Category Archives: Finance

China: Rongsheng Heavy Bags Order for 10 Suezmax Tankers

Posted on December 10, 2011 by Editor

  China Rongsheng Heavy Industries Group Holdings Limited has announced that it has received a 10+10 157,000 DWT Suezmax tankers shipbuilding order from Global Union Shipping Limited. The order further consolidates the position of the Group as the largest Suezmax … Continue reading →

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Software glitch inflated India’s exports by $9bn, admits govt

Posted on December 10, 2011 by Editor

The govt on Friday said it had overestimated exports by over $9 billion due to software upgrade and punching errors, which prompted data revision for eight months. TNN | Dec 10, 2011, 12.50AM IST NEW DELHI: The government on Friday … Continue reading →

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ExxonMobil’s 2012 Outlook for Energy Sees Efficiency, Developing World Economic Growth and Natural Gas Reshaping Global

Posted on December 9, 2011 by Editor

Demand for energy will rise through 2040 as global economic output doubles and prosperity expands across a world where population will grow to nearly 9 billion people, Exxon Mobil Corporation states in its The Outlook for Energy: A View to … Continue reading →

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ICAP Shipping and Saxo Bank involved in world’s first electronic container freight swap settled in USD

Posted on December 9, 2011 by Editor

ICAP Shipping, the shipping arm of ICAP plc, the world’s leading interdealer broker, and Saxo Bank, the trading and investment specialist, announced on Thursday that they were involved in the execution of the world’s first electronic, voice-assisted trade of a … Continue reading →

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Russia to Build Four Diesel Icebreakers

Posted on December 9, 2011 by Editor

United Shipbuilding Corporation, Federal Agency for Maritime and River Transport (Rosmorrechflot) and the Rosmorport federal unitary enterprise signed a contract to build four diesel icebreakers worth $640 million, RIA Novosti reports. The United Shipbuilding Corporation, Federal Agency for Maritime and … Continue reading →

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DNV: Fuel efficiency guides for ship types

Posted on December 9, 2011 by Editor

The combination of low charter rates and high fuel prices is creating a strong interest in fuel saving measures. DNV has now updated the Fuel Saving Guideline for Bulk Carriers, which was released in April this year, and has issued … Continue reading →

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An income gusher in the energy patch

Posted on November 27, 2011 by Editor

MoneyShow.com Seadrill (SDRL-N31.14-0.17-0.54%) is the second-largest offshore driller, with the second-largest ultra-deep-water fleet. It operates the world over with 46 rigs, and its clients include most of the oil and gas exploration heavyweights, like Exxon Mobil (XOM-N73.90-0.68-0.91%), ConocoPhillips (COP-N66.14-0.79-1.18%), the … Continue reading →

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Newcastle coal prices ease on extended Chinese buying drought

Posted on November 27, 2011 by Editor

Prices for low and higher calorific value thermal coal traded at Australia’s Newcastle trading hub fell further Friday, as buyers in China refused to be drawn into the spot market by the promise of discounted-price cargoes, said market sources. Sellers … Continue reading →

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Kindle Fire Review: 5 Things Amazon’s New Tablet Is Missing

Posted on November 26, 2011 by matson

By Rick Aristotle Munarriz, The Motley Fool As early adopters crack open their Kindle Fires this month, the rest of the country is watching. Is Amazon.com’s (AMZN) new $199 gadget as good as the $499 iPad 2 or the $249 … Continue reading →

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Economy to deteriorate, say 1,119 economists surveyed in 119 countries

Posted on November 25, 2011 by Editor

WORLD economic trends, particularly in the Europe, point to a recessionary slide in coming months, according a survey of 1,119 economic specialists from business and academic institutions in 119 countries conducted by the International Chamber of Commerce and Munich’s Institute … Continue reading →

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