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Showing results for SCHAEFFER et al v. TSAKOS SHIPPING AND TRADING SA
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...The small group of billionaires at the pinnacle of French business that includes LVMH boss Bernard Arnault and corporate raider Vincent Bolloré has lately had to make room for a new kid on the block: shipping...
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...The boss of shipping giant AP Møller-Maersk has warned it could take months to reopen the crucial Red Sea trading route, risking an economic and inflationary hit to the global economy, companies and consumers...
...A US hedge fund is seeking to reverse a high-profile deal between Frontline, controlled by shipping magnate John Fredriksen, and one of Belgium’s oldest shipping dynasties....
...Since the start of the year, ships entering EU ports have had to pay for the emissions on their journey under the bloc’s emissions-trading scheme....
...emissions trading scheme (ETS) from January....
...Shares in Copenhagen-listed Maersk fell more than 13 per cent in early trading on Thursday....
...Shipping magnate Rodolphe Saadé is expanding his media holdings in France by buying news channel BFM TV and RMC radio station from fellow billionaire Patrick Drahi....
...BUY: [AAPL, GOOGL, AMZN, MSFT, TSLA, FB, NVDA, JNJ, BRK-B, JPM, V, PG, UNH, MA, INTC, ADBE, HD, VZ, DIS, NFLX, PYPL, CRM, XOM, CMCSA, CSCO, PEP, ABBV, ABT, BAC, KO, T, MRK, NKE, NVAX, TMO, WMT, CVX, PFE,...
...Troost is the highest-profile figure in energy trading, outside of Russian oligarchs and officials, to be targeted directly by western sanctions....
...Some rival shipping groups including AP Møller-Maersk have suspended the Red Sea route linking Europe and Asia....
...The Marseille-based transport group, the world’s third biggest container shipping company, will also give up its seat on the board of Air France-KLM....
...CMA CGM, the French shipping group, last month agreed to buy the company for 450p a share in a recommended bid....
...Richard Matthews, research director at shipbroker Gibson, said “we have seen hardly any tankers scrapped” since the invasion of Ukraine, which prompted western governments to impose restrictions on trading...
...The abandonment of the bid is a setback for CMA CGM’s efforts to develop a stronger logistics function to complement its core shipping business....
...An extra 8 per cent in container shipping capacity was likely to come online in 2024, similar to last year’s levels, the company said....
...Last month, NWBO and its Reddit fans were rebuffed by a Manhattan court, which granted Citadel et al’s motion to dismiss the case. But there was a sting in the tail....
...The price of CO₂ allowances under the EU emissions trading system has halved since February 2023, to just €52/tonne....
...Companies trading commodities such as iron ore and grain have threatened legal action and sought to alter contract terms to pressure shipowners to use the Suez Canal route, which is more dangerous, but also...
...A pricier passage to Europe One day a shock from geopolitical or natural causes will arrive and do serious damage to the global trading system....
...Shipping companies that operate into and out of EU ports were included in the emissions trading scheme — which forces emitters to buy permits for excess emissions — since the start of this year....
...Hong Kong’s deepwater port at the heart of the Pearl River Delta has long made it a desirable trading gateway to the greater China region....
...French business: Rodolphe Saadé, head of shipping group CMA CGM, has been on a €35bn deal spree that has thrust him and his family’s company into the spotlight....
...“The Red Sea shipping route is of great importance to Chinese merchant ships,” Yin said....
...Wincanton’s shares were trading at 297p on January 18 before the announcement of CMA CGM’s initial, 450p-a-share offer....
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