Offshore Energy reports: German container shipping company Hapag-Lloyd has decided to acquire the container liner business of compatriot carrier Deutsche Afrika-Linien (DAL). The duo signed a framework agreement on 10 March 2022. With a history dating back to the year 1890, DAL is an established liner shipping company for the transportation of containerised cargo...
PRESS RELEASE Mar 8, 2022 Shell plc (Shell) today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance. As an immediate first step, the company will stop all spot purchases...
March 5, 2022 by Choice Aviation Services0Air Cargo
Lawrence Freedman writes: As the Russo-Ukrainian War takes a darker turn it is important to emphasise this essential point. This is a war that Vladimir Putin cannot win, however long it lasts and however cruel his methods. From the start the Russian campaign has been hampered by political objectives that cannot be translated...
Interfax-Ukraine reports: The Ukrainian Security Service (SBU) shot and killed Denys Kyreyev, a member of the Ukrainian negotiating team at the first round of negotiations with Russia in Belarus, while attempting to detain him, Ukrainian parliamentarian Oleksiy Honcharenko said. “During an attempt to detain Denys Kyreyev, a member of the Ukrainian negotiating delegation,...
BBC reports: The EU, US and their allies have agreed to cut off a number of Russian banks from the main international payment system, Swift. “This is intended to cut off these institutions from international financial flows, which will massively restrict their global operations,” a German government spokesman said. Russia is heavily reliant on...
ZERO HEDGE writes: (Authored by Ryan McMaken via The Mises Institute) In the wake of mounting tensions between the US and Russia over Ukraine, one now finds countless media stories on the “China-Russia axis” and the “bond between Russia and China.” The ideological benefit of connecting Russia to China is undoubtedly clear to anti-Russia...
The EC has given its provisional approval to the pending merger of listed Finnish container handling equipment manufacturers Cargotec and Konecranes. Despite this however, the two companies said they were likely to miss their original merger deadline of mid-2022 as it remains to be cleared in other jurisdictions. Premium has previously covered the...
Premium sources have passed on a statement from Expeditors, according to which: “Expeditors is currently managing a global systems downtime due to a targeted cyber-attack. We are working with global cybersecurity experts to manage through the situation. “Our global operations will be impacted throughout the incident, and we are working urgently to resolve. “Systems...
ZERO HEDGE reports: With the rank smell of geopolitical crisis again overpowering the air (not to mention the bidstack in the S&P500), Deutsche Bank’s head of thematic research Jim Reid thought it would be a good opportunity to highlight a table the bank’s equity strategists Binky Chadha and Parag Thatte did a...
PRESS RELEASE 02/10/2022 EDEN PRAIRIE, Minn.–(BUSINESS WIRE)– C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced that its Board of Directors today declared a regular quarterly cash dividend of 55 cents ($0.55) per share, payable on April 1, 2022, to shareholders of record on March 4, 2022. C.H. Robinson has distributed uninterrupted dividends without...
