Niche Norwegian shipping lender hunting for new business as it remains unscathed by pandemic
Finance
Hunter Group plans shareholder payout as it confirms VLCC sales
Norwegian shipowner says it has agreed to offload two tankers for a combined $168.4m
Pareto auctioning OSV duo as banks seek to recover $267m
Construction ships linked to Singapore’s Coastline Maritime to be sold in the US in December
The shipping dollar called — and it was ringing from an Oslo number
While nobody was paying attention, the foreign exchange has made Norway a bargain for global shipping businesses
PBoC looks to the future, Making way for digital cash
PBoC looks to the future, Making way for digital cash
Thursday 29 October 2020 – Vol.11 Ed.44.4
Commentary: PBoC looks to the future
By Geoffrey Yu in London
The People’s Bank of China’s new governing law includes various changes and one important constant. The PBoC’s financial stability responsibilities remain unchanged. However, the proposal introduces ‘macro-prudential management’, as well as terms that have become familiar since the 2008 financial crisis, such as ‘stress test’ and...
https://www.allaboutshipping.co.uk/2020/10/29/pboc-looks-to-the-future-making-way-for-digital-cash/
Prologis completes largest-ever sale of logistics warehouses in the UK
San Francisco-based Prologis Inc. (NYSE: PLD) announced that it has completed the largest-ever portfolio sale of logistics warehouses in the U.K.
In a Wednesday evening press release, the world’s leading logistics real estate investment trust reported the sale of 22 stand-alone buildings totaling 4.3 million square feet to real estate funds managed by New York-based The Blackstone Group (NYSE: BX).
The price tag was 473 million pounds (U.S. $618 million).
The properties were acquired by Prologis...
Echo smashes estimates, reporting record revenue and volume
In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by 23.2% year-over-year to $691.5 million.
That smashed the consensus estimate of $608 million and was $76.5 million more than the upper limit of guidance provided by management in the second-quarter earnings release, largely driven by substantial volume growth in...
https://www.freightwaves.com/news/echo-smashes-estimates-reporting-record-revenue-and-volume
Company probe clears Antonello of wrongdoing while at Golar LNG
Golar LNG launched the investigation after Brazilian authorities began looking into an alleged bribery scheme spearheaded by the former executive
Prologis sees logistics space in short supply by early 2021
A tightening logistics warehouse market could lead to a shortage of space as soon as early 2021, according to a new logistics real estate report from Prologis Inc. (NYSE: PLD)
The San Francisco-based real estate investment trust’s research team concluded the uptick in demand for logistics space was centered on three primary catalysts: Increased confidence has boosted demand for leasing; the macro data suggests consumer consumption and COVID-19 can coexist; and there is improved visibility on the...
https://s29755.pcdn.co/news/prologis-sees-logistics-space-in-short-supply-by-early-2021
Cleaves suspends Scorpio Bulkers coverage as Jefferies cuts estimates
Shift from bulkers to wind-farm vessels causing a stir among analysts