Seaspan Unveils Share Offering

Hong Kong-based containership owner Seaspan Corporation said it plans to offer shares of its Series I Preferred Shares in a registered public offering pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. Seaspan has also granted the underwriters a 30-day option to purchase additional Series I Preferred Shares. Seaspan
Complete Reading

NEW DELHI: India’s share in the GDP of Asia and Pacific region has increased to 17.3 per cent in 2017 from 14.6 per cent in 2000, a ADB report said recently. As per the ADB’s report on ‘Key Indicators for Asia and the Pacific 2018’, the Asia and Pacific region accounts for more than two-fifths
Complete Reading

Russia’s Gazprom Neft increased its second-quarter daily crude and condensate output by 2.4% on the quarter to 1.28 million b/d, due to rising production in Iraq and its increased share in Arcticgas, the company said Thursday. In absolute volumes, Gazprom Neft’s Q2 production rose by 3.4% on the quarter to 15.54 million mt, or 116.43
Complete Reading

Jawaharlal Nehru Port Trust (JNPT) registered substantial progress on two key productivity parameters in the month of June 2018. JNPT – which handles the majority of India’s container freight – in July for the first time achieved over 40 percent share of its volume via direct port delivery (DPD). JNPT in July also increased its
Complete Reading

The latest Niti Aayog data shows that the share of Gujarat in India’s total exports has increased in 2017-18 to 22 per cent from 19 per cent in the previous fiscal. According to the state government, during 2017-18 exports from Gujarat went up to $66 billion. In 2016-17 it was about $54 billion. Auto, pharmaceuticals
Complete Reading

GENEVA: MSC Mediterranean Shipping Company S.A., along with 2M alliance partner Maersk Line, has announced a new strategic cooperation with ZIM to improve services for shippers moving cargo between Asia and the U.S. East Coast (USEC). At present, MSC and Maersk Line operate five loops on the Asia-USEC trade, while ZIM operates two loops on
Complete Reading

Kenya will start the small scale export of crude oil from its fields in the far northern county of Turkana in June after an agreement on how to share the revenue, averting delays, the presidency said on Saturday. Tullow Oil and its partner Africa Oil discovered commercial reserves in the Lokichar basin in 2012. Total
Complete Reading

Create Account



Log In Your Account