Where does Rio go next?

By Solange Monteiro

MArcaFGV_IBRE_endossoRio de Janeiro city celebrates its 450th birthday this month amid questions about what permanent gifts the World Cup, Olympics, and discovery of deep-sea oil will leave for the city. Between announcements of huge investments and ambitious revitalization plans on the one hand and inflation above the national average eroding the purchasing power and optimism of both locals and visitors from other countries on the other, there are many questions about how sustainable the recovery of the economy of Rio de Janeiro is. Continue reading “Where does Rio go next?”

VLM to fly Rotterdam-Hamburg twice daily

rtmairportBelgian operator VLM Airlines will this April be launching daily scheduled flights between Rotterdam (Netherlands)-Hamburg (Germany), and Antwerp (Belgium)- Hamburg. The move continues VLM Airlines’ evolution as a scheduled operator, building on the launch of an Antwerp-Geneva service last month. Continue reading “VLM to fly Rotterdam-Hamburg twice daily”

Job not finished for UK economy, OECD says

logooecd_enThe United Kingdom’s economy is projected to expand this year and next, but challenges remain to boost productivity and make future growth more inclusive, according to the OECD’s latest Economic Survey. The Survey, presented in London by OECD Secretary-General Angel Gurría and UK Chancellor George Osborne, says that annual growth in the UK rose 2.6% in 2014, the fastest among G7 countries, and is projected to be at the same rate this year. Continue reading “Job not finished for UK economy, OECD says”

Huisman Knuckleboom Crane awarded

osjc_awards_2015_iotyOn Wednesday 18 February 2015, the Huisman Rope Luffing Knuckle Boom Crane has been awarded the Innovation of the Year award during the Annual Offshore Support Journal Awards 2015. The new hybrid crane is recognized to provide a significant innovation on the design, build and operational aspects of offshore support vessels. Continue reading “Huisman Knuckleboom Crane awarded”

Rand Paul Draws Liberal Fire As The Left Discovers Its Inner Love Of The Fed

By Ralph Benko

randpaulThe New Republic, in its February 8th issue, carries an article by Danny Vinik entitled Rand Paul Has the Most Dangerous Economic Views of Any 2016 Candidate. It appears that TNR’s fact checkers decamped along with its top journalists. Vinik:

Speaking in front of more than 150 Iowa activists, Paul ripped into the Federal Reserve and promoted his “Audit the Fed” bill, which he introduced earlier this week. “I think there needs to be some sunshine,” he said, according to reports of the event. …

Paul’s bill …would significantly damage the Fed’s independence, which exists so that politicians cannot influence the central bank for their own political purposes. In other words, “Audit the Fed” would lead legislators to interfere with monetary policy matters and put the entire economy at risk.

Continue reading “Rand Paul Draws Liberal Fire As The Left Discovers Its Inner Love Of The Fed”

Economic Climate Index for Latin America falls

MArcaFGV_IBRE_endossoThe Ifo/FGV Economic Climate Index for Latin America (ECI) – developed in partnership between the German Ifo Institute and the FGV taking as a data source the Ifo World Economic Survey (WES) – decreased by 6.3%, going to 75 points in January 2015 from 80 in October 2014. The decline stems from worsening of both ratings in relation to the current state of business and the expectations for the coming months: the Present Situation Index (PSI) fell 9.4% and the Expectations Index (EI) decreased 4.2%. All indicators are in unfavorable zone of the cycle and the general worsening means advance in the deterioration of the economic climate. Continue reading “Economic Climate Index for Latin America falls”

Braskem Records R$ 46 billion revenue in 2014

braskem-logoThe largest petrochemical company in the Americas and global leader in biopolymer production, Braskem operated its petrochemical centers at an average use rate of 86% in 2014. This rate dropped four percentage points compared to the previous year, justified by the schedule maintenance shutdowns of the Triunfo (RS) and Mauá (SP) crackers and due to restrictions on the gas supply at the Duque de Caxias Center (RJ) during the first half of the year. Continue reading “Braskem Records R$ 46 billion revenue in 2014”

Jeb Bush Makes A Grand Supply Side Entrance

By Ralph Benko

jebbushThe Republican Party has an embarrassment of riches in good prospective presidential contenders for next year’s race. Thus Gov. Jeb Bush’s debut speech — on February 4th, in Detroit, the start of of his “Right To Rise” tour — took on heightened importance. Presidential campaigns are about much more than name recognition, résumé, charisma, and money. All of these matter.  Yet… Continue reading “Jeb Bush Makes A Grand Supply Side Entrance”

New container loading record at ECT

thalassa_hellas_panorama4.200_dpi-460x292This week, the Thalassa Hellas called at the ECT Delta Terminal. During the visit of this vessel of Evergreen Line, ECT handled 11,051 containers (18,500 TEUs); a new record. Never before so many containers were handled in Europe during one call. The containers form a line of more than 110 kilometers:  about the length of the highway between Rotterdam and Antwerp. Continue reading “New container loading record at ECT”

Brazil’s Grupo CBO selects Huisman Equipment

huismancranesIn January 2015, Huisman, the worldwide specialist in lifting, drilling and subsea solutions, and Brazilian shipping company and shipyard group Grupo CBO, signed a contract for the delivery of four anchor handling and towing winch packages for four new Havyard 843 AHTS vessels. The winch packages will be built by Huisman’s new production facility in Navegantes, Brazil, and delivery is planned for 2016 and 2017. The winches will be delivered with 50% Brazilian content. The Havyard designed 843 AHTS vessels will be built by Estaleiro Aliança (2x) and Estaleiro Oceana (2x). Continue reading “Brazil’s Grupo CBO selects Huisman Equipment”

Germany Emerges

By George Friedman

georgefriedmanGerman Chancellor Angela Merkel, accompanied by French President Francois Hollande, met with Russian President Vladimir Putin on Feb. 6. Then she met with U.S. President Barack Obama on Feb. 9. The primary subject was Ukraine, but the first issue discussed at the news conference following the meeting with Obama was Greece. Greece and Ukraine are not linked in the American mind. They are linked in the German mind, because both are indicators of Germany’s new role in the world and of Germany’s discomfort with it. Continue reading “Germany Emerges”

Technip contracts Damen Shiprepair Rotterdam for major upgrade to Global 1200

Global_1200_at_DSRAfter having successfully performed the life-time extension works on the Stanislav Yudin (owned and operated by Seaway Heavy Lifting), in 2013-2014 at Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion, a new significant contract is awarded by Technip, for dry-docking, upgrades and operational modifications to the deepwater rigid pipe S-lay and heavy lift vessel, the Global 1200. The vessel arrived at the yard in January 2015. Continue reading “Technip contracts Damen Shiprepair Rotterdam for major upgrade to Global 1200”

Dockwise Vanguard to transport Goliat FPSO

dockwisevanguardRoyal Boskalis Westminster N.V. (Boskalis) announces that Dockwise, a wholly owned subsidiary, has successfully loaded the ENI Goliat FPSO (floating production, storage and offloading vessel) onboard its largest heavy transport vessel in preparation of a transport journey to Europe. Continue reading “Dockwise Vanguard to transport Goliat FPSO”

Rotterdam still largest European port for China

portofrotterdamIn 2014, Rotterdam became the first European since the start of the economic crisis in 2008, port to handle more than 3 million TEU (20-foot container units) going to or coming from China. Port of Rotterdam Authority CEO Allard Castelein announced this during the first quarterly meeting of the Rotterdam Port Promotion Council (RPPC). At the meeting he analysed the throughput figures for 2014 and indicated trends for a large group of port entrepreneurs. Continue reading “Rotterdam still largest European port for China”

Vopak sells U.S. terminals to Kinder Morgan

logo_vopakRoyal Vopak has entered into a binding agreement to sell three wholly owned terminals and its plot of land in the United States to Kinder Morgan Inc., a US-based energy infrastructure company. This is in line with Vopak’s business review, which was announced on 2 July 2014, to amongst others divest around 15 primarily smaller terminals. Continue reading “Vopak sells U.S. terminals to Kinder Morgan”

Exclusive Interview With Rand Paul, Human Capitalist

by Ralph Benko

randpaulRand Paul recently sat with me to share some of his views. The insights on his worldview left me persuaded that he deserves to be considered the most important public intellectual serving in the United States Senate. Time Magazine calls him “the most interesting man in American politics.” The Senate’s public intellectual chair has been vacant since the departure of Daniel Patrick Moynihan. As an M.D. rather than a Ph.D. Paul is less academic than was Moynihan. Yet Paul demonstrates a comparable wit, keen intelligence, and coherent worldview. Continue reading “Exclusive Interview With Rand Paul, Human Capitalist”

Guantanamo Bay’s Place in U.S. Strategy

By Sim Tack

stratforLast week, the Cuban government declared that for the United States and Cuba to normalize relations, the United States would have to return the territory occupied by a U.S. naval base at Guantanamo Bay. Washington clearly responded that returning the base is not on the table right now. This response makes sense, since quite a bit of politicking goes into the status of the base. However, the Guantanamo Bay issue highlights a notable aspect to the U.S.-Cuban negotiations — one that is rooted in the history of the U.S. ascension to superpower status as it challenged European powers in the Western Hemisphere. Continue reading “Guantanamo Bay’s Place in U.S. Strategy”

SBM Offshore performed well in 2014

sbmSBM Offshore ended 2014 with a good underlying financial performance, ahead of expectations for the second straight year. The company reached an important milestone in announcing an out-of-court settlement agreement with the Dutch Public Prosecutor’s Office (Openbaar Ministerie) over the inquiry into alleged improper payments, whilst the US Department of Justice declined to prosecute and has closed its inquiry into the matter. This marks a big step forward in putting the company’s legacy issues to rest. Continue reading “SBM Offshore performed well in 2014”

Robeco Group net profit at an all-time high

robeco logo Last week Robeco Groep N.V. announced its results for the full year ended 31 December 2014. 2014 has been a year of records for Robeco. During the year Robeco’s assets under management increased by EUR 40.8 billion, resulting in an all-time high of EUR 246 billion of which 48% was institutional business. This increase was driven by a strong positive investment result of EUR 35.1 billion, which provided clients with attractive returns. The increase was also supported by strong positive net cash flows. The investment result includes a EUR 18.4 billion gain as a result of the appreciation of the US dollar. Continue reading “Robeco Group net profit at an all-time high”