 2013

As announced by the Stockholm NASDAQ OMX, engineering group Cavotec SA (CCC: Stockholm) is to be included in the NASDAQ OMX Mid Cap segment, upgrading its current Small Cap listing, with effect from January 2, 2014. The move highlights the group’s…

Friday Afternoon Mixup Costs Shipbroker

Dec 18, 2013

Specialist shipping intermediaries insurer ITIC says that the failure of shipbrokers to follow up on time-sensitive messages can have serious financial consequences, particularly in fluctuating spot markets.In its latest Claims Review, ITIC…

Shipbuilders Grateful for Congress Budget Concensus

Dec 18, 2013

The Shipbuilders Council of America (SCA) called the bipartisan budget agreement now passed by both houses of Congress an important first step and thanks Members of Congress for providing the much needed resources for the U.S. shipbuilding and repair industry…

Survey: Shipping Confidence at Three-Year High

Dec 18, 2013

Overall confidence levels in the shipping industry rose to their highest level for more than three years over the three-month period to November 2013, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…

Nordic Maritime Exercises Option to Subscribe Further Shares

Dec 16, 2013

In light of the development of Nordic Shipholding A/S's cash position, as announced by the company in company announcement no. 11/13 published on December 13, 2013, Nordic Maritime has informed the company that it will exercise the option granted…

London's Baltic Exchange Redefines Capesize Terms

Dec 13, 2013

The Baltic Exchange inform it will be making significant amends to the Baltic Capesize Index including a change to its vessel description, amends to the route weightings and the addition of three new routes, as follows:  

The move follows…

Panama Canal Expansion Should Slice US Grain Freight Rate

Dec 11, 2013

Upon completion of the expansion of the Panama Canal, the cost to transport grain from the U.S. corn belt to Asia will drop by an estimated 12%, thus increasing the cost competitiveness of the U.S. as a grain exporter to Asia, Rabobank forecasts…

Logistics News

Georgia Ports, Konecranes Celebrate 30-Year Yard Crabe Partnership

Georgia Ports, Konecranes Celebrate 30-Year Yard Crabe Partnership

PPG Completes 100th Dry Docking Using Electrostatic Coating

PPG Completes 100th Dry Docking Using Electrostatic Coating

DP World, Asian Terminals Inc. Deploy First Fleet of Electric Internal Transfer Vehicles in the Philippines

DP World, Asian Terminals Inc. Deploy First Fleet of Electric Internal Transfer Vehicles in the Philippines

Alleged Breach of Supply Chain Protection for Sheep in Jordan

Alleged Breach of Supply Chain Protection for Sheep in Jordan

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