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HSH Nordbank, world’s largest financier of ships, reports worst loss since 2008

HSH Nordbank AG, the world’s largest financier of ships, recorded the worst full-year result since 2008 as the shipping crisis and additional tax payments prompted the bank to boost provisions.
The lender saw its loss widen to 814 million euros ($1.1 billion) from 124 million euros in 2012, it said in a statement.
The container industry, which accounts for the biggest share of ship loans among German lenders, has suffered from overcapacity since the global financial crisis triggered a trade slump and the worst decline in ship charter prices in decades.
More at Bloomberg

Cargill, Viterra plan grain-by-rail expansions in Canada

Cargill’s Morris, Manitoba, project will increase rail-car handling capacity from 54 to 100 cars and expand grain storage from 10,000 to 30,000 metric tons. Viterra will upgrade its Pacific Terminal at Port Metro Vancouver in BC.Within the next month, Cargill Ltd. expects to begin expanding its farm service center in Morris, Manitoba, including increases to both rail capacity and grain storage.
Meanwhile, Viterra Inc. announced plans to upgrade and improve its Pacific Terminal at Port Metro Vancouver. The $100 million project is aimed at modernizing the terminal to increase shipping throughput and capacity, and improve handling and processing procedures.
More at Progressive Rail Roading

USA : Women's Unequal Lot

Source: NYTimes

USA : Governor and senator get subpoenas over anti-union threats in Volkswagen vote

Source: Daily Kos

USA : Employees wrap up three day strike at Johns Hopkins Hospital

Source: CBS Local

USA : Hub, firefighters reach contract deal

Source: AP

USA : Thought Secure, Pooled Pensions Teeter and Fall

Source: NYTimes

USA : Boston, firefighters reach tentative labor deal

Source: Boston Globe