Star Bulk follows up March borrowing with three new loan deals
Finance
Expeditors International expands digital offering in Fleet Logistics deal
Expeditors International (NASDAQ: EXPD) announced that it is purchasing the digital platform of Fleet Logistics.
The Seattle-based international freight forwarder said the acquisition will support its less-than-truckload (LTL) shipping platform, Koho.
Transaction terms were not disclosed.
“As we have said, we will continue to invest in technology and people. This acquisition extends the services within our Digital Solutions division and evidences our commitment to making investments in our...
Ardmore shares soar 13% amid new merger speculation
Major private equity investment said to be behind movement
https://www.tradewindsnews.com/finance/ardmore-shares-soar-13-amid-new-merger-speculation/2-1-815027
Scorpio Tankers welcoming another ‘baby’ to its bond family
Giant product tanker owner puts another debt piece in motion shortly after retiring earlier issuance
Ardmore shares soar 18% amid new merger speculation
Major private equity investment said to be behind movement
https://www.tradewindsnews.com/finance/ardmore-shares-soar-18-amid-new-merger-speculation/2-1-815027
Will USPS survive the tanking of its direct mail revenue?
All has not been well with the U.S. Postal Service (USPS) since the COVID-19 outbreak. Since March, it has curtailed international services in over 100 markets across the world.
While this contributed to a slide in revenue, the USPS faces a real crisis within its bulk mail and advertising segment – its primary revenue source. A dramatic fall in its main revenue stream has led to a state of alarm within the logistics major, as the USPS will battle insolvency later this year if it fails to receive...
https://www.freightwaves.com/news/will-usps-survive-the-tanking-of-its-direct-mail-revenue
Ardmore shares soar 16% amid new merger speculation
Major private equity investment said to be behind movement
https://www.tradewindsnews.com/finance/ardmore-shares-soar-16-amid-new-merger-speculation/2-1-815027
Pacific International Lines confirms bailout talks with state-owned Temasek
Troubled Singapore liner company in talks with offshoot of state-backed company over investment
‘Dreadful week’ for VLGCs as rate plunge reaches 63%
Collapse is faster than expected, with more drops to come as spread works against LPG carrier owners
https://www.tradewindsnews.com/gas/dreadful-week-for-vlgcs-as-rate-plunge-reaches-63-/2-1-814683
Bonderup in at Thornico as operator reveals more bankruptcies
Former XO Shipping boss replaces CEO Christian Stadil’s father Thor as shipping chairman as it reorganises operations