Australia’s WiseTech Global has entered the merger and acquisition arena with an agreement to buy South Korean customs software provider Ready Korea.
The Sydney-headquartered logistics software developer is set to buy Ready Korea for A$13.2m in cash, followed by a …
Following the recent completion of trial shipments on containerships powered by biofuels, a new report from the Copenhagen-based Sustainable Shipping Initiative (SSI) suggests this fuel type may be of short-term help in shipping’s quest to reduce its carbon emissions.
The …
CNBC reports: “Saudi Aramco, the world’s largest initial public offering (IPO), surged past expectations as it debuted on the country’s stock exchange on Wednesday morning. Shares of the state-owned oil company rose to 35.2 Saudi riyals ($9.38) from 32 riyals …
Seeking Alpha reports: “Bernstein takes it price target on UPS (UPS +0.3%) to $144 (22% upside) from $140 on its view that underlying earnings leverage from the e-commerce business is solid even as pension headwinds mask the progress.”
To read …
IMO member states, legislating for the 0.5% sulphur cap within their territorial waters from 1 January, could go a step further and lower the maximum sulphur content in marine fuel to 0.1%.
This is potentially bad news for carriers opting …
Danish ro-ro and ferry operator DFDS is set to grow its UK-continental Europe road freight offering after finalising the acquisition of Dutch haulier Huisman Group for an undisclosed amount.
The Danish transport group, which sold the majority of its road …
E-commerce platform Jumia, one of Africa’s first ‘unicorns’, is retreating, amid losses.
It has pulled its food and drink delivery service from Rwanda, as of yesterday, and the move follows the closure of its e-commerce businesses in Tanzania and Cameroon …
