Excel Upgraded

Tuesday, March 20, 2001
Dresdner Kleinwort Wasserstein said on Tuesday it had upgraded its recommendation for British distribution and logistics firm Exel Plc to "buy" from "add", noting a global economic slowdown would accelerate outsourcing. A Dresdner note said despite the slowdown in the world economy its forecasts showed double digit earnings growth and rising cash generation over the next three years. - (Reuters)
Maritime Reporter February 2015 Digital Edition
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Navy

Sri Lanka Says No to Docking of Chinese Submarines

Sri Lanka declared that it will not allow Chinese submarines to dock in its waters as part of a new policy barring hosting of foreign submarines.   Sri Lanka's

China's Maritime Advances Worry US

The Director of U.S. National Intelligence, James Clapper, has expressed his concern at the progress of China in maritime zones it shares with its neighbors, accused

Somali Pirates Release Long-held Hostages

Somali pirates have freed four Thai nationals seized from a fishing vessel at sea in 2010, ending the longest-running hostage drama in the Horn of Africa state, the United Nations said on Friday.

Finance

Indian Ports to Set Sail on Corporatization

Indian Finance Minister Arun Jaitley said in Union Budget 2015 that government-run ports in India will be encouraged to corporatize and become companies under the Companies Act.

Zvezda Shipyard Comes Up Despite Western Sanctions

German and Finnish partners continue to build Russia’s Far Eastern “Zvezda” shipyard for Arctic oil exploration ships, in spite of Western sanctions, reports Sputnik.

ADB Okays $30mln for Pak LNG Terminal

The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan’s

 
 
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