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...The statement on behalf of the owners said the vessel was “drifting, well away from land” and that salvage arrangements were being made....
...“As a result of the impact, the vessel suffered limited damage to a cargo hold but is stable and is heading out of the area,” the company said....
...Freight rates have already started falling back from their recent spikes, which peaked well short of the levels they reached during the Covid pandemic....
...The Chicago air cargo manager is sticking to its Core system after losing 207lbs of his 396lbs, saying he does not want to “try to fix something that’s not broken”....
...“I would expect for next year as well, whilst we will not see the heights of [the pandemic] again, I do not think that the air freight market would stay globally depressed,” said Tobias Meyer, chief executive...
...“We are hopeful that the market will further open up in 2025 and we will see others displace Humira as well,” Sandoz said....
...It has a new chief executive in the form of the well-respected Ken Gilmartin. But investors have long memories, argues Jefferies analyst Mark Wilson....
...Banks might as well pay a bit more to get the benefits of long-term bonds. These are safe from redemption by smartphone or customers visiting branches....
...It’s more that leveraged buyouts don’t work so well when the cost of debt doubles. From 2020 to 2022, debt-to-EBITDA multiples on new LBO loans averaged between 6.9x and 7.1x....
...Budget carriers Spirit Airlines and Frontier Airlines, which advertise low base fares but rely more on ancillary revenue than legacy carriers, opposed the rule as well....
...Chinese companies have taken stakes in ports across Latin America, as well as building 5G mobile networks, major roads and bridges and space monitoring stations....
...A stand-off with banker UBS O’Connor over loans secured against his Tellurian stock over the past year stripped him of much of his shareholdings, as well as his yacht and a sprawling luxury ranch in the...
...Cheniere said it has provided 760 LNG cargoes to Europe since Russia’s invasion, or about one in five cargos imported by the region....
...Our leaders would be well advised to pick up the phone and insist on their participation or, perhaps, start selectively protecting ships that don’t include many of their goods....
...While Chinese officials have called the concerns “entirely paranoia”, it’s worth noting that many of the world’s ports, freight carriers and forwarders, as well as some terminals in the US, use a Chinese...
...In the past, dollar stores have done well when times are tough. Penny-pinching shoppers turned to them to save money....
...Rising delinquencies as well as faltering retail sales growth will add to the pressure....
...European carmakers’ shares have held up well in the year to date. Meanwhile, EV specialist Tesla is down 40 per cent....
...e-cargo trike may well be for you....
...As well as zero-carbon fuels for internal combustion engines, some naval architects advocate powering ships with nuclear reactors — a technology used in some submarines and aircraft carriers, as well as...
...Although QatarEnergy has yet to issue a formal statement as to the rerouting of its fleet, sources say the company is seeking out security advice on passage (“Cargo ship hit by missile in Red Sea after new...
...Trading on a total enterprise value 7.7 times forward ebitda on capital IQ data, the chain comes in at a sharp discount to the branded sportswear stablemates as well as US peer Planet Fitness....
...Hibbett’s share of 80 per cent stores with street locations fitted well with JDs other brands in the US, which were predominantly destination stores, said Schultz....
...Consumers in luxury like well-known brands even across otherwise commodified products. This dispute is heralded as a bellwether, but fashion may prove to be a unique sub-market. sujeet.indap@ft.com...
...She said an air cargo terminal would be added in Hai Phong, for example, a northern city home to big factories for Apple suppliers and electric-car maker VinFast, as well as a massive seaport serving trade...
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