Category Archives: Finance

Maersk Group quarterly profits drop 79pc even as revenues rise 9pc

Posted on November 13, 2011 by Editor

DENMARK’s increasingly diversified Moller-Maersk Group, which owns the world’s largest container shipping company, has posted a 78 per cent drop in third quarter in profit year on year to US$371 million while enjoying a nine per cent increase in revenue … Continue reading →

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Ship Value: New Container Ships Fall 31% in Value as Rents, Economies Cool

Posted on November 6, 2011 by Editor

New container ships’ value dropped as much as 31 percent since April because of falling hire costs and cooling economies, according to Seasure Shipping Ltd.Post-panamax vessels that are too large to navigate the Panama Canal are worth $73.2 million, below … Continue reading →

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Top 10 Countries in the Red

Posted on November 2, 2011 by Editor

What’s black and white, but mostly red all over? The current global economy. As the European Banking Authority struggles to support its indebted member nations and Wall Street searches for its fiscal sea legs in the wake of the global … Continue reading →

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India GDP growth to beat China by 2013: Ernst&Young

Posted on November 2, 2011 by Editor

With the Indian GDP slowing down and inflation rising, some may not believe the India Story, but by 2013, India could actually overtake China in terms of GDP growth. A report by Ernst& Young forecasts Indian GDP to be at … Continue reading →

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Ship finance in China: key developments and challenges

Posted on November 1, 2011 by Editor

China’s shipbuilding industry has developed rapidly over the past few years partly due to strong demand for newbuilding vessels from Chinese shipowners. China had set its sights on becoming the world’s biggest shipbuilder by 2009, and by 2010/2011 China will … Continue reading →

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