Monthly Archives: January 2015

How to slim your brand portfolio wisely

EUR logoThe world’s largest consumer products companies such as Unilever and Procter & Gamble have recently announced shedding up to hundreds of brands, keeping only the strongest alive to make more profit. But when it comes to brand portfolio, is less really more? While most companies are convinced these big clean-ups result into increased firm value, new research by Dr Yvonne van Everdingen and Professor Gerrit van Bruggen and PhD candidate Baris Depecik of Rotterdam School of Management, Erasmus University (RSM) reveals that in almost all cases the opposite is true. Continue reading

Vopak divested its land position in Turkey

logo_vopakRoyal Vopak has sold its land position in Turkey. On 22 January 2015 all conditions related to this transaction were fulfilled. The divestment is part of the divestment program, as announced on 2 July 2014. This plot of land was already classified as ‘held for sale’ in prior reporting periods. The buyer of the site is a Turkish industrial group. No details about the terms and conditions of the transaction are disclosed. The transaction will not have a material impact on the results (Vopak).

Huisman wins crane order for Maersk vessels

huismancranesIn December 2014, Huisman, the worldwide specialist in lifting, drilling and subsea solutions, secured a contract from COSCO (Dalian) Shipyard for the delivery of four customized 400mt Rope Luffing Knuckle Boom Cranes and two 100mt Knuckle Boom Cranes onboard four new subsea support vessels (SSVs) for Maersk Supply Service. The first vessels, Marin Teknikk design MT 6027, are scheduled for delivery in Q4 2016. In addition to Huisman’s long track record as a reliable and innovative subsea crane supplier, Maersk Supply Service selected Huisman due to the benefits offered by this new crane type, and the partnership that developed between the companies which led to a customized crane design. Continue reading

SBM Offshore Reintroduces COO Position

sbmSBM Offshore announced today the appointment of Philippe Barril as Chief Operating Officer (COO) effective March 1, 2015. Philippe’s appointment as a member of the Management Board is subject to approval at the Annual General Meeting of Shareholders to be held on April 15, 2015. Continue reading

Brazil’s 2015 economic outlook: Rebalancing will not be easy

By Solange Monteiro
MArcaFGV_IBRE_endossoDramatic events in the second half of 2014 transformed the scenario at the turn of the year in Brazil into a big question mark. The fierce presidential race, the deterioration of economic indicators, and allegations of corruption at state-owned oil company Petrobras heightened the already anxious expectations about 2015. Can the course of the country be corrected under the same leadership amid political tensions? Continue reading

Multi-annual and exclusive contract for Kotug

Kotug_logoFive members of the G6-Alliance (APL, Hyundai, MOL, NYK Line and OOCL) have awarded a multi-annual and exclusive contract to Kotug for towage services in the Port of Rotterdam with effect from January 1st 2015. Kotug’s CEO Ard-Jan Kooren said: “This contract is a milestone for our European harbour towage. Our mission is ‘exceeding our clients expectations’ and building long term relationships. We are glad that our investments resulted in this multi-annual towage contract and being recognized by our clients as a high-quality towage provider“. Continue reading

IHC acquires Brastec Technologies, Brazil

ihcRoyal IHC (IHC) has acquired a majority stake in Brastec Technologies, based in Brazil. Brastec Technologies designs and builds value-added, tailor-made production lines for the production of umbilicals and flexible pipes. This agreement fulfils two important elements of IHC business strategy: a foothold in the important Brazilian market; and the acquisition of Dutch-based SAS Offshore, which was fully owned by Brastec Technologies. Continue reading

Boskalis, Van Oord to construct Jakarta island

logoboskalislogo-vanoordRoyal Boskalis Westminster N.V. (Boskalis) and joint venture partner Van Oord have been awarded a contract by PT Muara Wisesa Samudra to design and construct the artificial island for the Dredging and Land Development Works for Pluit City off the coast of Jakarta, Indonesia. The contract carries a value of approximately EUR 350 million (Boskalis share 50%). Continue reading

Throughput Port of Rotterdam up 1%

portofrotterdamIn 2014, the throughput in the port of Rotterdam went up 1% to 445 million tonnes. The different market sectors performed quite dissimilar. The container sector, up by 5.8% (volume) and breakbulk, with 12.1% growth, did exceptionally well. Oil products fell the most, by 8.1%. An extra 4.8% of crude oil passed through the port. Dry bulk fell by 0.7%. Allard Castelein, Port of Rotterdam Authority CEO: “In 2015 we expect the same growth in throughput as last year: 1%. This year too, the main growth is expected in the container sector. In the coming years, we will nurture the large, existing sectors in the port, whilst also focusing strongly on innovation and broadening the range of activities in the port. We need both for a healthy future.” Continue reading

The Biggest Money Player In Politics Is The Fed

By Ralph Benko

fedWashington finally shows signs of coming to grips with the importance of money to politics. This is not about mere campaign finance. Recently there was a breakthrough in bringing the money policy issue out of the shadows and to center stage … where it belongs. The real issue of money in politics is about the Fed, not the Kochs. The Fed’s political impact is orders of magnitude greater than all the billionaires’ money, bright and dark, left and right, combined. There was a real breakthrough in the discourse last week. This breakthrough deserves far more attention than it yet has received. Continue reading

The New Drivers of Europe’s Geopolitics

By George Friedman

georgefriedmanFor the past two weeks, I have focused on the growing fragmentation of Europe. Two weeks ago, the murders in Paris prompted me to write about the fault line between Europe and the Islamic world. Last week, I wrote about the nationalism that is rising in individual European countries after the European Central Bank was forced to allow national banks to participate in quantitative easing so European nations wouldn’t be forced to bear the debt of other nations. I am focusing on fragmentation partly because it is happening before our eyes, partly because Stratfor has been forecasting this for a long time and partly because my new book on the fragmentation of Europe — Flashpoints: The Emerging Crisis in Europe — is being released today. Continue reading

The Unsung X-Factor That Could Upend The Next Presidential Election

By Ralph Benko

uscapitolOne, and only one, candidate, Barack Obama, caught the X-factor and improbably got himself nominated and elected, and re-elected, president.  Another improbable candidate could catch it again. What is that X-factor?  How does it upend things? Peace and personal security continued to flourish in 2014 and are likely to continue into 2015 and beyond. This is important news. It also is news the news media can ill afford to report. But voters sense it. Continue reading