Deutsche Bank boss dismisses takeover talk following Panama Papers raids

first_img “We are on track to make our first profit for three years,” Sewing, the lender’s chief executive, told Bild am Sonntag. “It is only a matter of time before this progress is reflected in the share price.”Deutsche’s shares hit a record low of €8.03 on Friday, the second day of police raids at its headquarters, linked to the so-called Panama Papers revelations over offshore financing.The bank has been devastated by a series of financial and regulatory scandals this year, and faces fresh questions currently over its role as a alleged conduit for dirty funds processed via Danish lender Danske Bank.Sewing took up his position at the head of the bank in April, and has been attempting to turn its fortunes around.During last week’s raids, police searched the office’s of all the bank’s board members – suggesting the scandal is being linked to the highest echelons of its management. Tags: Deutsche Bank Panama Papers UBS Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoPaws ZillaLily From The AT&T Ads Is Causing A Stir For One ReasonPaws ZillaUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndo Sunday 2 December 2018 12:44 pm whatsapp The boss of Deutsche Bank said the beleaguered German lender is not at risk of a takeover, after its shares hit a record low on Friday following a two-day police raid prompted by money-laundering allegations.Christian Sewing said he saw no “indication” of a possible merger, following speculation that Deutsche could be looking at a tie-up with German rival Commerzbank, or Switzerland’s UBS. center_img Louis Ashworth Share Sewing said he was not concerned about the board office raids. “I don’t have a problem with that,” he said. “I want this matter to be cleared up as soon as possible.”The Frankfurt prosecutor’s office, which directed the raids, said it was investigating the activities on unnamed employees who allegedly helped clients set up offshore firms to launder money.“It’s about two employees who, at the time, helped to work through everything surrounding the issue of the Panama Papers,” Sewing told the paper. “In my view, the presumption of innocence clearly applies until proven otherwise.“Since the publication of the Panama Papers in 2016 we have reviewed the whole issue and, in doing so, cooperated closely with the regulatory authorities. For us the case was concluded.” whatsapp Deutsche Bank boss dismisses takeover talk following Panama Papers raids last_img read more

Earnings fears hit US stocks – New York Report

first_img Share Express KCS Earnings fears hit US stocks – New York Report whatsapp Thursday 16 April 2015 8:40 pm Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat is ‘Ranked-Choice Voting,’ the New System for New York’s MayoralFamily Proof US STOCKS ended marginally lower yesterday as lingering worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts.Weighing on the S&P 500 were Apple and General Electric, which is expected to report its first-quarter results today before trading begins.Netflix closed 18.21 per cent higher after the video streaming service posted better-than-expected results.Shares of Etsy, an online marketplace for handmade goods, finished 87.5 per cent higher and Party City’s stock jumped 21.77 per cent in their IPOs.The Dow Jones industrial average fell 6.84 points, or 0.04 per cent, to end at 18,105.77. The S&P 500 lost 1.64 points, or 0.08 per cent, to 2,104.99 and the Nasdaq dropped 3.23 points, or 0.06 per cent, to 5,007.79. whatsapp Show Comments ▼ Tags: NULLlast_img read more

Mylan, like other generic drugmakers, feels the pricing pain

first_imgBusinessMylan, like other generic drugmakers, feels the pricing pain Mylan and its rivals that make generic drugs have been under pressure because of falling prices.Mylan is also dealing with a decline in sales for its EpiPen Auto-Injector, following a decision to start selling a lower-priced generic version. That decision was made after the cost of the devices drew scorn from parents nationwide and spawned Congressional inquiries.“Given the region’s ongoing challenges and the uncertain U.S. regulatory environment, we have elected to defer all major U.S. launches from our full year 2017 financial guidance to 2018, including generic Advair and generic Copaxone,” said CEO Heather Bresch. “As a result, we now expect to deliver total revenues this year of between $11.5 billion and $12.5 billion.”The previous projection from Mylan was for revenue of between $12.25 billion and $13.75 billion. Mylan may have overcharged taxpayers by $1.27 billion for EpiPens, HHS says Jeff Swensen/Getty Images Related: By Associated Press Aug. 9, 2017 Reprints Mylan offered EpiPen discounts to states in exchange for privileged status, documents show Per-share projections released Wednesday of between $4.30 and $4.70 are also down from earlier expectations of between $5.15 and $5.55.The expectations for all of fiscal 2018 were also trimmed, from $6 a share, to $5.40 a share.Citi analyst Liav Abraham said that Mylan’s struggles mimic earlier quarterly reports from others in the generic industry.“This morning’s earnings, while consistent with the larger generic players thus far (TEVA and Sandoz in particular), are nonetheless not particularly reassuring, and point to structural issues in the US generics landscape,” Abraham wrote.Mylan shares have declined 17 percent since the beginning of the year. Associated Press Related: Earnings, adjusted for non-recurring costs, came to $1.10 per share, well below the per-share estimates of $1.18 that Wall Street was seeking, according to a survey by Zacks Investment Research.Revenue surged 15.6 percent to $2.96 billion on higher sales in Europe, largely due to products now owned by Mylan after its buyout of the Swedish drugmaker, Meda. However, that too was short of analyst expectations.advertisement About the Author Reprints NEW YORK — Mylan’s second-quarter profit and revenue surged, but not as much as Wall Street had expected and the company is taking a more conservative view going forward because of “ongoing challenges and the uncertain U.S. regulatory environment.”Shares tumbled 5 percent and were trading close to four-year lows at the opening bell Wednesday.The generic drugmaker, which is incorporated in the United Kingdom but has its U.S. headquarters outside of Pittsburgh, said profit surged 76 percent to $297 million, or 55 cents per share.advertisementlast_img read more

Hooney to the fore as Knockbeg advance to Leinster final after extra time win

first_imgKnockbeg responded with points from Bryan McMahon, Oisin Doyle, Hooney and Ian Shanahan narrow the deficit to 2-7 to 1-7 at half time.Colaiste Eoin extended their lead on the resumption of play but Knockbeg were level moments later when Bryan McMahon grabbed his first goal and that was followed by an Ian Shanahan point.Hooney and Fionn Bergin put Knockbeg ahead for the first time since the opening minute with 50 minutes on the clock but Colaiste Eoin scored the next two points to go ahead as the game ticked into the final few seconds.But Knockbeg refused to be beaten and Colin Dunne popped up to grab the equalising point to make it 2-11 apiece at the end of normal time.Knockbeg’s superior fitness told in extra time as despite the unseasonably warm conditions, they finished with plenty of energy.Bryan McMahon grabbed a great goal from the throw in at the start of extra time and Knockbeg never looked back.Colin Dunne extended the lead and while Colaiste Eoin narrowed the gap to one with three straight points, Oisin Hooney’s second goal sent Knockbeg in leading 4-12 to 2-14 at half time in extra time.Fionn Bergin added two more frees in the second half of extra time either side of Oisin Hooney’s third goal which saw him complete his hat-trick.Colaiste Eoin didn’t score again and Knockbeg will now look to add the Leinster title to the South Leinster one that they won last month.SCORERS – KNOCKBEG COLLEGE: Oisin Hooney 3-2, Fionn Bergin 0-4 (two frees), Oisin Byrne 0-1, Colin Dunne 0-3, Bryan McMahon 2-1, Ian Shanahan 0-2, Oisin Doyle 0-1KNOCKBEG: Sean Dollard (Killeshin); Jamie Kelly (St. Josephs), Orrie Doran (Killeshin), Brendan McDonald (Killeshin); Tomas Byrne (St Joseph’s), Shane Buggy ( Eire Og), Jesse McEvoy (Ballylinan); Ian Shanahan (St Joseph’s), Ciaran Burke (Crettyard), Oisin Hooney (St Joseph’s), Colin Dunne (Arles Kileen), Oisin Doyle (Clonmore); Bryan McMahon (Palatine), Oisin Byrne (Arles Kileen), Fionn Bergin ( Grangenolvin) Subs: TJ Burke (Barrowhouse) for T Byrne (35 mins), Oisin Nolan ( Castledermot ) for J McEvoy (38 mins), Conall Bergin (Grangenolvin) for B McMahon (extra time)SEE ALSO – In Pictures: Ballyroan Ladies host successful Presentation night Hooney to the fore as Knockbeg advance to Leinster final after extra time win Facebook Facebook Community Pinterest Council Laois secondary school announces scholarship winners for new academic year By Alan Hartnett – 26th February 2019 Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Community Twittercenter_img Previous articleEmo Celtic crowned CCFL U-17 championsNext articleIn Pictures: All style for Kyle with GAA dinner dance Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. New Arles road opens but disquiet over who was invited to official opening WhatsApp WhatsApp TAGSKnockbeg College Home Sport GAA Hooney to the fore as Knockbeg advance to Leinster final after extra… SportGAAGaelic Football RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Knockbeg College 5-14 Colaiste Eoin (Dublin) 2-14 Top Oil Leinster School’s Junior ‘A’ Football Championship Semi FinalThere really is no stopping these young footballers from Knockbeg who simply never know when they are beaten.Following a topsy-turvy affair in Blessington this afternoon, Knockbeg College U-16s have a Leinster final to look forward to after they came back from behind on more than one occasions to see off Dublin champions Colaiste Eoin.The side, manager by Laois senior football captain Stephen Attride and Conor Ronan, had a number of fine performances today but St Joseph’s ace Oisin Hooney was the ace in the pack.He scored two great goals in the first half and another in extra time to see Knockbeg emerge victorious.In glorious conditions, Knockbeg started well with a Fionn Bergin free but the men from the capital hit back emphatically – scoring 1-3 without reply.Oisin Byrne and Colin Dunne edged Knockbeg back into the game before Hooney levelled things up with a great goal following a trademark solo run.But Colaiste Eoin weren’t phased at seeing their lead evaporate and they scored the next 1-4 in the game to go seven points ahead.last_img read more

The Cost of Loyalty on The Day of the Sun

first_img North Korea tries to accelerate building of walls and fences along border with China News News In recent years, April 15th, “The Day of the Sun,” the birthday of Kim Il Sung, has changed, with the annual “special distribution” amounting to little more than two or three kilograms of grain, three or four eggs and a bottle of liquor (500ml).In days gone by, The Day of the Sun saw almost everyone eating roasted pig and sharing alcohol, but this is now told as an old story of the times “when the Supreme Leader was alive.” As the economic crisis has dragged on, distribution on The Day of the Sun has slowly withered away.However, “special presents” given to high-level officials on the Day of the Sun are still glamorous. Officials from the Central Committee (holding ranks higher than Chief Secretary of the Provincial Committee of the Party) receive a basic gift of things like high quality fabrics, the highest quality domestic liquor and a number of pheasants. These special presents are mostly prepared using “loyalty funds” accumulated throughout the year by foreign currency earning units.In the era of Military-first politics, the burden of providing loyalty funds has grown heavier and heavier for these foreign currency earning units. Nowhere is this more true than in the military, which shouts that it is “guarding the General with our guns” and dares not lose out to the Party or others in the race for loyalty.For example, like others, the foreign currency generating arm of North Korean Air Command (No. 564 Unit of the Chosun People’s Army) gathers loyalty funds on four major national holidays; February 16th, Kim Jong Il’s birthday; April 15th, Kim Il Sung’s birthday; September 9th, Foundation Day of the North Korean regime; and October 10th, Establishment Day of the Chosun Workers’ Party. In the Air Command case, funds are gathered from nine bases and, under them, two further local branches.Each is nominally charged with generating capital for the purposes of managing the Air Command through the year, however, they concentrate harder on raising money for submission to Kim Jong Il. Failure to fulfill their official “mission” may represent an internal issue for the Air Command, but failure to generate sufficient loyalty funds for Kim can create a much larger “political problem,” i.e. charges of failing to resolve the concerns of the leader in a timely manner.Of course, the North Korean Air Force suffers ongoing, serious shortages of fuel, tires, parts, rations and clothing for soldiers; shortages which, needless to say, are not unconnected with the dominance of this supposedly secondary mission.The Air Command foreign currency arm raises more than $1 million per year. Based on this amount, it can be assumed that the entire North Korean military raises tens of millions of dollars per year.North Korean Air Command collects loyalty funds of between $10,000 and $20,000 from each branch base and local office per year. This is over and above the annual target for each base, generally between $70,000 and $100,000. To achieve these targets, the Bureau of General Staff of the Ministry of the People’s Armed Forces grants approximately four kinds of permit to trade to each base. Depending on the type of permit, the base is permitted to raise foreign currency by selling things such as agricultural products, ores or wood, much of which goes to China.The North Korean authorities would like foreign currency earners to export third level processed goods; however, bases tend to sell primary goods instead due mainly to a lack of capital and technology for processing. Often, trees are sold as logs or planks, whereas with the addition of technology they could be made into plywood, which would be more profitable, or into furniture, which would be better still. Of course, the truth is that North Korean foreign currency earning units can only manage the simple things, so they tend to generate a mere 30% of their targets. In the case of coastal bases, fishes like Pollack and Atka mackerel are exported alongside octopus, clams, sea urchin and sea cucumber. In order for such a base to earn $100,000, it needs to have a factory, refrigerator, and freezer. It also needs to maintain three or four ships of more than 200hp, and around 20 with more than 30hp, to gather the goods and provide oxygen to divers. More often than not, the cost of oil is their biggest problem.Exporting gold, silver, bronze, molybdenum or other metal ores to China, another important currency earner, is no easy task either. North Korea produces a ton of molybdenum for around $200 and sells it for around $650 to Chinese traders. When transportation and tariffs are added in, the profit per ton is just $200.Therefore, if North Korea exports 200 tons of molybdenum to China, a profit of about $40,000 is made. Selling 200 tons to China, on the assumption that the enterprise went entirely to plan, would take a minimum of eight months. Therefore, earning $20,000 per year in loyalty funds alongside the basic target is no easy task.As a result, many bases eventually turn to illegal activities like selling “ice” (methamphetamines) instead. This has strengthened the culture of bribery in the National Security Agency and the People’s Safety Ministry, which must both be paid to turn a blind eye to such illegal practices. Currently, about half the staff in an average branch office is engaged in the drug industry. As a member of a base, every individual is supposed to generate approximately $3,500 per year. However, the money generated by five or six base members from drug sales can, for example, provide food for the 120 workers and coal for the heating during the winter season, and still leave enough to provide a kilogram and some of pork, three kilograms of candy and two liters of cooking oil per household on each of the four major national holidays. Just for example, the Sinheung Trade Company, operating under the National Security Agency, generates its loyalty funds from 13 bases and 6 local offices through this method. Sinheung Trade Company is said to earn an estimated $0.4 million for Kim Jong Il annually.Meanwhile, Guard Command, the military unit in charge of escorting Kim Jong Il around the country, also has a foreign currency earning unit called “Dongyang Company.” Dongyang Company annually submits an estimated $0.3 million on Kim Jong Il’s birthday. The Cost of Loyalty on The Day of the Sun RELATED ARTICLESMORE FROM AUTHOR AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] Facebook Twittercenter_img Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News News By Daily NK – 2010.04.15 1:39pm SHARE There are signs that North Korea is running into serious difficulties with its corn harvest last_img read more

TSX hits four-month high as pot stocks surge

first_img Related news Canada’s main stock index hit its highest level in four months on a big surge in cannabis stocks.The S&P/TSX composite index closed up 96.01 points at 15,602.32. In New York, the Dow Jones industrial average gained 175.48 points at 25,239.37. The S&P 500 index was up 18.34 points at 2,724.87, while the Nasdaq composite was up 83.67 points at 7,347.54.The Canadian dollar traded at an average of US76.18¢, down from Friday’s average of US76.37¢, which was the highest level since Nov. 7.The March crude contract was down US70¢ to US$54.56 per barrel and the March natural gas contract was down US7.4¢ at US$2.66 per mmBTU.The April gold contract was down US$2.80 at US$1,319.30 an ounce and the March copper contract was up US2.15¢ at US$2.79 a pound. Canadian Press Share this article and your comments with peers on social media Toronto stock market dips on weakness in the energy and financials sectors S&P/TSX composite hits highest close since March on strength of financials sector TSX gets lift from financials, U.S. markets rise to highest since March 40556994 - close up image of stock market data on a computer monitor. 123RF Keywords Marketwatch Facebook LinkedIn Twitterlast_img read more

New sensors to bolster city’s disaster response

first_imgNew sensors to bolster city’s disaster response The installation of new environmental monitoring devices to help bolster the city’s response to natural disasters is underway.Townsville City Council is installing 45 sewer height sensors around the region as part of a larger project that also includes 27 flood monitoring sensors and six cameras.Townsville Water and Waste Committee chairperson Russ Cook said the sensors would provide real-time information for staff and experts to use when preparing and responding to disasters.“Having a larger network of sensors and cameras gives our frontline agencies and staff more real time data and a better capacity to respond,” Cr Cook said.“The installation of new flood sensors to fill gaps in our flood warning monitoring system was a key recommendation of the IGEM review and I’d like to thank the Federal and State Government for their funding support to get this done.”“The new sewer height sensors will provide crucial data to monitor levels in the sewage networks to help prevent overflows and protect our environment and our residential areas.The sewer height sensors form part of a $605,000 project jointly funded by the Australian and Queensland Governments under the Disaster Recovery Funding Arrangements (DRFA). /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Australian, Cook, council, disaster, environment, Federal, Government, project, QLD, Queensland, Townsville, Townsville City Council, Waterlast_img read more

Defending champ Toledo shares lead with Faxon in Quebec

first_imgQUEBEC CITY – Defending champion Esteban Toledo shot a 6-under 66 on Saturday for a share of the second-round lead with Brad Faxon in the Champions Tour’s Quebec Championship. The 51-year-old Toledo, the only Mexican winner in the history of the 50-and-over tour, matched Faxon at 10-under 134 at La Tempete in the first PGA Tour-sanctioned event in the area since 1956. Toledo won the then-Montreal Championship last year at La Vallee du Richelieu for his second Champions Tour victory. ”I went out there on the golf course today and enjoyed myself,” Toledo said. ”That’s pretty much what I did. … I hit it great. Hit a lot of fairways, hit a lot of greens, I putted well and it seems like when I putt well, I get a lot of confidence.” Faxon, also a two-time senior winner, had a 67. ”It was a good solid round of golf today,” said Faxon, an eight-time winner on the PGA Tour. ”I laughed at myself because I started thinking about how my rounds are usually miss the fairway, miss the green, chip it up, make a par, and this was on the fairway, on the green, make a putt and it was a nice round. ”Then when I started thinking about that, I hit a bad shot on 16 and made a bogey and then three-putted 17. But the birdie on 18 was a great birdie to make finishing in the dark, in the cold.” Loren Roberts was third at 8 under after a 69. Jay Haas, Scott Simpson, Wes Short Jr. and Duffy Waldorf were 7 under. Simpson and Short shot 68, Haas had a 69, and Waldorf a 71. Two-time U.S. Open champion Lee Janzen, making his Champions Tour debut, was tied for seventh at 6 under after a 67. He turned 50 last week. First-round leader Chip Beck followed his opening 65 with a 75 to drop into a tie for 23rd at 4 under.last_img read more

Foyle Search and Rescue denied vital funding

first_img Donegal retains 14 Blue Flags, Lisfannon is not restored Andrew McGinley says his children are getting him through life By News Highland – January 9, 2014 Facebook LUH still not ready to restore IT systems Gardai investigate deaths of two horses on the N56 WhatsApp News Foyle Search and Rescue denied vital funding RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+center_img Derry charity Foyle Search and Rescue has been denied funding for a counselling base.Foyle Search and Rescue had applied for funding to create a counselling facility for people found in distress around the River Foyle.The charity has expressed disappointment at failing to secure the 220,000 needed for the project.The groups Chairman Craig Smith says the was an increase in the charities work last year, so funding is essential:[podcast]http://www.highlandradio.com/wp-content/uploads/2014/01/craig1pm.mp3[/podcast] WhatsApp Twitter Pinterest Lárionad Acmhainní Nádúrtha CTR to take part in new research project Previous articleGlasgow City Council told to take Irish language incident more seriouslyNext articleAppeal for privacy as Senator Jimmy Harte is transferred to Letterkenny News Highland Pregnant women can receive Covid vaccine at LYIT’s vaccination centre Twitter Google+ Facebooklast_img read more

News / Container manufacturers and lessors facing a tough year as prices tumble

first_img The container manufacturing industry is on course to post a staggering loss this year.According to the latest research from Drewry Maritime Advisors, the cost of production is soaring above new box prices.Drewry’s Container Leasing, Census & Equipment Insight reports that in the fourth quarter last year, a glut of new containers forced down prices to the extent that manufacturers are losing $100-$200 on each one sold.These losses have come even as the price of steel has also declined, and the analyst added that with demand for container transport expected to soften for the remainder of the year, “production cuts might not do much to raise prices”. Drewry added that this was likely to cause particular problems for container leasing companies, which tend to have their best years when box prices are high and investing in equipment weighs heavily on carriers’ balance sheets – in the aftermath of the recession, container lessors tended to buy the bulk of new equipment, which has left them exposed to the current glut of new units,“Maintaining the trend of recent years, the container equipment lease industry has been leading the way in terms of investment in new equipment, and their fleets are starting to look a little bloated,” it said. “With the market increasingly saturated with dry vans, utilisation has started falling and lease rates have begun to decline.“The prospects for 2019 suggest that things might get worse for leasing companies as Drewry is forecasting a slowdown in port throughput after last year’s 4.7% growth.”This is likely to lead to decline in demand for new equipment from lessors and lead manufacturers to curb production, but the effects are unlikely to be seen until next year.“Container equipment prices and leasing rates are expected to continue declining this year until stabilising in 2020. While this market weakness is expected to slow production of new equipment, equipment availability will remain sufficient thanks to moderating trade and vessel fleet growth,” it said. By Gavin van Marle 19/02/2019last_img read more