The container and dry bulk markets are seeing improvement thanks to high levels of vessel scrapping and an uptick in demand, but prospects for the tanker segment are less encouraging, according to a recent research report from the credit ratings agency.
Agility’s Q1 profits, revenues rise
The global logistics provider posted a net profit of 14.6 million Kuwati dinars (U.S. $47.9 million) on revenues of KD 320.5 million for the first quarter of 2017.
Genco Shipping & Trading’s revenues surge 83% in Q1
The New York-based dry bulk carrier attributed the strong revenue growth to higher spot market rates achieved by the majority of the vessels in its fleet, which were partially offset by the operation of fewer vessels.
Bahri, Hyundai Heavy to partner on ‘big data’ initiative
Logistics provider Bahri and South Korean shipbuilder Hyundai Heavy Industries have signed a memorandum of understanding to collaborate on “big data” and technological innovation in the maritime industry.
MACY’S AND KOHL’S BOTH MISS EXPECTATIONS IN Q1
Macy’s and Kohl’s both released Q1 reports, and the results continued to show how difficult retail is, at all tiers.
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“FRESH” IS STORY’S LATEST THEMED POP-UP
Freeling fresh? Retail concept shop STORY certainly is! Its latest revamp-the-entire-store theme is “Fresh,” created in partnership with Jet.com. While many of the curated products focus on food and wellness, cute items like strawberry handbags and banana-print shoes made the offerings as chic as any of the retailer’s fashion pop-ups. Besides, …
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NRF ANNOUNCES LATEST RETAIL IMPORTS STATS
With unemployment at its lowest level in a decade and the economy adding jobs, retailers expect shoppers to continue to increase their spending
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WONDER WOMAN FEVER CAPTURES A FEMINIST ZEITGEIST
Cue the accessories licenses! The Wonder Woman movie hits theaters June 2nd, capturing the mood for women’s empowerment and strong female characters.
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ZIM narrows losses in Q1 2017
The Israeli ocean carrier reported a net loss of $6.4 million for the quarter compared with a $56.3 million loss in first quarter 2016.
A.P. Moller-Maersk ups profit, revenues in Q1
However, the Danish shipping conglomerate’s ocean carrier subsidiary, Maersk Line, recorded a $66 million loss for the quarter.