Fifty-two banks had an aggregate of $53.2bn in drawn or committed loans to Greek owners at end-2018, down 1.5% on…
Month: June 2019
Dollar Regains Ground as Trade Tensions Ease
The U.S. dollar moved higher against a currency basket on Monday amid indications that global trade tensions are easing but gains were held in check by expectations for lower U.S. interest rates. Against a basket of six peers, the U.S. dollar index rose 0.3% to 96.871 by 04:17 AM ET (08:17 GMT),...
https://www.hellenicshippingnews.com/dollar-regains-ground-as-trade-tensions-ease/
China, Hong Kong stocks climb as trade tensions ease
China and Hong Kong stocks climbed on Monday, tracking a global rally, as worries over trade tensions eased after an agreement between the United States and Mexico to avert a tariff war, and as weak U.S. jobs data raised hopes for U.S. interest rate cuts. ** The CSI300 index rose 1.4%, to 3,615.62...
https://www.hellenicshippingnews.com/china-hong-kong-stocks-climb-as-trade-tensions-ease/
Houston Port Commission appoints new member
Harris County Commissioners Court appointed Wendolynn “Wendy” Montoya Cloonan to serve as a member of the Port Commission of the Port of Houston Authority. The appointment occurred Tuesday, June 4, during the Commissioners Court weekly meeting.
“I am pleased to welcome Commissioner Cloonan to the Port Commission and look forward to her leadership,” Port Commission Chairman Ric Campo said. “Her professional expertise and commitment to the community will provide a great benefit as we work together...
https://container-news.com/houston-port-commission-appoints-new-member/
Historic German Schooner Sinks After Collision with Containership on Elbe River
Seven people were injured Saturday after a 19th-century wooden schooner collided with a containership on the Elbe River in Germany. German fire officials reported that there were 43 people aboard the historic 37-meter Elbe No. 5 when it collided with the 150-meter Cyprus-flagged containership...
Naval War College President Harley Reassigned Pending Investigation
Rear Adm. Jeffrey Harley, president, US Naval War College, speaks on Aug. 14, 2019. US Navy Photo
The president of the U.S. Naval War College has been reassigned while he is the subject of a Navy Inspector General investigation, the service announced on Monday.
Rear Adm. Jeffery Harley was reassigned from leading the Navy’s premier post-graduate institution following the revelation the IG was looking into allegations of financial mismanagement and unprofessional behavior based on an April 2018...
https://news.usni.org/2019/06/10/naval-war-college-president-harley-reassigned-pending-investigation
CP takes advantage of holdings to open Vancouver Automotive Compound
THE Canadian Pacific Railway (CP) is using its strategic land holdings to support sustainable, profitable growth and alleviate capacity and congestion for automakers shipping to and from Vancouver with the opening of its new Vancouver Automotive Compound (VAC)
Indonesia mulls allowing foreign carriers to fly domestic routes
THE Indonesian government is considering allowing foreign carriers to fly domestic routes to boost competitiveness and push down airfares
https://www.seanews.com.tr/indonesia-mulls-allowing-foreign-carriers-to-fly-domestic-routes/182945/
Two HK Airlines directors seek US$12.2 million in damages in lawsuit
TWO directors of troubled Hong Kong Airlines have applied to the Hong Kong High Court demanding HK$95 million (US$12