ECB urges Bremer Landesbank to boost capital amid shipping crisis
The European Central Bank has urged German state-owned lender Bremer Landesbank to shore up its capital resources against non-performing loans in shipping, three sources familiar with the matter said. Bremer (BLB) needs another 700 million euros ($800 million) in equity, weekly magazine Focus reported earlier on Saturday, citing talks between the city-state's finance chief and parliamentary leaders. "There are close discussions with the ECB," one of the sources told Reuters.
Roger Blough Safely Anchored in Waiska Bay
The U.S. Coast Guard continues to monitor and respond as the motor vessel Roger Blough is safely anchored in Waiska Bay, Saturday afternoon, after the vessel ran aground May 27 on Gros Cap Reef in Whitefish Bay in Lake Superior. The vessel made way under its own power to Waiska Bay where it will be further evaluated for repairs and it’s remaining cargo transferred to other vessels. Lightering operations ended early Saturday morning and the vessel was refloated at 10:45 a.m. The Philip R.
APM Terminals Graduates MAGNUM Class
APM Terminals has graduated another 19 competitively selected managers from across the APM Terminals Global Terminal Network from the MAGNUM accelerated leadership training program at a formal ceremony in The Hague. Members of this year’s class represented 16 countries in Europe, Latin America, Africa and Asia. Divided into four modules, specific training segments took place in Switzerland, The Netherlands, Brazil, and a combined session split between Ghana and India.