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finance-and-politics

shipping

Thomas Miller purchases Loadstar Marine

London - Thomas Miller, the international provider of insurance services, has concluded the purchase of Lodestar Marine Insurance’s book of business

shipping

Unifeeder acquires the Feedertech Group

Aarhus (Denmark) - Denmark’s Unifeeder, part of the United Arab Emirates’s global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator

shipping

Maersk to lay off staff

Copenaghen - Danish shipping group Maersk MAERSKB.CO said on Thursday it would lay off staff at its main offices in Denmark and in other countries

markets

GE brings in shipper Maersk’s CFO as finance chief

Boston - General Electric on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate

shipping

Daewoo suffers 230 million euros net loss

Seoul - Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, reported a third-quarter net loss of 296.4 billion won (230 million euros)

shipping

Maersk sees pickup in container traffic

Copenaghen - Shipping group A.P. Moller-Maersk said on Friday it expected 2020 growth in global seaborne container traffic to be slightly higher than this year

shipping

COSCO pushes ahead with Piraeus

Athens - China and Greece agreed to push ahead with a 600 million euros investment by COSCO Shipping into Greece’s largest port, Piraeus

shipping

Maersk’s Soren Toft steps down

Copenaghen - Denmark’s Maersk said on Monday its Chief Operating Officer Soren Toft has decided to leave the company after two years at management level at the shipping group

shipping

Long Beach grows in spite of tariffs

Los Angeles - The U.S-China tariffs trade war continues to have its impact on cargo volumes, but the Port of Long Beach had last month the second-busiest October in its 108-year history

shipping

Samsung Heavy’s losses widen

Seoul - Samsung Heavy Industries Co., a major shipbuilder in South Korea, said its net losses widened significantly in the third quarter due to one-off costs