People & Company News

 

Liebherr Opens New Office in Peru

Dec 14, 2014

With more than 100 attendees Liebherr celebrated the inauguration of the new office in Lima City, Peru. The new office will play a significant role in the South American Market for mining and construction machinery. During the ceremony, guests…

Petrobras Delays Results as Corruption Scandal Grows

Dec 13, 2014

Brazil's state-run oil company Petroleo Brasileiro SA said it delayed the release of its third-quarter financial results for a second time on Friday as a result of new developments in a widening corruption probe.Prosecutors on Thursday…

Gazprom Boosting Gas Industry in Eastern Russia

Dec 13, 2014

The Gazprom Management Committee addressed the Company's large-scale efforts aimed at implementing the Eastern Gas Program.It was noted that the gas industry growth in Russia's East was strategically important for the socioeconomic development of eastern regions…

Petrobras' Condensed Report for 3Q, 2014

Dec 13, 2014

Petrobras clarifies that it has been decided not to publish the financial statements for the third quarter of 2014 not reviewed by the independent auditors in view of the new incidents, after the day November 13, 2014, relating, directly or indirectly…

ISS Appoints Schollaert

Dec 13, 2014

Inchcape Shipping Services (ISS), the world's leading maritime, cargo and supply chain solutions provider has announced a key hire to its senior management team with the appointment of Steve Schollaert as Executive Vice President for North America region…

Matson Senior VP Hoppes to Retire

Dec 12, 2014

Matson Announces Upcoming Retirement of Senior Vice President, Ocean Services, Dave Hoppes; John Lauer to Succeed Hoppes, Chris Scott to Succeed Lauer  Dave Hoppes, Matson’s senior vice president, ocean services, will retire March 31, 2015…

Damanaki to Lead Nature Conservancy's Global Oceans Program

Dec 12, 2014

Maria Damanaki, former European Union Commissioner for Maritime Affairs and Fisheries, will join the Nature Conservancy (TNC) as Global Managing Director for Oceans. With over 30 years of public service in Europe, Damanaki most recently…

GAC Celebrates 40 Years in Hong Kong

Dec 12, 2014

GAC Hong Kong, part of the global shipping, logistics and marine services provider GAC Group, has marked 40 years in operation with an event celebrating the company’s growth into one of the leading ship agents and logistics services providers in the territory…

Bibby Offshore Names Hughes Interim Managing Director

Dec 12, 2014

Pete Hughes has been appointed by Bibby Offshore as Interim Managing Director, Asia Pacific, effective immediately. Hughes currently serves as the company’s Strategic Delivery Director and takes over the role from Darren Morgan who has left to pursue opportunities outside the group…

Samref Wraps Yanbu Refinery Revamp

Dec 12, 2014

Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that dramatically cuts sulfur levels in gasoline and diesel…

UniSource Buys Gila River Power Station

Dec 12, 2014

UniSource Energy Services (UES), an indirect, wholly owned subsidiary of Fortis Inc., has strengthened its generating portfolio and reduced its reliance on the wholesale energy market through the purchase of a share of the efficient natural gas-fired Gila River Power Station in Gila Bend…

Caterpillar Rejigs Top Deck

Dec 12, 2014

Caterpillar Inc. today announced the following officer changes effective January 1, 2015: * Julie Lagacy will become the company’s Chief Information Officer and vice president with responsibility for the Global Information Services Division…

Strong Interest in Keppel DC REIT IPO

Dec 12, 2014

• Public Offer of 53,763,000 Units approximately 9.6 times subscribed, valid applications amount to approximately S$478.7 million• Largest REIT IPO in Singapore year-to-date with S$512.9 million raised• Commencement of trading of Keppel DC REIT on the Main Board of the SGX-ST at 2…

Amin Named VP, CIO at Newport News Shipbuilding

Dec 11, 2014

Newport News Shipbuilding appoints Bharat Amin to vice president and chief information officer Bharat Amin has been appointed vice president and chief information officer for the Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division…

NORDEN Takes $230m Provision

Dec 11, 2014

NORDEN has taken a $230 million provision with no cash flow effect for onerous time charter contracts in Dry Cargo and reduces full-year guidance – underlying operations unchanged. Following an updated market evaluation, NORDEN has concluded…

Logistics News

Algorithm Accountability

Algorithm Accountability

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Maersk Raises Full-Year Profit Forecast

Maersk Raises Full-Year Profit Forecast

World’s First Green Ammonia Bunkering Operation Completed in Dalian

World’s First Green Ammonia Bunkering Operation Completed in Dalian

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Investors muted by Fed leadership change and mixed earnings
Airbnb drops as fears about a slowdown in travel demand are renewed by a slower growth outlook
Airbnb drops as fears about a slowdown in travel demand are renewed by a slower growth outlook