International Archives — Page 44 of 44

October 17, 2019 No Responses

Daewoo Secures $762m Contract For Five Containerships

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received a contract for the construction of five large containerships.Signed on October 14, the contract is worth KRW 903.9 billion (about USD 762 million), DSME said in a stock exchange...

October 16, 2019 No Responses

Global Borrowing Now At Highest Level Since 1950s

By Patricia Scotland, Commonwealth Secretary-General Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the high...

October 12, 2019 No Responses

Michelin To Close Tyre Factory

Foremost Tyre manufacturer, Michelin has concluded plans to close a French-based factory with 619 employees next year as competition from cheaper Asian manufacturers knocks its profit margin. Two weeks ago, the French company announced the closure of a factory...

October 11, 2019 No Responses

Commonwealth Trade Ministers Seek Reform Of WTO

Trade ministers from across the Commonwealth on Thursday made a commitment to resist all forms of protectionism, and to work urgently together towards reforming the World Trade Organisation, which sets the global rules for international trade.Following a meeti...

October 10, 2019 No Responses

Large LNG Sector To Sustain Growth Into 2020

Positive developments in the large LNG sector are expected to continue throughout the rest of 2019 and into 2020, according to a report from VesselsValue.The sector is being driven by increasing demand as more countries prioritize LNG as an energy...

October 10, 2019 No Responses

World Federation Of Exchanges Elects Four Board Directors

At the 59th General Assembly in Singapore on Wednesday , the World Federation of Exchanges (WFE) elected four Directors of the Board. The four elected Directors of the Board are: Mr Greg Wojciechowski, President & CEO, Bermuda Stock Excha...

October 9, 2019 No Responses

Nigeria, Luxembourg Stock Exchange Sign Green Bond Markets MoU

The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) on Wednesday announced the signing of a Memorandum of Understanding (MoU) to cooperate in promoting cross listing and trading of green bonds in Nigeria and Luxembourg.The announcement ...

October 9, 2019 No Responses

Automotive Expert Seek Review Of Renault-Nissan Alliance

Automotive Editor at GlobalData, David Leggett, on Wednesday called for a review of the Nissan-Renault alliance.Reacting to the appointment of new CEO for the group, Legget said: “Rumours are swirling in France that Renault is to consider the question of...

October 9, 2019 No Responses

Report: Shipping Confidence Drops As Trade Wars Intensify

Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to shipping adviser and accountant BDO.Yet owners, charterers and managers were more confident than they were at the time...

October 8, 2019 No Responses

Azerbaijan Tourism Board, Wego Seal Partnership

The largest online travel marketplace in the Middle East and North Africa (MENA), Wego has collaborated with Azerbaijan Tourism Board (ATB) to invite travellers from the GCC to take another look at Azerbaijan and experience its wide array of sights...

October 7, 2019 No Responses

Commonwealth Model Offers Hope For Easing Multilateral Trade Tension

By Patricia Scotland, Commonwealth Secretary-General Global uncertainties and tensions are escalating and affecting trade in every region. We see rising protectionism, while multilateral cooperation – including through the World Trade Organisation &#8211...

October 6, 2019 No Responses

OPEC, GECF Seal Research, Cooperation MoU

The Secretaries General of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) have signed an Memorandum of Understanding (MoU) to strengthen cooperation in research and the sharing of best practices. &nbsp...

October 4, 2019 No Responses

Nigeria, Qatar, Russia Fault Unilateral Economic Sanctions

The 21st Ministerial Meeting of Gas Exporting Countries commenced on Thursday in Moscow, Russia under the Chairmanship of Manuel Salvador Quevedo Fernandez, Power Minister of Petroleum of the Bolivarian Republic of Venezuela. The Meeting was attended by ...