Liverpool 2 is set to become the central UK logistics hub, located at the heart of supply chains with the fastest and most efficient onward connections to the Irish Sea Hub
Exim Bank has raised $500 million by selling bonds to offshore investors. The bond has a tenure of five-and-a-half years offering a yield of 3.961 per cent. The issue was rated as BBB- by rating company S&P. Investors across Asia, Europe and the US have subscribed this issue. Asian investors' subscription was to the tune of 62 per cent while European investors bought 33 per cent of the stake.
DP World's Nhava Sheva International Container Terminal (NSICT) has set a new benchmark by handling the MSC Susanna, the longest ship ever to berth at JNPT. The vessel is deployed on the Mediterranean Shipping Company's ISES service bound for Europe.
In the second quarter, Tata Steel on November 13 reported a consolidated net profit of Rs 917 crore against a net loss of Rs 364 crore a year ago, mainly because of improved share in the domestic market coupled with better pricing and rising volume in its largest market, Europe.
According to analysts in India Ratings, Tata Steel's investment in its European unit has not delivered returns according to the management's expectation. This prompted the firm to writedown $1.6 billion asset in its European unit, Rakesh Valecha, Senior Director at India Ratings feels. Tata Steel attributed the writedown to "weak economic and market conditions" in Europe and it expects this situation to continue "over the near- and medi
According to latest forecast by Europe-based aircraft manufacturer Airbus, airliners from Asia Pacific region will surpass Europe and North America and lead the global demand for larger and more fuel efficient planes in the next 20 years. The companies are expected to take delivery of around 9,870 new passenger and cargo aircraft, including 3,840 widebody ones, valued at $1.6 trillion, it said, insisting the Asia-Pacific market is 'where the action will be' during the period.