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November 6, 2009
Zim bail-out approved by narrow vote
...the world’s fastest-growing shipping lines came within a handful of votes...shareholder meeting were published. Israel Corporation told the Tel Aviv stock exchange that...seek emergency funds from Israel Corporation and the Ofer brothers, its controlling...s two main container lines – Hanjin and Hyundai Merchant Marine – have...originally demanded – from Israel Corporation under the rescue deal. It will also... By Robert Wright in London
November 28, 2009
Books of the year
...giant but invisible corporation, so big...to ride a Saturn V or walk on another...Bank of Scotland et al? This...Lane, £25 The co-chairman...with Public Image Ltd and latter years...making history by co-founding RKO, home...by Bertram Group Ltd, please go to... Introduction by Rosie Blau
August 7, 2009
Asian shipping lines suffer heavy blow
...International, parent of the OOCL shipping line, announced a $232m net loss for the first half, while Korea’s Hanjin Shipping incurred a $516m net loss. The...Korean government agency set up to help shipping lines. Hanjin operates the world’s 10th-largest... By Justine Lau in Hong Kong and Robert Wright in London
April 9, 2008
Asian shipping
The shipping boom has created some unlikely sailors, private equity firms...the recent softening, tell a similar tale. Korea’s Hanjin Heavy Industries and owner/operator Pacific Basin are up...unlikely to match 2007, given the US slowdown. On supply, shipping bulls counter that there will be sizeable slippage between...
November 25, 2008
Shipping groups make major capacity cuts
The world’s two largest container shipping alliances on Tuesday announced major...announcements mark an unprecedented level of co-operation between lines as they struggle...Kawasaki Kisen Kaisha and Korea’s Hanjin – said it was cutting capacity on...the arrangement. Unlike most forms of shipping, container lines run scheduled...containers. Philip Damas, director of liner shipping at London-based Drewry Shipping Consultants... By Robert Wright in London
January 29, 2010
Full text: Obama vs House Republicans
...tax loopholes that reward companies for shipping American jobs overseas...House, the Senate, different offices, et cetera, different legislators...this bill, H.R.3400, that has more co-sponsors than any health care bill in... By
July 7, 2009
Korean state fund to buy ships
Some of Korea’s best-known shipping companies are offering to sell significant...state-run Korea Asset Management Corporation as they struggle to raise cash to...conditions improve. Reports said Hanjin Shipping, a leading operator of container...according to the reports. Container shipping, the heart of both companies’ businesses... By Song Jung-a in Seoul and Robert Wright in London
January 27, 2010
Notes from inside
...year. I know you have the ear of the Pope, Obama, Lakshmi et al, but I ask you humbly to let this be strictly “off the record...comSUBJECT: Elephant in my blog! Darling F – Spoke to Seth who is v optimistic but says we must keep it hush hush for now as extremely...conmail.com on 26/01/10TO: Max.Lukes@hotmail.co.ukSUBJECT: Bigger than the Birmingham Six Max, basically in a...the hold-up? Can’t you tell them that Bill and Lakshmi et el are waiting for me? And why do they need a “consultation...
June 4, 2009
New data send Asian markets lower
...Financial rising 1.3 per cent to Y622. Shipping stocks declined in spite of the Baltic...06 in Hong Kong and Pacific Basin Shipping losing 5.9 per cent to HK$5.78...per cent to T$18.65 and in Korea, Hanjin Shipping fell 7.4 per cent to Won19,550... By Lindsay Whipp in Tokyo and Xi Chen in Hong Kong
January 21, 2010
Starbucks earnings jump as sales increase
Starbucks attributes its revenue growth to a 4% increase in same-store sales Starbucks posted strong earnings of $242m on Wednesday...uncertainty about the future of the US economy. Starbucks also had certain one-time expenses from that... By Greg Farrell in New York