Finance

"K" Line Review of Medium-Term Management Plan

 Kawasaki Kisen Kaisha, Ltd. (“K” Line) reviewed “K” Line Group’s medium-term management Plan, which was formulated in March 2015 as the business strategy toward our 100th anniversary in 2019,

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

National Oilwell Varco Says Cut 6,000 Jobs in Q1

National Oilwell Varco Inc, the largest U.S. provider of oil drilling equipment, said on Thursday it slashed 6,000 jobs in the first quarter as weak oil prices

Pemex Posts Narrower First Quarter Loss

Mexican national oil company Pemex on Thursday reported a 62 billion peso ($3.6 billion) loss in the first quarter, less than last year as a lower tax burden helped offset a slump in crude prices.

Baltic Index Dips on Weaker Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, hurt by lower rates for capesize and panamax vessels.

Vattenfall Puts Pressure on Swedish Government to Cut Nuclear Tax

State-owned Swedish utility Vattenfall will struggle to invest in required safety upgrades of its nuclear reactors in Sweden if the government doesn't abolish its tax on nuclear power,

Russia's Gazprom 2015 Net Income Jumps

Last-year net income of Russia's gas giant Gazprom jumped fivefold to 787 billion roubles ($12.2 billion), the company said on Thursday.   The company also said 2015 sales increased to 6.

Norway: Oil Industry Safety Deteriorated in 2015

The risk of accidents in Norway's oil industry rose last year after reaching record lows in 2014, a survey by the Nordic country's safety watchdog showed on Thursday.

Angola to Restructure State oil firm Sonangol

Angola, Africa's second largest oil exporter, will restructure state firm Sonangol, the oil ministry announced on Wednesday, aiming to "increase efficiency and profitability".

Tullow Oil Trims CapEx, Gains Bank Extension

Banks agree to loan facility extension; Q1 West Africa output below expectations. Oil and gas producer Tullow Oil has cut its annual capital expenditure plans

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

Oil Loses Commodity Trade Crown to Unlikely Challenger

China Apr rebar turnover overtakes crude, but many wary China's soaring rebar trading will collapse. Crude oil futures, long the king of commodity trading, have

Marathon Ekes out Profit Despite Weak Crack Spread

Refiner Marathon Petroleum Corp barely eked out a profit in the first quarter, hurt by weak crack spreads - the difference between the prices of crude oil and refined products.

Crude Prices Ease after Hitting 2016 Highs

Traders take profits after steep April Brent, WTI rallies; falling U.S. production, weak dollar seen as supports. Oil futures slid after setting a 2016 high

Strong Surf Blocks Entry for Brazil's Largest Port

An agitated sea has blocked the entrance to Brazil's largest port of Santos, preventing ships from entering or leaving for more than 12 hours during peak soy export season.

ConocoPhillips Posts Q1 Loss, Cuts 2016 CapEx

ConocoPhillips, the largest U.S. independent oil company, posted a first-quarter loss, compared with a year-earlier profit, and cut its spending budget for the

ST Engineering Injects $66m into VT Systems

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc.

POSCO Production at Indiana Ports to start in 2017

Officials from POSCO, the Ports of Indiana and community leaders gathered to break ground today on POSCO's new wire rod processing center at the Port of Indiana-Jeffersonville.

Dassault Systèmes Congratulates Oz Naval Deal

Dassault Systèmes Congratulated DCNS and Australian Government on the historic naval Defense Collaboration                      France-based DCNS has been selected

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