The third largest container carrier saw net profits in 2015 decrease 2.9 percent to $567 million on revenues that fell 6.4 percent to $15.7 billion compared with the previous year, according to the company’s most recent financial statements.
Item of the Day: Colette Malouf Hair Halo
It’s National Women’s Day, so go on, crown yourself! Wear a silver halo by Colette Malouf… you deserve it. Plus, all sales on Malouf’s website today will donate to Studio Samuel, an organization that empowers girls. Studio Samuel is based in Ethiopia with plans to expand internationally. “I want to help young girls build strength […]
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Initiatives in Art & Culture Announces: Sixth Annual Gold Conference
Feeling golden? April 28 and 29, 2016 marks the dates for the Sixth Annual Gold Conference, held by Initiatives in Art & Culture. As always, the conference offers a rich two full days of presentations, books sales/signings, and viewings/receptions. Presentation highlights include: A conversation between Kimberly McDonald and Henry Dunay “Milestones on the Journey to […]
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Nordstrom Restructures its Technology Team
After disappointing earnings reports over the past few quarters, Nordstrom has announced some spending cuts, including 10 people getting laid off from the technology department. “In technology, we are planning productivity improvements by focusing on fewer, more meaningful projects, such as a scalable merchandising solution that supports seamless integration across multiple channels,” said Chief Financial […]
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Ocean carriers enhance Asia-ISC loops
NYK is joining the joint Hapag-Lloyd, “K” Line, Simatech, Evergreen Line and Yang Ming operated SWACO-8/CIX-2, which is adding a call at Mundra, next week, while the SWACO-1/INDFEX-1, operated by Wan Hai, PIL, SCI and “K” Line, is adding a call at Pipa…
Port of Salalah signs MOU with Iranian ports
The Omani port signed a memorandum of understanding with two Iranian ports to facilitate trade growth between the two nations.
Forth Ports enters land purchase agreement at Tilbury
The United Kingdom-based port owner and operator entered into an agreement to purchase 152 acres of land just east of the Port of Tilbury, which will expand the port’s coverage to 1,100 acres.
Wärtsilä: Shortcuts led to improper testing of ship engines
The commercial engine manufacturer said an internal audit has revealed fuel consumption tests for around 2 percent of its four-stroke marine engines understated consumption by about 1 percent.
Port of Charleston goes solar
The South Carolina Ports Authority plans to bring in additional revenue by leasing rooftop space to a solar energy provider, which will then make money by selling the power generated by the panels to utility company South Carolina Electric & Gas.
Moody’s forecasts sluggish global growth, but no recession
Low crude prices are hurting oil exporting nations, but the savings to oil consuming countries are helping to offset weak economic conditions around the world, according to the credit rating agency Moody’s Investor Service.