News

World Bank: Poverty in Ethiopia down 33% since 2000

27/01/2015 / Africa / Ethiopia / agriculture / economy / industry / news / poverty

Agricultural growth was the main driver of poverty reduction in Ethiopia since 2000, according to the World Bank Group’s latest Poverty Assessment. Poverty in Ethiopia fell from 44 percent in 2000 to 30 per cent in 2011, which translated to a 33 per cent reduction in the share of people living in poverty. This decline was underpinned by high and consistent economic growth, with progress largely driven by agricultural growth, investments in basic services and effective safety nets.

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Port of Los Angeles container volumes up six per cent in 2014

26/01/2015 / Los Angeles / United States / containers / marine / maritime / news / port / shipping

Container volumes at the Port of Los Angeles increased six per cent in 2014 over the previous year, with total volumes reaching 8,340,065 Twenty-Foot-Equivalent Units (TEU). It was the third busiest year in the Port’s history, just behind 8.4 million TEUs in 2007 and 8.5 million TEUs in 2006.

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DNV GL opens new Central China office in Nanjing

26/01/2015 / China / DNV GL / marine / maritime / news

The world’s largest ship and offshore classification society, DNV GL, has opened up a new office in Nanjing. It will support business growth in the area and be the centre for operations in Central China. Headed by Area Manager Chen Keng, DNV GL Central China covers most of the Jiangsu Province and follows the Yangtze River upstream to Chongqing and Sichuan.

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ABB generates record Azipod orders in 2014 on icegoing and cruise ships demand

26/01/2015 / ABB / Arctic / Azipod / Lloyd's Register / cruise / marine / maritime / news / shipping / technology

ABB, a global leader in power and automation technology, has received record levels of new orders for the marine part of the group’s business, driven by solid growth in demand for electrical propulsion systems, especially in the cruise and ice-going segments. In 2014, the company won orders worth US$200 million to deliver power plants and Azipod® propulsion systems to cruise customers, and US$900 million to deliver solutions to icegoing and icebreaking projects.

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His Excellency Eng. Suhail Mohamed Faraj Al Mazrouei to open Tank Storage Middle East

26/01/2015 / Abu Dhabi / Tank Storage Middle East / UAE / energy / news

It has been officially announced that His Excellency Eng. Suhail Mohamed Faraj Al Mazrouei, the UAE Minister of Energy, will open the inaugural Tank Storage Middle East show and deliver its keynote address. It is yet another major show coup for Tank Storage Middle East, which takes place on 26th and 27th January at the Abu Dhabi National Exhibition Centre.

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