Foreign Trade

Riding the wave of record earnings, a Stamford-based shipping company is putting money into new vessels.

Nayax wants to lend to the vending and unattended retail operators it already processes payments for. Its proposed Fairfield County bank would issue corporate cards and finance equipment — without taking a single deposit.

Federal reimbursements are delivering millions to Connecticut companies.

Publicly traded Dorian LPG, which operates a global fleet of gas carriers from Stamford, is buying a new vessel and selling three older ships.

Ethan Allen cut its workforce 5.7% over the past year amid weaker demand, reduced government business and tariff-related cost pressures.

Connecticut officials are expanding international partnerships — including with the U.K. and Ireland — through formal groups and trade initiatives.

Bigelow Tea, Lovesac, Amphenol and at least seven other Connecticut companies have filed suit in the U.S. Court of International Trade, but lawyers say most businesses should wait for a federal customs portal expected to launch this month before pursuing litigation.

State lawmakers are considering a wide-ranging proposal aimed at reducing business costs, increasing municipal revenue and expanding international trade.

For the third year in a row, the state legislature is considering bills to establish international trade commissions, this time with both Germany and India.

U.S. District Judge Kari A. Dooley in Bridgeport handed down the sentence to Glenn Oztemel, 66, who was also ordered to pay a $300,000 fine.