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CMA CGM SA
Rodolphe Saadé, shipping boss who sailed into France’s business elite
...In the late 1970s late patriarch Jacques Saadé bet that container ships would revolutionise world transport; not long after, the family fled from war-torn Beirut to Marseille....
April 24, 2024
Wallenius Wilhelmsen Logistics AS
Car-carrier line WW makes record profits on Chinese EV exports
...The Norwegian company is the biggest participant in a corner of the shipping industry facing different dynamics from container lines, which are saddled with excess capacity....
February 14, 2024
FT Live
Investing in Piauí – Brazil
Exploring business opportunities and delivering sustainable growth
Friday, 17 May22 Vanderbilt, Madison Avenue, New York, NY, USA
InterviewSupply chains
Shifting production from China is impossible, says shipping boss
...“The scale [and] the weight of China means it is easy to overexaggerate the impact of ‘China plus one’,” said Michael Fitzgerald, deputy finance chief of Orient Overseas Container Line, a Hong Kong-headquartered...
April 23, 2023
Transport
Logistics groups seek Asian bases to help clients offshore from China
...Meanwhile, Michael Fitzgerald, deputy chief financial officer of Orient Overseas Container Line, part of China’s state-owned Cosco shipping group, said efforts by companies to reduce their dependence on...
August 27, 2023
Container shipping
Global container production falls as demand for goods sinks
...However, Michael Fitzgerald, deputy chief financial officer at the Hong Kong-listed shipping group Orient Overseas Container Line, said earlier this month that the glut at Chinese ports had eased “over the...
May 23, 2023
Disrupted Times
Ships avoid Suez Canal as fear of Houthi attacks lingers
...UK employers are racing to submit visa applications for skilled staff before new immigration rules kick in that will sharply increase the costs of hiring overseas....
February 12, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Supply chains
Red Sea crisis pushes up delivery times for European manufacturers
...Some carmakers relying on rerouted vessels for components have already felt the impact, with Tesla in Germany, Volvo Cars in Belgium and Suzuki in Hungary halting certain vehicle production lines....
February 1, 2024
Sexual misconduct allegations
Shipping industry concern mounts over bullying and sexual harassment
...When the subsidiary of the world’s second-biggest container shipping company was sued over the incident last year, it was seen as a wake-up call for shipping lines....
October 15, 2023
Travel
The smartest way to the slopes: skiing by Venice Simplon-Orient- Express
...In 1976, James Sherwood, an American-born London-based shipping container magnate, bought the Cipriani hotel in Venice and began buying 1920s and 1930s Orient Express carriages....
January 7, 2023
The Big Read
Will Xi’s manufacturing plan be enough to rescue China’s economy?
...In 2021, in what is now regarded as a landmark moment, Beijing imposed its “three red lines” on real estate companies to address skyrocketing leverage in the property sector....
March 27, 2024
Disrupted Times
Rare bright spot for Rishi Sunak as UK inflation tumbles
...Copper is set to be the best-performing industrial metal of the year as a string of production disruptions squeezes supplies of the commodity used in everything from power lines to cars....
December 20, 2023
News in-depthAdani Group
Gautam Adani’s ties with India’s Narendra Modi spur scrutiny of overseas deals
...When the Adani Group broke ground on a new container terminal at Colombo port late last year, it was a win not just for the Indian conglomerate but for the government in New Delhi that hoped to extend influence...
February 23, 2023
LexAssociated British Foods PLC
ABF/Primark: fast-fashion group enjoys shopping’s speedy recovery Premium content
...The half-year operating profit is likely to be in line with last year’s, even though group sales are more than a fifth ahead — or 16 per cent at constant currency....
February 27, 2023
FT Magazine
How Silicon Valley’s ‘Oppenheimer’ found lucrative trade in AI weapons
...Inside, the latest experiments are being worked on in aircraft hangar-sized warehouses — a blast-proof, satellite-clad shipping container and a desert-camouflage all-terrain vehicle, covered in sensors....
March 28, 2024
FIFA Men's World Cup
World Cup briefing: Final whistle blows for Qatar’s shortlived stadiums
...The first temporary stadium in World Cup history could yet have a second life. Organisers have promised to dismantle it, pack it up, put it on a ship and reassemble it overseas....
December 5, 2022
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
News in-depthHong Kong economy
Hong Kong reopens with post-Covid charm offensive
...“This is in line with [Chinese president] Xi Jinping’s recent travels,” the person said, referring to Xi’s visit to Saudi Arabia in December....
February 9, 2023
News in-depthNikkei Asia
Cosco: China’s shipping giant expands its global influence
...One of its subsidiaries also operates at the heart of Kaohsiung Port, Taiwan’s busiest port, after Cosco Shipping’s $6.3bn takeover of Hong Kong-based Orient Overseas International Ltd (OOIL) in 2018, whose...
May 24, 2022
CMA CGM SA
French shipping group CMA CGM buys Los Angeles container terminal
...its takeover of Neptune Orient Lines, a Singapore-based shipping carrier....
November 3, 2021
Personal Finance
Six key issues for expats returning to the UK
...keep it overseas....
August 12, 2022
Trade Secrets
Could easing chokepoints in US ports just be wasting money? Premium content
...MSC, the world’s second-largest container shipping line, runs a container terminal in Long Beach through its terminals business....
November 11, 2021
News in-depthCryptocurrencies
Crypto miners in Kazakhstan face bitter winter of power cuts
...In a livestream interview on YouTube in October, he had warned that the company was “under some stress” because it had invested in building new containers and farms before it became aware of the energy shortages...
November 25, 2021
News in-depthChina Huarong Asset Management Co Ltd
Pressure builds to resolve fate of Chinese bad debt manager Huarong
...Great Wall and Orient, along with Cinda and Huarong, make up the quartet of bad debt managers....
June 27, 2021
The Weekend Essay
Fact and fiction: the lessons of Ryszard Kapuscinski
...For Salman Rushdie, there was the city of crates that piles up in the streets of Luanda in Another Day of Life as Europeans decant their lives into containers before fleeing Angola’s civil war....
January 7, 2022
The Big Read
Britain’s winter blues: ‘Christmas shortages are now a certainty’
...“Shipping lines are asking for three weeks’ notice to collect a container, and major ports are just close to full capacity....
October 1, 2021
The Big Read
China and Big Tech: Xi’s blueprint for a digital dictatorship
...“Fostering innovation is still a top-line priority for Beijing,” says Kendra Schaefer, head of tech policy research at Trivium China, a consultancy in Beijing....
September 7, 2021

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