Shipping industry market trends for 2014 - John Nikolaou
Greek shipowners have returned to the top of the global shipping economy by controlling a gross tonnage of 164 million tons, overtaking the Japanese on 159.4 million tons. According to Clarksons, this global lead illustrates that Greeks operate much bigger ships because they own 4,984 vessels against 8,537 managed by the Japanese and 6,427 by the Chinese. Japanese have invested huge funds during the past decade which resulted in significant losses during the crisis…
RIL, BP and NIKO issue Notice of Arbitration to Indian Government
Guideline 2014” notified on January 10, 2014. The continuing delay on part of the Government of India in notifying the price in accordance with the approved formula for the Gas to be sold has left the Parties with no other option but to pursue this course of action. Without this clarity, the Parties are unable to sanction planned investments of close to $4 billion this year. In addition, this will…
Merkel Says Siemens-Alstom Is Above All Corporate Decision
Chancellor Angela Merkel said on Saturday that the German government would positively accompany a tie-up between Siemens and Alstom but said that any link would be first and foremost a corporate decision. Speaking at a news conference with French President Francois Hollande in the Baltic town of Stralsund, Merkel said the German government, at least, does not want to intervene in the corporate decision-making. She said Siemens first has to come forth with an offer.
Merkel, Hollande Say Further Sanctions Against Russia Loom
Germany and France will draw the "appropriate consequences" if the May 25 election in Ukraine does not go ahead as planned, Chancellor Angela Merkel and French President Francois Hollande said in a joint statement issued on Saturday. In their statement, the two leaders said: "If there is not an internationally recognised presidential election, that would lead unavoidably to a further destabilisation of the country.