Investments

• Thursday, August 30th 2018 - 08:55 UTC

  LATAM plans to replace 1.200 airport based employees in Brazil

  

  Chilean airline LATAM has plans to lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number.

• Thursday, August 30th 2018 - 08:46 UTC

  Falklands' tender process for construction of vulnerable person' care facility

  

  The Falkland Islands Executive Council has selected Galliford Try as the preferred company for the construction of the new Vulnerable Person’s Extra Care Facility in Stanley. The decision follows a detailed scrutiny of the bids received by Members of the Legislative Assembly and Government officers, who subsequently submitted recommendations to the Executive Council.

• Thursday, August 30th 2018 - 07:24 UTC

  Falklands approves application to register a new build trawler

  

  The Falkland Islands Executive Council on Wednesday granted the application by Jupiter Fishing Company to register a new build fishing trawler. The agreed name of the new vessel is Argos Cies, which reflects the 50:50 partnership in Jupiter between Argos Group Ltd of Stanley, Falkland Islands and Armadora Pereira SA of Vigo, Spain.

• Wednesday, August 29th 2018 - 07:37 UTC

  Falklands appoints Ramboll UK Ltd as professional services framework contractor

  

  In June 2018, the Falkland Islands Government issued an invitation to tender for a single supplier professional services framework contract. The framework will assist delivery of the Government’s capital investment programme, which includes developing the sixth phase of Sapper Hill, new port facilities, upgrades to the MPA terminal and improvements to Stanley Airport.

• Tuesday, August 28th 2018 - 08:41 UTC

  Ocean Infinity seabed survey company to begin looking for ARA San Juan next month

  

  United States based seabed survey company Ocean Infinity hopes to begin searching for the missing Argentine submarine ARA San Juan (S-42) in September. The announcement was made by Argentine defense minister Oscar Aguad.

• Sunday, August 26th 2018 - 11:29 UTC

  First LNG-powered cruise ship floated at Meyer shipyard in Papenburg, Germany

  

  First aver LNG-powered cruise ship was floated at Meyer shipyard in Papenburg, Germany. It will now be positioned at the shipyard’s dock for final hotel outfitting ahead of a delivery this autumn.The AIDAnova LNG-powered 5,200-guest cruise ship, which features a ‘green cruising’ design, has been built in compliance with the rules of classification society RINA.

• Sunday, August 26th 2018 - 03:05 UTC

  Norwegian Air planning to operate domestic flights in Brazil

  

  Low-cost Norwegian Air is interested in operating domestic flights within Brazil, a government official said, as it plans its debut in Latin America’s largest economy in March with a flight between Sao Paulo and England.

• Thursday, August 23rd 2018 - 08:33 UTC

  First container vessel attempting the melting Arctic sea route north of Russia

  

  Danish vessel setting sail from Vladivostok this week is set to become the first container ship to tackle the Arctic sea route north of Russia. The Venta Maersk, owned by Maersk Line, and carrying 3,600 containers, hopes to reach St Petersburg by late September. That could be up to 14 days faster than the southern route via the Suez Canal.

• Tuesday, August 21st 2018 - 08:25 UTC

  Latam announces 2Q results; currencies' turbulence has hit shares, down 25%

  

  With this year's sell-off in emerging markets assets hasn't just dented investor returns and confidence, but also weighed heavily on global companies with exposure to developing economy currencies. One that is LATAM Airlines, by far South America's biggest carrier and among the world's largest by network connections.

• Monday, August 20th 2018 - 08:14 UTC

  Falklands Development Corporation has a new Development Manager, Michael Poole

  

  The former Member of the Falkland Islands Legislative Assembly, Michael Poole took up the position of Development Manager at the Falkland Islands Development Corporation at the start of the month, heading the Business Development team.