Hedge fund makes second raid on Greek lender’s non-performing portfolio
Finance
Norwegian watchdog orders Havila to re-examine vessel impairments
Shipowner recorded $20m of provisions regarding its fleet value in first half of 2020
Draghi and Italy future depends on Berlusconi, outlook for European sovereign borrowing
Draghi and Italy future depends on Berlusconi, outlook for European sovereign borrowing
Wednesday 5 January 2022 – Vol.1 Ed.1.1
Commentary: Draghi and Italy future depends on Berlusconi
By Antonio Armellini in Rome
Veteran populist Silvio Berlusconi appears a credible candidate as Italy’s next president. He faces possible conviction in impending trials over various alleged misdemeanours. This juxtaposition underlines the quirky nature of Italian politics. And it explains why financial markets and...
Blume Global acquires procurement tech company LiveSource
Cloud-based logistics company Blume Global announced Tuesday it has acquired supplier sourcing and procurement technology company LiveSource for an undisclosed amount.
Blume Global CEO Previnder Johar, who formerly served on the LiveSource board of directors, plans to leverage the company’s database of logistics providers servicing manufacturing facilities in North America, Europe and Asia in order to improve Blume’s existing suite of solutions.
“Blume is focused on supply chain orchestration....
https://www.freightwaves.com/news/blume-global-acquires-procurement-tech-company-livesource
SM Line takes $14m position in rival HMM as ‘investment’
South Korean boxship company spends money after pulling IPO in November
Schneider adds dedicated fleet in $263M deal
Schneider (NYSE: SNDR) announced Tuesday it has acquired dedicated truckload carrier Midwest Logistics Systems (MLS) at an enterprise value of approximately $263 million.
Ohio-based MLS operates a fleet of 900 tractors throughout 30 central U.S. locations. The company generated $205 million in annual revenue ($170 million excluding fuel surcharges) for the 12-month period ended Sept. 30. It has approximately 1,000 drivers and support staff of 170. No margin information was provided but the deal...
https://www.freightwaves.com/news/schneider-adds-dedicated-fleet-in-263m-deal
Owners raised $11bn of capital in 2021 but analysts sound bond price warning
Fearnley Securities says there is downside risk after active year in capital markets
Fredriksen sheds almost entire 10% stake in Solstad Offshore
Tycoon left with only 0.14% of offshore shipping company after share deals
Dry guys rule: bulk carrier and container ship stocks dominate 2021
How one low-profile owner won the US equities sweepstakes, while tanker shares did better than you might think
GLOBAL & REGIONAL DAILY (Tuesday January 4 2022)
GLOBAL & REGIONAL DAILY (Tuesday January 4 2022)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
January 4 2022
Global Markets
Positive risk sentiment prevails, keeping sovereign bond markets under pressure. In FX, the EUR/USD moved back below 1.13 as interest rate differentials remain a key driver for major exchange rates.
Greece
On Covid-19, Greece is seeing a big spur of infections with the 7-day average daily cases standing at 30,073 from 6,615 one week earlier, prompting the...
https://allaboutshipping.co.uk/2022/01/04/global-regional-daily-tuesday-january-4-2022/