Press release: “Singapore, 14 January 2019 – CapitaLand Limited (“CapitaLand”) announced today that it has entered into a transaction with Temasek to acquire from its subsidiary, AscendasSingbridge Pte Ltd (“ASB”), all the shares in the two wholly owned intermediary subsidiaries of ASB1 , the effect of which will be to create the largest diversified real estate group in Asia (the “Group”)2 . The proposed transaction (the “Transaction”) is valued at ...
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Press release: “Dubai, UAE, 13 January 2019: Global trade enabler DP World today announces that it has entered into an agreement to acquire 71.3% stake in Puertos y Logistica S.A. (“Pulogsa”) from Minera Valparaiso and other shareholders associated with the Matte Group. Pulogsa is listed on the Santiago stock exchange, and the acquisition will be effected via a tender offer to acquire all outstanding shares of the business. Under the ...
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CNBC reports: “Saudi Arabia’s energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance oil markets in 2019, despite what he described as a slower than anticipated pace by some.”
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CoLoadX‘s Fauad Shariff writes: “Last week, the shipping vessel MSC Zoe lost 270 containers at sea after it was caught in a major storm off the coast of the Netherlands. Among the cargo lost were scores of consumer goods that washed up on the beaches of Dutch and German islands near the spill. Even with the sheer volume of container traffic across the world’s waters, it’s hard to believe that some ...
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MARKETWATCH reports: “As the U.S. government shutdown was about to become the longest on the record and many employees missed their paychecks Friday, U.S. Postal Service workers were roaming around a Las Vegas convention center hocking a smart mailbox.”
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BLOOMBERG reports: “Prices are up more than 20 percent since hitting an almost two-year low in December, enough to alter OPEC+ rhetoric from reassuring investors that it will cut output to taking credit for the rebound, and in the case of Oman, forecasting where oil will trade for the year.”
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Vietnam News reports: “Transactions conducted mainly through intermediaries and ineffective transport businesses have contributed to high logistics costs for Vietnamese enterprises.”
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BLOOMBERG reports: “Megvii, the owner of facial recognition developer Face++, is considering an initial public offering in Hong Kong that could net as much as $1 billion, people familiar with the matter said. Megvii is weighing an IPO to raise between $500 million and $1 billion with Hong Kong as a destination, the people said, requesting not to be named because the matter is private. Deliberations are at an early stage ...
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THE HEISENBERG writes: “We’ve variously marveled at the sheer scope and rapidity of the recent rally in risky credit, both junk and leveraged loans. In fact, the abrupt about-face that’s played out over the course of the last week feels like it’s being driven by something other than the readily identifiable catalysts (e.g., the Fed’s dovish pivot, crude’s surge, dearth of supply). Whatever the case, it’s astonishing – spreads have come ...
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Oilprice.com reports: “Oil is officially back in a bull market as confidence grows over both the global economy and the willingness of OPEC to adhere to its production cut agreement.”
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AirBridgeCargo Airlines, one of the leaders in the transportation
of special cargoes by air, and Jettainer, one of leading international service
partners for unit load devices (ULD) management, have inked a leasing agreement
for the provision of ULDs on short term requirement for transportation of
special cargoes.
AirBridgeCargo Airlines (ABC) has been named ‘Best Performing Newcomer Full-freighter Cargo Airline’ in the BUD Annual Awards at a gala dinner in the Hungarian capital to honour airlines, service providers and retailers which have made the most significant contributions to Budapest Airport’s growth.
AirBridgeCargo Airlines (ABC), one of the major
players in the air cargo market, and CargoHub, the cargo logistics quality and
compliance platform, have solidified their collaboration for the implementation
of the CargoClaims platform. The online tool, which received the IATA cargo
innovation award in 2015, will allow ABC’s customers to manage their claims and
pre-claims requests through a user-friendly online tool available at
www.airbridgecargo.com or ru.cargoclaims.aero.
Globe Air Cargo now proudly represent TUI - please contact sales and reservations to discuss rates and services in further detail. TEL: 0208-7574730. Email: uksales@ecsgroup.aero / ukreservations@ecsgroup,aero
