Ocean Wilsons sells off Brazilian arm to Mediterranean Shipping Company October 21, 2024 London-listed Bermuda investment company Ocean Wilsons has sold off its Brazilian arm to Mediterranean Shipping Company (MSC) for 4.32bn Brazilian real (£590m). Wilson Sons, which is currently one of the largest port and maritime logistics operators in Brazil, is currently majority owned by Ocean Wilsons with a 56.5 per cent interest. It is also one [...]
DP World: P&O Ferries owner unveils £1bn London Gateway investment following row October 14, 2024 DP World had threatened to cancel the announcement after Transport Secretary Louise Haigh described its subsidiary as a "cowboy operator."
Why London is a ‘very positive’ story for UK shipping October 10, 2024 More than a quarter of the UK's deep sea shipping cargo travels through London Gateway port, with a ramp up in capacity expected this decade.
Braemar: Shipbroker meets expectations despite choppy geopolitical backdrop September 19, 2024 Shipbroker Braemar has traded in line with expectations and “remains confident” of the outlook for the rest of the financial year, it said in an update to investors. The London-listed firm, one of the largest shipbrokers in the UK, said it had “continued to trade well” in since the start of April, when its reporting [...]
‘Extremely frustrated and angry’: Harland & Wolff shareholders despair as buyers circle beleaguered Titanic builder September 18, 2024 The crisis at Harland & Wolff reached a head on Monday when the shipyard revealed it would likely enter administration later this week.
Lessons must be learned from the demise of Harland & Wolff September 17, 2024 Harland & Wolff on Monday declared insolvency following weeks of turmoil since the government refused to provide financial support.
Harland & Wolff to meet with shareholders as administration risk looms September 16, 2024 Troubled shipbuilder Harland & Wolff is planning to meet with shareholders this Thursday following reports that the firm could fall into administration as soon as this week, City A.M. understands.
Titanic shipyard Harland & Wolff at crunch point as administration looms September 15, 2024 It was revealed last week Harland and Wolff may be on the brink of announcing its adminsitration, with a number of bidders circling.
Titanic maker Harland and Wolff’s finance chief leaves company September 11, 2024 The Belfast-based shipyard gave almost no detail in a statement on the London Stock Exchange, but that Raman "had resigned with immediate effect."
Focusrite: Music tech firm’s bottom line hit by shipping and logistical woes August 28, 2024 Shares in UK-based music software company Focusrite plunged 16.7 per cent after it reported that, while demand for its products remains strong, shipping and logistics challenges are squeezing its bottom line. Revenue is expected to come in around £157m, in line with current market expectations, as overall demand for its suite of audio tech products [...]