Saturday 25 November 2017

Shipping trade falls 14th quarter in row

IRISH shipping trade declined in the second quarter of 2011, with container imports falling for the 14th consecutive quarter as industrial demand eased and consumers here continue to cut back on their spending.

Figures from the Irish Maritime Development Office (IMDO) revealed that container imports fell 4pc in the second quarter compared to the first three months of 2011, bringing the decline in the six months to the end of June to 3pc.

The IMDO said export firms were having to import 19pc more empty containers into the country in order to meet demand for exports.

Delta announces $8.58bn Boeing deal

AIRLINES

DELTA Air Lines has announced plans to buy 100 new Boeing 737-900ER aircraft between 2013 and 2018 as it upgrades its fleet, a deal believed to be worth $8.58bn (€5.96bn). "A key component of Delta's strategy is making prudent investments for the future, while maintaining our financial and capacity discipline," said Richard Anderson, Delta's chief executive officer.

Commodity giant's net income up 57pc

COMMODITIES

SWISS-based commodities giant Glencore said its first half net income jumped 57pc to $2.45bn (€1.7bn), boosted by strong metal prices. "Underlying demand conditions for commodities remained generally robust during the period, despite a number of major disruptive events," said Ivan Glasenberg, chief executive officer of the group. While the sovereign debt crisis was a concern, Mr Glasenberg said the group would look to remain "alert to the potential opportunities that such an environment uncovers in our end markets". Revenues for the six months ending June reached $92.1bn, up 32pc from a year ago.

Bloomberg acquires BNA for $990m

MEDIA

Bloomberg LP has agreed to buy The Bureau of National Affairs Inc (BNA) for about $990m (€688m) to add legal, tax and regulatory research and analysis to its business. BNA shareholders will get $39.50 a share in cash in the transaction, New York-based Bloomberg said in a statement.

Irish Independent

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