ATLANTA, Georgia – Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released its April report on the ongoing global shipping crisis and analysis for logistics and supply chain professionals. The report shows stronger U.S. ocean container import volumes in March, but reduced wait times at top U.S. ports. However, China’s COVID lockdowns combined with recent geopolitical conflict suggest there may be continuing levels of...
Structural reforms required to safeguard democratic future
By Sunil Sharma and William White
Macroeconomic stabilisation policies cannot address the deep structural problems that confront the economies of many advanced democracies. Indeed, pretending that they can poses a threat to democracy itself as a worsening economic reality increasingly disappoints popular expectations. To confront this political vulnerability, actual policies must be improved, but popular expectations must also become more...
Strong revenue and backlog growth
Improved EBIT and cash flow
NOTE: SEE ATTACHED PDF for KEY FIGURES
Mark Heine, CEO: “We experience...
https://allaboutshipping.co.uk/2022/04/22/fugro-trading-update-q1-2022/
Rentokil Initial has released a trading update covering the three months to end-March. The group’s sales grew by 1.8% to £722m. Strip out the extraordinary contribution from Covid-related disinfection revenues in the prior year and the underlying growth rate was 12.3%. The group was able to recover all of its input cost inflation by raising its own prices, achieving organic revenue growth of 8.0% in the process. The large...
Steve Clayton, HL Select fund manager:
“Stock markets were strong in the USA last night, with the S&P 500 index rising 1.6% and the tech-heavy Nasdaq index jumping 2.2%.
Japan’s Nikkei index rose 0.9%, but the Hang Seng index in Hong Kong dipped 0.3%, taking the lead from a 1.4% slump in the Chinese market.
In Europe markets are trading slightly firmer, with the UK’s FTSE 100 index up 3 points to 7604 in early trade.
Netflix hit the headlines for all the wrong reasons when it released results after...
In this quarterly publication, the NGO Shipbreaking Platform informs about the shipbreaking industry in Bangladesh, India and Pakistan. Providing an overview of accidents that took place on the beaches of South Asia and recent on-the-ground developments, including our activities, we aim to inform the public about the negative impacts of substandard shipbreaking practices as well as positive steps aimed at the realisation of environmental justice and the protection of workers’ rights.
Click here
https://allaboutshipping.co.uk/2022/04/20/platform-publishes-south-asia-quarterly-update-29/
Wednesday, April 20, 2022
Complex FBI enquiry names Monaco resident
The Securities and Exchange Commission has announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco…
Charles Leclerc has 300k watch stolen from wrist
Charles Leclerc became the victim of theft when his custom-made Richard Mille watch was stolen in the Tuscan region of Viareggio in Italy on Monday, April 18…
https://allaboutshipping.co.uk/2022/04/20/complex-fbi-enquiry-names-monaco-resident/
· Ukraine-Russia tensions escalate as Ukrainian President Volodymyr Zelensky says a large-scale Russian offensive is under way in the eastern Donbas region
· The World Bank estimate for global growth in 2022 has been trimmed to 3.2% from a January prediction of 4.1%
· Growing concerns over Chinese lockdowns and slowing global growth means Hong Kong stocks fell steeply. S&P500 and The Nasdaq showing muted reactions so far
· The...
The horrific war in Ukraine is causing tremendous pain to those who remain there and to those who are fleeing—a situation that leaders should continue to support however they can. But recent reports, along with our own analysis, have shown that the war could also trigger a major crisis in our global food system.
As recently as February, the global food market seemed resilient, with producers responding appropriately to price signals in the marketplace. But the war has shaken up that...
https://allaboutshipping.co.uk/2022/04/19/bcg-weekly-brief-on-the-brink-of-a-global-food-crisis/