Hints and tips:
...The US government has imposed sanctions on companies accused of shipping or trading Russian oil in violation of western rules but is yet to target an individual for involvement....
...It said it had “started to see” sales increases in North America....
...After that its losses mounted, it says, for two reasons: Covid and dry, warm weather in North America, its largest market....
...Houlihan Lokey has hired former Bank of America and HSBC banker Andy Cairns as a managing director and Middle East and Africa head of its capital markets division, based in Dubai....
...Speaking from Thailand, he notes the reopening of China failed to materialise in time, but he was still able to make outsized gains from tanker companies Ardmore and Scorpio....
...The billionaire deputy prime minister of the UAE controls the club via Newton Investment Development LLC, a company registered in Abu Dhabi....
...A maritime security source said he understood it was the Asphalt Princess that had been seized, though he highlighted that the tanker’s owners, Prime Tankers LLC in the UAE, had previously had another vessel...
...Thoma Bravo’s private equity funds will stump up $4bn for ownership of Stamps.com, a mailing and shipping business with $758m in revenue last year....
...Most of America’s largest cities remain under lockdown and there is huge social unrest triggered by Floyd’s death as protests continue across the country....
...He touched on two things sweeping across America: Covid-19 and the presidential primary fever. Kamala Harris, one of Effron’s preferred Democratic party candidates, quit the race a while back....
...Here’s the story of the find that sent shockwaves through the shipping world....
...“It’s a page out of Amazon’s book,” Ms Schaefer said, referring to the ecommerce company’s Prime membership that includes free shipping and digital video streaming....
...Shipping and commodity costs are spiking. Led by Amazon and Walmart, retailers are pushing back on price increases. Pinnacle and ConAgra can at least argue their deal taps emerging trends....
...The company is licensed to conduct a launch every 72 hours from the remote location, which benefits from the lack of air and shipping travel in the vicinity....
...Forbes business magazine has booted US secretary of commerce Wilbur Ross off its list of the richest people in America for the first time in 13 years, alleging he lied to them about his net worth by more...
...“Secretary Ross recuses himself from any matters focused on transoceanic shipping vessels,” said Mr Rockas....
...Wilbur Ross, US commerce secretary and a close ally of President Donald Trump, has a stake in a shipping group that does business with a company partly owned by Vladimir Putin’s son-in-law, according to...
...Plated is one of numerous meal-kit companies to pop up in recent years, offering a shortcut for cooking at home by pre-packaging ingredients and recipes and shipping them to customers’ homes....
...Washington-based research group C4ADS has detailed the characteristics of shipping networks important to North Korea....
...In June, S&P Global Platts purchased RigData, a provider of daily information on rig activity for the natural gas and oil markets across North America, and before that Commodity Flow, a shipping analytics...
...Ethan Harris, global economist at Bank of America Merrill Lynch, also notes the wide range of potential outcomes from the BoJ’s meeting and review, “including the possibility that the BoJ effectively admits...
...This has involved the creation of a joint venture in 2013 to invest in distressed shipping assets, as well as buying bank loans to shipping companies at a discount....
...It fended off bids from HNA, China’s aviation and shipping conglomerate, and a rival Canadian consortium led by PSP Investments, according to people familiar with the matter....
...The new Phibro would initially focus on North America, controlling assets such as fertiliser plants, biodiesel refineries and “virtual pipelines” of containerised energy shipping....
...Amazon does not disclose the number of subscribers to its $99 a year Prime service, which includes on-demand video, music and free shipping, but Macquarie analysts estimate it has about 40m worldwide....
International Edition