Roxtec UK Appoints Whelan
Roxtec UK has moved to increase its presence in Britain’s maritime sector with the appointment of a new marine and offshore manager.Mark Whelan has joined the Swedish-owned company having spent 10 years at another international manufacturer, most recently as a project manager for naval and commercial shipbuilding sector contracts. At Roxtec, Whelan will have responsibility for business development in the south of England.Roxtec’s transits are used to seal cables and pipes aboard a wide variety of ships including naval vessels…
Moody's Downgrades MOL
The rating company Moody's Japan K.K. has downgraded Japanese shipping company Mitsui O.S.K. Lines, Ltd.'s (MOL) corporate family rating to Ba2 from Ba1. The rating outlook is stable."We expect MOL's debt will not decline materially over the next few years and its leverage will likely remain above our downgrade guidance of 7.0x for a Ba1 rating," says Motoki Yanase, a Moody's Vice President and Senior Credit Officer.Moody's sees only a limited possibility for MOL to materially reduce its debt during the next several years…
Reducing the Costs of Port and Terminal Ops
The global economic outlook is uncertain; this uncertainty is leading to depressed investment worldwide, particularly in energy and mining activity. The international ports and terminals sector forms an important part of the infrastructure supporting these activities. As the sector is exposed to restraints on investment, the emphasis is on reducing in operating cost. HR Wallingford advises clients on how their activities interface with the water environment. So how are we playing our part in helping clients reduce the costs of their port and terminal operations?
SMM Finance Forum: ‘Banks are Lending Again’
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, 2014, or SMM Finance Day, the SMM Ship Finance Forum will be held for the second time in conjunction with international maritime trade fair SMM. The forum, which will answer questions revolving around financing solutions for global shipbuilding and shipping, will be subdivided into three overarching topics.
BRAZIL: U.S. Find New Opportunities
While the U.S. economy may be in the doldrums, smart U.S. companies are looking increasingly to exports to help their bottom lines. A major market for U.S. exports is Brazil. This article examines new market opportunities in the oil and gas, shipbuilding and port infrastructure in Brazil, and identifies certain financing sources available to U.S. companies seeking to participate in these markets. Brazil’s growth in recent years has been amazing. Over the past 5 years, real GDP growth in Brazil has averaged 4.3% annually (as compared to 1.3% annually in the U.S.), reaching 7.5% in 2010.
New Regional Sales Manager for BMT Group
In a bid to further strengthen its sales force BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, is pleased to announce the appointment of Louise Ledgard. Louise will take up the position of Regional Sales Manager (Europe) providing vital support for all of the subsidiaries that operate within the Energy and Environment sector. With a PhD in Materials Engineering and Design, a Bachelor’s Degree in Applied Physics and a Masters in Business Administration under her belt…