ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported a fourth-quarter FY22 sales decline of 37% year-on-year to $2.19 billion, beating the consensus of $2.11 billion. The company attributed the r...
Tag: Shipping
Norwegian Cruise Line Misses Earnings Estimates. The Stock Is Falling.
Norwegian Cruise Line Holdings stock tumbled Tuesday as the company posted a wider-than-expected loss and provided disappointing guidance for 2023. Cruise operator Norwegian (ticker: NCLH) posted an a...
Meet The Startup That’s Putting Ice Factories In Shipping Containers For Winn-Dixie Supermarkets
Ice is heavy and hard to transport. That’s why Relocalize plans to make it in shipping container factories near its customers, starting with Southeastern Grocers. getty Canadian startup Relocali...
Rising Freight Rates Put The Wind In The Sails Of Hong Kong Shipping Mogul Helmut Sohmen
This story appears in the February/March 2023 issue of Forbes Asia. Subscribe to Forbes Asia ss This story is part of Forbes’ coverage of Hong Kong’s Richest 2023. See the full list here. ss Hong Kong...
Norfolk Southern’s stock extends selloff, and one analyst turns bullish
Shares of Norfolk Southern Corp. have fallen enough — when compared with those of other railroad operators and the broader stock market — to create a “compelling entry point” for investors, according ...
Container Shipping Gets Digital
The Digital Container Shipping Association, a Dutch non-profit comprising nine big carriers including Maersk, MSC, Hapag-Lloyd and Yang Ming, has gotten all members to agree to standardize on electron...
6 Tips For Wooing Back Lost Retail Customers
Here are six ways to win back lost customer love. getty Seven in 10 relationships reportedly fail within the first year. Are retail-customer relationships any better? This is the right time of the yea...
‘Patience will be rewarded.’ Here’s why Wall Street is not panicked over Amazon’s earnings slump.
Amazon.com Inc.’s worst annual loss ever was triggering a gentle gallop toward the exits among investors on Friday, but Wall Street analysts were stoic, urging patience on the long-term value offered ...
This Robot Electric Cargo Plane Could Be The Start Of A Wave That Transforms Shipping
Pyka’s autonomous electric Pelican cargo carrier is an adaptation of a plane it developed for crop spraying. The Oakland-based startup sees it as a step on the road to developing a zero-emission...
Shipping Platform Freightos Goes Public in SPAC Deal
Online freight booking platform Freightos Ltd. started trading shares publicly on Thursday through a merger with a special-purpose acquisition company, just as the booming shipping demand that helped ...
Hellbiz hires same company used by Genius Group to combat illegal short selling
Shares of Hellbiz Inc. HLBZ, +109.13% soared 41.3% in midday trading Monday, and have more than doubled in two days, after the e-scooters and e-bicycles provider said it hired Shareholder Intelligence...
UAE’s Masdar Seeks Early Mover Advantage In Emerging Market For Green Hydrogen
Green hydrogen made using renewable energy could play a key role in decarbonizing the global … [+] economy. getty Over the past decade and a half, Abu Dhabi’s Masdar has built itself into one of...
Judge Orders Cruise Companies to Pay More Than $436 Million for Docking at Seized Terminal in Cuba
Four major cruise lines say they will appeal a recent ruling that would force them to pay roughly $436 million in total damages to a company that owned a port terminal in Havana prior to the Cuban Rev...
Shipping Stocks – ZIM Stock Price Plunges into Pacific Ocean (52-Week Low)
Zim’s stock price hit an 18-month low of $16.23. Investors have been seeing bearish weekends for the past five weeks in a row. ZIM, Zim Integrated Shipping Services Limited, is doing poorly so far. Th...
Warren Buffett jumps into local politics to fight Omaha streetcar project
OMAHA, Neb. — Billionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it’s t...
Carnival stock is suffering its worst year on record, but looks ‘overly compelling’ to this analyst
Shares of Carnival Corp. have had a really bad year, even worse than the pandemic year of 2020. And that’s what makes Stifel Nicolaus analyst Steven Wieczynski believe the stock is now “overly compell...
QuantumScape starts shipping EV battery prototypes
In this photo illustration the QuantumScape logo is seen on a smartphone and a pc screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Electric vehicle battery startup QuantumScape said Tu...
FedEx and Nike earnings will hold vital hints on holiday-shopping strength
After investors raced for the exits following their last earnings reports, package-deliverer FedEx Corp. and athletic-gear maker Nike Inc. will try it again. And they’ll offer important reads on deman...
DOJ Files Lawsuit Against Arizona For Building Shipping Container Border Wall
Topline The Department of Justice accused Arizona Gov. Doug Ducey (R) and state officials of trespassing on federal lands by building a wall of shipping containers along the state’s border with Mexico...
After weathering pandemic storm, cruise-line stocks offer upside, says Stifel
Like the rest of the travel industry, cruise operators have weathered a pandemic-related storm over the last couple of years, but they now deserve attention from investors, says analyst firm Stifel. “...