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...Co Ltd....
...There were also investments in shipping and retailing. Over the years two of David’s sons, Aidan and Howard, became increasingly active in the family businesses....
...Sailing under a Sierra Leone flag, a practice known as a “flag of convenience” where an owner registers a vessel in a country other than their own, the ship is owned by Razoni Shipping Ltd, according to...
...Jeremy Nixon, chief executive of Ocean Network Express, which carries more than 6 per cent of the world’s containerised freight, urged governments to boost investment in the capacity of their ports, railways...
...The inland logistics business, bought on an enterprise value to ebita ratio of 14.4 times, should be a useful addition to Maersk’s top line, about 80 per cent of which is accounted for by ocean logistics...
...the Atlantic and Pacific oceans....
...The head of one of Asia’s biggest ocean shipping companies has warned that governments may need to intervene to “restore order” to a global logistics market tormented by chronic delays, supply chain disruption...
...HMM believed the chances of a strike were low and management hoped it could reach an agreement with the union on Wednesday “to avoid turmoil in ocean shipping”....
...Quoted owners such as Eagle Bulk Shipping of the US, Star Bulk Carriers of Greece and Golden Ocean Group of Norway have delivered average returns to investors of more than 200 per cent....
...“This is a tip of [the] iceberg in this ocean of money laundering, which may sink the entire financial system,” the judge at Kerkar’s bail hearing said....
...Shopee, which was shipping 300,000 to 400,000 parcels daily as of May, according to one person familiar with the business, does not have delivery capabilities....
...The result, Ocean Network Express, is the fifth biggest in the world, a consolidation which Mr Ikeda said would contribute to the “stabilisation” of the market....
...In detail: Hansa Top five holdings (%) Ocean Wilsons Holdings Limited 24.9 Findlay Park American Fund 6.3 GAM Star Fund PLC — technology 4.7 Vulcan Value Equity Fund 4.6 Select Equity Offshore, Ltd 4.5...
...They had also been ordered to await the arrival of an unarmed security team to shepherd the tanker through the Gulf of Aden and the Indian Ocean....
...Louis Vuitton’s flat-top trunk had been developed a couple of decades earlier, enabling luggage to be stacked on trains and ocean liners, both then new modes of transport....
...With a professional skipper at the helm, we headed into the Gulf of Lion — well known among sailors because it roars....
...“We’re all bobbing in an ocean of risk capital....
...Pan Ocean has been placed under observation to see if it should be banned for the same reasons. Atal, a Polish property developer, was also excluded due to human rights risks....
...The takeover, announced on Sunday between two members of the Ocean Alliance grouping of container lines, creates a potentially stronger Asian competitor to the 2M Alliance of Denmark’s Maersk Line and Switzerland...
...If not exactly a Chinese inner lake, the Indian Ocean will become an area where Chinese shipping and commercial interests will more predominate....
...He has previously used his own resources in two separate rescues of Golden Ocean, the dry bulk shipping company he controls, and in one rescue of Frontline, the crude oil tanker operator....
...Hemen bailed out Frontline in 2012 during a prolonged slump in tanker rates and has had to put up funds for Golden Ocean, his dry bulk operator, twice — in 2009 and 2016....
...He has since undertaken a series of other deals involving Golden Ocean, his main dry bulk vehicle, and Knightsbridge, another tanker operator....
...Fellow oil rig company Ocean Rig filed for bankruptcy protection in March. Seadrill says it could be next. Markets assume equity investors would be cast adrift in a restructuring....
...Internationally it owns a smorgasbord of aviation and shipping services, airports and nearly 10 per cent of Deutsche Bank Fosun Holdings Fosun first invested in pharmaceuticals and gold mining....
International Edition