Finance News

 

Biden: U.S. Harbors Must be Deepened

Sep 16, 2013

In Savannah visit, Georgia officials accompany Vice President.After touring the Port of Savannah Monday, Vice President Joe Biden called for expediting port improvement projects on the U.S. East Coast. U.S. Secretary of Transportation Anthony Fox…

Fuel for the Bunker Surcharge Fire

Sep 16, 2013

The way carriers calculate bunker surcharges is often disputed by shippers, and no more so than now. Drewry Maritime Research explains.Bunker surcharges should, proportionately, have been reducing faster than fuel prices because of the deployment of more efficient ships…

STX Finland to Close Rauma Shipyard

Sep 16, 2013

STX Finland, which has seen a deterioration of its shipbuilding base for many years, today announced its latest plan to stem the flow of red ink: a phase out of the Rauma shipyard. Senior management cited the continued bad global economy…

Six Innovative Practices for Implementing Finance Software

Sep 12, 2013

To help transportation and logistics companies navigate a competitive and continually changing business environment, UNIT4 Business Software, the North American subsidiary of UNIT4, today shared its UNIT4 checklist on innovative practices for…

Faststream Says Maritime London is Hiring Again

Sep 10, 2013

London maritime business are hiring again, according to global shipping industry recruiter Faststream. The Southampton headquartered company reports that it has seen a 20% rise since the start of the year in vacancies for commercial positions across a range of business types including shipowners…

TOP Ships to Sell Its Current Fleet to Acquire New Vessels

Sep 06, 2013

TOP Ships Inc. an international maritime shipping company that provides transportation services for petroleum products and dry bulk commodities, announced that it has entered into three stock purchase agreements with an affiliate of the AMCI…

Massport Names Hadden Port Director

Sep 06, 2013

Deborah Hadden has been appointed Port Director by Thomas P. Glynn, CEO of the Massachusetts Port Authority (Massport). In her new role, Hadden will be responsible for directing the planning, development, marketing, operation, security, financial management…

Iron Ore and Coal World Shipping Summit 2013

Sep 03, 2013

The fifth annual Iron Ore and Coal World Shipping Summit will take place on October 1 in Athens, Greece.The conference will focus on the maritime transportation of iron ore and coal, making an attempt to forecast the trends of global economy…

Why Size Matters: Container Ship Economies of Scale

Sep 03, 2013

Maersk Line’s first 18,000 teu vessel, the Maersk Mc-Kinney Moller, which was doing the rounds on her maiden voyage in Northern Europe last week, has prompted much speculation on her economies of scale, particularly as HHI has just confirmed…

New Dry Bulk Shipowning Firm Raises Funds

Aug 29, 2013

Nautical Bulk Holdings Limited, a newly formed Bermuda-based dry bulk shipping company, has raised in excess of $100 million of equity capital to fund the construction of eight ultramax, eco-friendly vessels under construction by Jiangsu Hantong Ship Heavy Industry…

Train More MN Ratings Urges UK Chamber of Shipping

Aug 28, 2013

President of the UK Chamber of Shipping, Kenneth MacLeod, has called for shipping companies in the UK’s Tonnage Tax system to be allowed to train Merchant Navy ratings, not only officers.Shipping companies can apply to be part of the Tonnage…

Study: Deeper Miss. River Would Add $11.5 Billion to U.S. Economy

Aug 23, 2013

U.S. Senator David Vitter, the ranking member of the U.S. Senate Committee on Environment and Public Works, joined industry and Louisiana transportation officials here today for the release of a new economic impact report detailing the benefits…

Dan-Bunkering Adds Staff in Dubai

Aug 23, 2013

The newly opened Dubai office of worldwide bunker trading company, A/S Dan-Bunkering Ltd., has been open for a few months, and according to the bunker trader has already been very well received in the market. The company reported it has recently hired two new employees…

Study Targets Economic Benefits of Ocean Observing

Aug 23, 2013

The U.S. Integrated Ocean Observing System (IOOS) has awarded ERISS Corporation the funds to work with The Maritime Alliance on a study that will articulate the impact of the ocean observation sector in the U.S.“IOOS data and information…

Attorneys Obtain Top Florida Compensation for Maersk Chief Mate

Aug 14, 2013

International maritime lawyers Jason R. Margulies and Michael A. Winkleman, of Lipcon, Margulies, Alsina & Winkleman, P.A. , have secured the top verdict in Florida for admiralty and maritime law in 2012 for the case: William C. Skye v. Maersk Line Limited Corporation…

Logistics News

Logistical Bottlenecks Threaten Competitiveness of Brazilian Agribusiness

Logistical Bottlenecks Threaten Competitiveness of Brazilian Agribusiness

Africa Global Logistics to Invest in Inland Logistics

Africa Global Logistics to Invest in Inland Logistics

Hapag-Lloyd Freight Demand Boosted by US-China Trade Truce

Hapag-Lloyd Freight Demand Boosted by US-China Trade Truce

Edison Receives First Delivery of US LNG From Venture Global

Edison Receives First Delivery of US LNG From Venture Global

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