It was announced this week that American satellite company, Viasat, would acquire its British rival, Inmarsat, in a deal worth $7.3 billion USD. This represents a big jump from the $6 billion Inmarsat was sold for in 2019 (completed in January 2020) by a consortium of Apax Partners, Warburg Pincus and others. Upon the announcement …
Strictly Come Dancing, Viasat’s New Dance Partner, Inmarsat Read More »
Shipping’s decarbonization and developing countries should be the beneficiaries of carbon costs imposed on bunker fuel, according to political and diplomatic transport experts. The International Maritime Organization has proposals before it to impose a flat rate levy on carbon in marine fuel but some feel a carbon market similar to the EU’s Emissions Trading Scheme, …
Revenue from carbon prices on shipping must be targeted, say experts Read More »
U.S. policymakers have never been more focused on global container shipping than they are today. Yet the “steel” of this industry — the ships and the containers — is outside of U.S. control, consolidated into the hands of an extremely small circle of non-U.S. companies that continue to bolster their market shares. The big keep …
Shipping’s extreme consolidation could prolong supply chain pain Read More »
Shipping needs a “King Arthur-style” round table of many relevant bodies to fully represent its views at international level and “do it justice”, InterManager’s President Mark O’Neil said during the association’s Annual General Meeting this week. Highlighting the shipping industry’s distant position in relation to important global events such as the recent COP26 environmental discussions, …
Shipping needs a ringside seat at international debates says InterManager Read More »
Hapag-Lloyd has concluded the first nine months of 2021 with an EBITDA of USD 8.2 billion (EUR 6.8 billion). The EBIT was also much higher than in the prior-year period, at USD 6.9 billion (EUR 5.8 billion). At the same time, the Group profit improved to USD 6.7 billion (EUR 5.6 billion). Revenues rose in …
Hapag-Lloyd achieves extraordinary strong result in first nine months of 2021 Read More »
In 3Q/2021, Thoresen Thai Agencies Public Company Limited (TTA) reported strong revenues of Baht 5,947.7 million in 3Q/2021, increasing 16%QoQ and 83%YoY mainly due to the significant growth in Shipping as the dry bulk freight rate reached a record high in more than a decade. Shipping, Offshore Service, Agrochemical, Food & Beverage, and Investment segments …
TTA reported historical-high net profits of Baht 1,614.4 million in 3Q/2021 Read More »
El CEO de Empresas Taylor, Matthew Taylor Pollmann, presentó por medio de una exposición en Trans Port 2021 el Portal de Liberación de Contenedores, solución logística digital de alta eficiencia operacional y de excelente calidad a través de la cual Agentes de pueden realizar la mayor cantidad de trámites documentales y de liberación de un …
Drip Capital, Inc., empresa líder en financiamiento al comercio internacional con presencia en el sector fintech de Latinoamérica a través de operaciones en México y, desde 2021, en Ecuador, anuncia una nueva colaboración con la plataforma de blockchain TradeLens, con el fin de simplificar el acceso a capital para empresas pequeñas y medianas (PyMEs) en …
Shipping Corporation of India Ltd has informed that the Company has incorporated a Wholly Owned Subsidiary (WOS) in the name and style of “Shipping Corporation of India Land and Assets Limited”. The company incorporated WOS on November 10, 2021 pursuant to the approval of the Board of Directors based on the concurrence given by the …
Shipping Corporation incorporates wholly-owned subsidiary as part of demerger Read More »
NYK has been recognized for the first time with a bronze rating in the 2021 PRIDE Index,* a recognition based on an evaluation of LGBTQ initiatives in the workplace. The PRIDE Index was initiated in 2016 by the nonprofit “work with Pride” (wwP) with the aim of creating a workplace where sexual minorities can work …
NYK Receives Bronze in PRIDE Index for LGBTQ Initiatives Read More »
