Category: 3. Business

  • NorthStandard appoints new Head of Asia Pacific to drive strategy for growth | NorthStandard

    NorthStandard has announced Michael Hustler as its new Head of Asia Pacific, in an appointment which reinforces the global marine insurer’s focus on growth, service expansion and diversification in the region.

    With a formal start date of 27 October, Mr Hustler brings 16 years of Claims and Underwriting with NorthStandard to his new role – most recently as Head of Underwriting, Asia Pacific. As Head of Asia Pacific, he replaces David Roberts, who will leave NorthStandard in February 2026.

    Located in Singapore, Mr Hustler will take responsibility for NorthStandard’s day-to-day business operations across the Asia Pacific region, working closely with local teams to deliver and develop services to members. He will also ensure regional initiatives align with the club’s overall priorities, reporting to NorthStandard Chief Strategy Officer, Ed Davies.

    “Mike’s risk management expertise and understanding of member needs have been making a vital contribution to growing our Asia Pacific presence and relationships, while our underwriting strategy across the region has benefited significantly from his leadership,” said Mr Davies.

    “I am thrilled to take on this role at such a crucial time in the development of NorthStandard’s services in the Asia Pacific region. I look forward to playing my part in the continued growth of NorthStandard’s market-leading services” added Mr Hustler.

    North Standard operates from nine locations across Asia Pacific with offices in Singapore, Tokyo, Imabari, Shanghai, Seoul, Hong Kong, Melbourne, Brisbane and Nelson.

    Jeremy Grose, Managing Director, NorthStandard, commented: “Matching the ambitions of Asia Pacific economies is pivotal for future success in P&I, FD&D and specialist marine insurance lines.

    Mike’s appointment reflects our commitment to drive forward with our strategy to grow and serve these dynamic and diversified needs. We have an exceptionally talented team in the region, delivering outstanding service and the collaborative approach to grow member engagement.”

    ENDS 

    NorthStandard logo  

    Michael Hustler – Image

    About NorthStandard: 

    NorthStandard is one of the leading providers of global marine insurance products and services across the maritime industries. Established through the merger of North P&I Club and the Standard Club in February 2023 and ‘A’ rated by S&P Global, NorthStandard has premium revenues exceeding US$886 million, free reserves of US$800 million and mutual pool tonnage surpassing 270 million GT. 

    From headquarters in the UK and with offices throughout Europe, Asia and the Americas, NorthStandard offers a unique blend of worldwide presence and class-leading expertise across multiple specialist areas, including P&I, FD&D, War Risks, Strike & Delay, Hull and Machinery and ancillary insurance. Its Sunderland Marine and Coastal & Inland divisions also provide cover for owners’ fixed premium P&I, fishing vessels, inland waterway and coastal trading vessels. NorthStandard’s comprehensive local market and sector knowledge is underpinned by continuous investments in market-leading digital technologies.

    NorthStandard is a leading member of the International Group of P&I Clubs (IG) and is fully committed to upholding the shared objectives of its 12 independent member clubs, which provide liability cover for approximately 85% of the world’s ocean-going tonnage. 

    For more information: 

    Rob McInally 
    Global Director (Marketing & Communications) 
    NorthStandard 
    +44 191 232 5221 / +44 7795267546 
    rob.mcinally@north-standard.com 

    Debbi Bonner 
    Managing Director
    JLA Media
    +31 652 630122
    debbi.bonner@j-l-a.com 

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  • Norwegian Cruise Line Holdings Ltd. (NCLH)

    Norwegian Cruise Line Holdings Ltd. (NCLH)





    This 8-year collaboration positions both companies at the forefront of the energy transition within the cruise and maritime sectors

    MIAMI, Oct. 20, 2025 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) and Repsol today announced a landmark 8-year agreement to supply renewable marine fuels at the Port of Barcelona, establishing an unprecedented long-term relationship within the cruise industry.

    Beginning in the 2026 European season, Repsol will offer a portfolio of renewable fuels, including biofuels and, from 2029, renewable methanol, directly to NCLH’s vessels across its cruise brands—Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises—when calling at the Port of Barcelona.

    “This partnership is an excellent example of how cross-industry collaboration can unlock meaningful progress,” said Harry Sommer, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “Securing long-term access to renewable marine fuels at a key European port aligns directly with our Sail & Sustain® program and demonstrates our commitment to advancing towards a more sustainable future.”

    “This milestone agreement highlights that renewable fuels are ready to play a key role in reducing the carbon footprint of the maritime sector. By partnering with NCLH, one of the world’s leading cruise companies, we show that renewable fuels are already deployable at scale to immediately start reducing emissions at sea,” said Juan Abascal, Repsol’s Executive Managing Director for Industrial Transformation and Circular Economy.

    The agreement between NCLH and Repsol was established based on the changing international regulatory environment and both companies’ pursuit of Net Zero by 2050. All fuels provided under the agreement are certified under the ISCC EU framework and meet the standards necessary to support NCLH’s environmental compliance and decarbonization roadmap.

    The renewable methanol will be produced at Repsol’s Ecoplanta facility in Tarragona (Spain), a pioneering project in Europe to transform urban waste into renewable fuels and circular products, adding a solution for reducing CO₂ emissions in the transport sector, while at the same time promoting the circular economy. The new plant—set to begin operations in 2029— will have the capacity to process up to 400,000 tons of municipal solid waste per year and turn them into 240,000 tons of renewable fuels and circular products. NCLH is the first company to sign an offtake agreement for renewable methanol from the Ecoplanta facility.

    This alliance underscores NCLH’s commitment to advancing low-carbon fuel solutions and supporting the circular economy, while maintaining operational flexibility and cost efficiency across its fleet. It also directly supports the company’s global program, Sail & Sustain®, a company-wide initiative focused on reducing greenhouse gas intensity, investing in innovative fuel solutions, and fostering collaboration across the value chain. As part of its 2026 “Charting the Course” targets, the company is working to achieve a 10 percent reduction in GHG intensity by 2026 and 25 percent by 2030.1

    Renewable fuels are central to Repsol’s strategy to supply solutions to cut CO₂ emissions across all transport sectors. They are an already available alternative for decarbonizing current and future vehicles, without the need to change engines or modify existing distribution and refueling infrastructures. In Cartagena (Spain), the company operates the region’s first renewable diesel and SAF plant (250,000 t/year), and it is building a second plant in Puertollano (200,000 t/year), due in 2026. Next year, it will also start operations at its synthetic fuels demo plant in Bilbao. The company supplies renewable diesel at over 1,300 service stations in Spain and Portugal, aiming for 1,500 by year-end, making it one of the largest 100% renewable fuel networks in Europe. Repsol is also the Iberian Peninsula’s leading supplier of SAF, supporting aviation decarbonization and compliance with the EU’s 2% mandate.

    About Norwegian Cruise Line Holdings Ltd.
    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. With a combined fleet of 34 ships and more than 71,000 Berths, NCLH offers itineraries to approximately 700 destinations worldwide. NCLH expects to add 13 additional ships across its three brands through 2036, which will add over 38,400 Berths to its fleet. To learn more, visit www.nclhltd.com.

    About Repsol
    Repsol is a multi-energy company capable of meeting all its customers’ energy needs, both at home and on the move. The company currently employs 25,000 people in over 20 countries and serves 24 million customers. The company is transforming its industrial complexes on the Iberian Peninsula into multi-energy hubs capable of processing a wide variety of feedstocks and waste materials. These will be used to produce low-carbon products, such as 100% renewable fuels. To learn more, visit www.repsol.com/en.  

    Cautionary Statement Concerning Forward-Looking Statements
    Some of the statements, estimates or projections contained in this press release are “forward-looking statements” within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including statements regarding NCLH’s Sail & Sustain program, sustainability goals and initiatives, may be forward-looking statements. Many, but not all, of these statements can be found by looking for words like “expect,” “goal,” “project,” “plan,” “believe,” “will,” “may,” “estimate,” “intend,” “future” and similar words. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. For a discussion of these risks, uncertainties and other factors, please refer to the factors set forth under the sections entitled “Risk Factors” and “Cautionary Statement Concerning Forward-Looking Statements” in NCLH’s most recently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the United States Securities and Exchange Commission. These factors are not exhaustive and new risks emerge from time to time. There may be additional risks that we consider immaterial or which are unknown. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we expect to operate in the future. These forward-looking statements speak only as of the date made. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.

    _____________________________________
    1
    GHG intensity is measured by MTCO2e on a per Capacity Day basis. The targets cover NCLH’s emissions from its fleet of ships, islands and facilities (Scopes 1 & 2) as well as upstream fuel- and energy-related activities, including well-to-tank emissions (portion of Scope 3). Capacity Days is defined as berths available for sale multiplied by the number of cruise days for the period for ships in service.

    NCLH Media: nclhmedia@nclcorp.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b680c492-9f09-4145-b79e-cce1e55031cf

    REPSOL x N. Aqua – NCLH

    Repsol will offer a portfolio of renewable fuels, including biofuels and, from 2029, renewable methanol, directly to NCLH’s vessels across its cruise brands.

    Source: Norwegian Cruise Line Holdings Ltd.

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  • Citrobacter spp. bloodstream infection primarily affects the elderly either hospitalized or closely associated with health care – a population-based observational study with comparisons between C. koseri and the C. freundii complex | BMC Infectious D…

    Citrobacter spp. bloodstream infection primarily affects the elderly either hospitalized or closely associated with health care – a population-based observational study with comparisons between C. koseri and the C. freundii complex | BMC Infectious D…

    BSI episodes and baseline characteristics

    During the study period, there were 554 episodes of Citrobacter spp. BSI in 525 patients. In total, eighteen patients each experienced two episodes of CBSI, four patients had three episodes of CBSI and one patient had four episodes of CBSI. The most common species was Citrobacter freundii complex (47%, n = 261), followed by Citrobacter koseri (42%, n = 233) and Citrobacter non-freundi complex, non-koseri (11%, n = 60). The median age of the included patients was 77 years (range 0-100), and 70% of the patients were men (n = 374). The median CCI was 6 (range 0–15) and 28% (n = 146) of patients were considered immunocompromised (Table 1). Out of all 534 episodes of CBSI, complete medical records were available for 537 episodes (97%).

    Table 1 Baseline characteristics and clinical determinants of included patients. All percentages calculated on available data

    The incidence of Citrobacter koseri increased during the study period

    The age and sex-standardized incidence rate of Citrobacter spp. BSI increased from 3.4 episodes per 100 000 person-years in 2013 to 4.9 episodes per 100 000 person-years in 2023 (Fig. 1).

    Fig. 1

    Incidence of Citrobacter spp. during the study period. EASR = estimated age- and sex standardized rate. CI L = Confidence Interval Low. CI H = Confidence Interval High

    The increase was not statistically different from zero, with an APC of 3.2 (95% CI: -0.2% to 6.6%) for the entire study period. Separated into species, the crude rate of Citrobacter koseri and Citrobacter freundi complex increased from 0.9 to 1.9 in 2013, to 2.1 and 2.1 in 2023, respectively (Table A1). While the increase in crude incidence of Citrobacter freundi complex BSI was not statistically different from zero (APC of 2.74 95%CI: -2.3% to 8.1%), the crude incidence of increase of Citrobacter koseri during the study period was statistically significant (APC of 7.56 95%CI: 4.6% to 10.6%). Most BSI occurred in ages 75–84 years (Figure A1).

    Microbiological findings and antimicrobial resistance

    Resistance rates were statistically significantly higher for Citrobacter freundii compared to Citrobacter koseri for all antimicrobials compared, apart from gentamicin (Table A2). For Citrobacter freundii, resistance rates were 15% (n = 40) for ceftazidime, 7% (n = 18) for ciprofloxacin, 11% (n = 28) for piperacillin-tazobactam, 8% (n = 20) for trimethoprim/sulfamethoxazole and 1% (n = 6) and 2% (n = 9) were resistant against gentamicin and tobramycin, respectively. For Citrobacter koseri, 0.4% (n = 1) strains were resistant towards ciprofloxacin, 2% (n = 4) towards piperacillin-tazobactam and 1% (n = 2) towards trimethoprim/sulfamethoxazole. No strains were resistant towards ceftazidime, gentamicin or tobramycin. No carbapenem-resistant strains were found in the study.

    In total, 38% (n = 208) of the BSI episodes were polymicrobial, with 306 pathogens other than Citrobacter detected. The most common microbiological findings in polymicrobial blood cultures other than Citrobacter spp. were Enterococcus spp. (32%, n = 66), Klebsiella spp. (25%, n = 51) and Escherichia coli (24%, n = 49) (Table 2).

    Table 2 Microbiological findings in polymicrobial BSI other than Citrobacter species

    Citrobacter bloodstream infection is most often associated with urinary tract infection

    According to the medical records, the most common etiology of Citrobacter BSI was urinary tract infection 48% (n = 245). Urine cultures were obtained in 404 (73%) of BSI episodes, of which 373 (92%) were acquired prior to antimicrobials had been initiated. Out of all 404 urine cultures, 187 (46%) were positive for Citrobacter spp. Primary BSI constituted 24% (n = 134) of all Citrobacter BSI, after which intraabdominal source of infection was common 19% (n = 95) (Fig. 2).

    Fig. 2
    figure 2

    Infection sources for Citrobacter BSI. UTI = urinary tract infection. PBSI = primary bloodstream infection. IRFM = infection related to a foreign material (portacath, central venous catheter or orthopaedic prosthesis). EGEI = endocarditis/graft/endograft infection

    Citrobacter bloodstream infection is associated with healthcare

    In total, fever at blood culturing or within 48 h was present for 387 (70%) episodes and patients reported shivers in 252 (46%) episodes. The median NEWS score when blood cultures were obtained was 4 (range 0–18), the median CRP value was 108 mg/L (range < 4-563) and the median leukocyte count in blood was 12.9 109/L (0.1–92) (Table 1). In nine episodes (2%) of Citrobacter BSI, patients were managed as outpatients, whereas hospitalization was required for all other BSI episodes. In total, 197 (36%) Citrobacter BSI were community acquired, 81 (15%) episodes were nosocomial and 255 (46%) were health care associated (Fig. 3). The median length of stay at hospital was 8 days (range 0-680).

    Fig. 3
    figure 3

    Mode of acquisition of Citrobacter BSI

    Outcome

    Out of all 554 Citrobacter BSI episodes, septic shock was seen in 25 (4%) episodes and in 38 (7%) episodes patients required intensive care. The 30-, 90-, 180- and 365-days mortality rates were 12%, 18%, 23% and 25%, respectively (Table 3). Although the 90-, 180- and 365-day mortality rates were significantly higher for C. freundii-complex BSI compared to C. koseri BSI, there was no statistically significant difference in mortality rates between C. freundii complex BSI compared to C. koseri BSI in the Kaplan-Meier estimator (Fig. 4). There was no statistical difference in all-cause mortality within 90 days between patients with one episode of Citrobacter spp. BSI (19%) and patients with two or more episodes (22%, p = 0.74).

    Table 3 Outcome of Citrobacter spp. BSI. ICU = intensive care unit
    Fig. 4
    figure 4

    Kaplan-Maier estimates of mortality in C. freundii complex and C. koseri BSI. p = 0.09

    Differences in patient characteristics between BSI due to C. freundii complex and C. koseri

    There were no differences in age, CCI-score, rate of immunosuppression or substance abuse between patients with BSI caused by C. freundii complex and C. koseri. However, a greater proportion of men suffered from C. koseri BSI compared to C. freundii-complex BSI (p = 0.01). The rate of polymicrobial BSI (p = 0.0001) as well as BSIs with abdominal source of infection (p = 0.03) were greater for C. freundii complex compared to BSIs due to C. koseri. Patients with C. koseri BSI had to a greater extent UTI symptoms (p = 0.005), positive nitrite dipsticks (p = 0.006), and analogous Citrobacter species cultured in the urine (p = < 0.0001) compared to patients with BSI due to C. freundii complex (Table 4).

    Table 4 Differences in clinical characteristics between patients with C. freundii complex and C. koseri

    Univariate and multivariate analysis of variables associated with mortality within 90 days

    In the univariate model, female sex, higher CCI score, immunosuppression and longer duration of hospitalisation was associated with death within 90 days of Citrobacter BSI, as was lack of UTI symptoms and non-community acquired infection (Table 5).Similarly, primary BSI and abdominal focus was significantly more common in patients that died within 90 days. In the multivariate model, higher Charlson comorbidity index, immunosuppression, higher CRP, and a urinary tract focus, were independently associated with 90 days mortality, while age, sex, septic shock, polymicrobial culture and fever were not (Table 6).

    Table 5 Univariate logistic regression model
    Table 6 Multivariate analysis of variables associated with mortality within 90 days

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  • Secret Cinema company is bought by Hollywood power broker | Business

    Secret Cinema company is bought by Hollywood power broker | Business

    The parent company behind Secret Cinema, the London-based immersive film and TV business, has been bought by the Hollywood power broker Ari Emanuel.

    TodayTix, which is changing hands for an undisclosed sum, marks the latest acquisition by Emanuel’s new global events company, Mari, which bought the Frieze global art fair and publishing group in May for $200m (£148m).

    Mari is backed by Apollo Global Management and RedBird Capital Partners, which has invested in the football clubs Liverpool FC and AC Milan and is trying to push through a deal to buy the Telegraph newspaper group.

    Emanuel already runs the company behind World Wrestling Entertainment and the Ultimate Fighting Championship.

    TodayTix will now join the fold, after being bought from Great Hill Partners, a private equity company which took a controlling stake in the business in 2019.

    TodayTix had its start selling theatre tickets for Broadway and West End shows. It later branched out to New York-based events including a supper club in Times Square and concerts in Brooklyn, before buying Secret Cinema in a $100m (£88m) deal in 2022.

    Secret Cinema is best known for its mystery screenings at undisclosed venues, involving sets and interactive performances. It also has deals with Disney and Netflix to create immersive experiences for shows including Guardians of the Galaxy and Stranger Things.

    Brian Fenty, who founded TodayTix with fellow Broadway producer Merritt Baer in 2013, told the Guardian the takeover followed an “incredibly competitive” bidding process and said Mari’s ownership would create opportunities for the Secret Cinema producer and Emanuel’s other ventures.

    Mari will benefit from access to 20 million TodayTix members and Fenty said his company could expand ticketing options to sports and art venues.

    He said: “As a single venue, for example, you only market to people who have bought from you before, whether or not they want to see that type of programming again. And in our case … we’re able to look at how people are behaving across a wide array of events and types of shows.”

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    Emanuel has acquired tennis assets including the Miami Open and Madrid Open tournaments from Endeavor this year. He stepped down from Endeavor after it was bought by the private equity company Silver Lake earlier this year but remains executive chair of its Hollywood talent agency.

    Fenty will remain chief executive of TodayTix and will join Mari’s executive team.

    TodayTix employs about 200 staff, with half based in London. “We are big believers that the UK and London can be sort of the pole market from which to build many of these brands and events,” said Fenty, who moved his family from New York to London during the pandemic.

    When asked whether he had any concerns about tax changes in the budget next month that could hit consumer spending on live events, Fenty replied: “I’m an entrepreneur. So I hope that the UK continues to create a great home for entrepreneurs and the arts, and I hope that the budget does nothing to take away from that.”

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  • Commerce Introduces BigCommerce Payments Powered by PayPal

    Commerce Introduces BigCommerce Payments Powered by PayPal

    New embedded payment service will deliver seamless merchant experience, advanced BNPL options, and a unified balance dashboard, launching for US merchants in 2026.

    AUSTIN, Texas — October 20, 2025 — Commerce, (Nasdaq: CMRC), an open, intelligent ecosystem of technology solutions and the parent company of BigCommerce, today announced a new embedded payment processing solution available exclusively to BigCommerce merchants. Powered by PayPal (Nasdaq: PYPL), BigCommerce Payments is slated for a U.S. launch in 2026, with international expansion planned in subsequent phases.

    This strategic expansion builds on more than a decade of close partnership between Commerce and PayPal, marking a new chapter in their collaboration. Through this optional co-branded integration, merchants will gain access to advanced payment capabilities, simplified account management, and buy now, pay later (BNPL) via PayPal’s Pay Later offering, all seamlessly managed within the BigCommerce Control Panel.

    “Commerce is thrilled to extend our longstanding partnership with PayPal and work together on this new payments solution,” said Travis Hess, CEO at Commerce. “BigCommerce Payments represents a major step forward in creating a seamless and simplified intelligent commerce experience for Commerce merchants. By embedding PayPal’s trusted payment solutions directly into our platform, we will give merchants more control, visibility and flexibility to grow their businesses with confidence.”

    “Together with Commerce, we’re not just addressing the needs of today’s merchants, we’re empowering them to seize the future with confidence and agility,” said Michelle Gill, Executive Vice President and General Manager, Small Business & Financial Services, PayPal. “By bringing together PayPal’s world-renowned reliability, security and global reach with Commerce’s merchant-focused platform, we’re helping merchants thrive in the next era of ecommerce.”

    The BigCommerce Payments architecture is built to ensure transparency and merchant ownership. While BigCommerce Payments is co-branded and embedded into BigCommerce, the merchant’s payment relationship remains directly with PayPal. BigCommerce Payments will introduce a dedicated “Money” dashboard within the BigCommerce Control Panel, offering merchants direct access to manage and monitor their payments and balance activity. Features include:

    • Real-time balance insights
    • Top-ups and payouts
    • Bank and card connections
    • Currency management

    This embedded experience will mirror key capabilities of the merchant’s PayPal dashboard, providing a streamlined experience where merchants can manage their payments along with the rest of their business through a single portal and reducing the need to toggle between multiple systems. For more advanced settings, the BigCommerce Payments settings page will provide direct access to the PayPal dashboard.

    In coordination with PayPal, BigCommerce will enable the migration of existing merchants currently utilizing PayPal Complete Payments (PPCP). These merchants will receive personalized communications, offering them the option to seamlessly transition to BigCommerce Payments.

    About Commerce

    Commerce (Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Harvey Nichols, King Arthur Baking Co., Mizuno, Perry Ellis, Puma, SportsShoes, and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit commerce.com or follow us on X and LinkedIn.

    About PayPal

    PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.

    BigCommerce®, the Commerce logo, and other brands are the trademarks or registered trademarks of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owner.

    ###

    Media Contact:

    PayPal: MediaRelations@paypal.com

     


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  • WFW advises MPCC on strategic fleet modernisation

    WFW advises MPCC on strategic fleet modernisation

    Watson Farley & Williams (“WFW”) advised shipping company MPC Container Ships ASA (“MPCC”) on the order of two 1,600 TEU container ships and related eight-year charter agreements with a renowned shipping liner company.

    The contracts for the two high-cube container-optimised newbuilds were signed with the Fujian Mawei Shipyard in China, with the total investment amounting to US$66m. Delivery of the two vessels is scheduled for the second half of 2027. MPCC also holds options for further units, enabling future scalability in line with market opportunities.

    The new vessels feature a highly advanced, fuel-efficient design optimised for operations in Northern Europe and its narrow fairways, whilst offering further efficiency advantages, even compared to existing ECO designs in this market segment. The order is part of MPCC’s strategic fleet modernisation programme aimed at increasing energy efficiency and minimising regulatory and environmental risks.

    Oslo-based MPCC is a leading container ship owner with a focus on small to medium-sized vessels. It primarily owns and operates a portfolio of container ships serving regional trade routes under long-term charter agreements.

    The WFW Maritime team that advised MPCC was led by Hamburg Corporate Partner Dr Christian Finnern, supported by Associates Maximilian Hennig and Bjarne Ruthke. Hamburg partner Dr F. Maximilian Boemke advised on regulatory matters, whilst London Partners Joe McGladdery and Charles Buss in advised on English law.

    Christian commented: “It was a pleasure to advise MPCC on this strategic step. The transaction is exemplary for fleet modernisation and market positioning – and at the same time reflects the dynamics of an industry that calls for strategic decisions and legal clarity more than ever. Our maritime transaction expertise enables us to advise on such complex projects in a targeted and forward-looking manner”.

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  • Vestas shelves Polish plant plans as demand wanes – 4C Offshore

    1. Vestas shelves Polish plant plans as demand wanes  4C Offshore
    2. Vestas shelves Polish turbine plant amid weak European demand  Financial Times
    3. Vestas Puts Polish Offshore Wind Turbine Factory on Hold  offshoreWIND.biz
    4. Danish wind turbine giant Vestas suspends plans for major plant in Poland  notesfrompoland.com
    5. Vestas puts planned factory in Poland on hold  MarketScreener

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  • Freightos Reports KPIs for Third Quarter of 2025 Exceeding Management Expectations

    Freightos Reports KPIs for Third Quarter of 2025 Exceeding Management Expectations

    The Company Plans To Report Earnings on November 17, 2025

    BARCELONA, Spain, Oct. 20, 2025 /PRNewswire/ – Freightos Limited (NASDAQ: CRGO), the leading digital freight booking and payment platform for the international freight industry, today reported preliminary key performance indicators for the third quarter of 2025, highlighting the continued industry adoption of digital solutions to enhance efficiency and resilience in global supply chains.

     


    Actuals*

    Management’s Expectations


    Q3 2025

    Q3 2025




    # Transactions (‘000)

    429

    419 – 425

    Year over Year Growth

    27 %

    24% – 25%

    GBV ($m)

    336

    329 – 333

    Year over Year Growth

    54 %

    51% – 53%

    *Numbers are preliminary and subject to change with the full earnings release

    Platform Expansion and Network Growth

    Freightos continued its robust expansion in Q3 2025, achieving the 23rd consecutive quarter of record transactions and reinforcing the platform’s value as the industry’s digital transformation platform connecting global trade participants.

    • Transactions: 429k Transactions in Q3 2025 representing a 27% year-over-year growth, exceeding management’s expectations. The WebCargo platform, connecting carriers and freight forwarders, continued to lead transactions growth, with the carrier portal component delivering high growth rate.
    • Carrier and Buyer Growth: In Q3 2025, 77 carriers were active on Freightos’ platforms with more than five bookings. Newly active carriers this quarter included both flag-carrier belly-cargo operators and niche cargo specialists, with some added through regional GSAs, reflecting the platform’s expanding reach across global and local networks. With most major airlines already connected to the platform, new airline additions are increasingly regional or niche airlines, with further expansion expected as smaller carriers advance their digital readiness. Meanwhile, unique buyer users reached 20,600. This reflected growth in WebCargo users partially offset by some reduction in SMB North American custom clearance users due to market uncertainty.
    • Gross Booking Value (GBV): Carriers and freight forwarders selling on Freightos’ platform derived $336 million of revenue from the platform in Q3 2025, representing a 54% year-over-year increase. The major contributors to GBV growth were WebCargo and the portal, mirroring growth in transactions highlighted by the relatively high GBV per transaction in the portal component.

    “The powerful network effects of our platform are clearly visible in this quarter’s KPIs,” said Zvi Schreiber, CEO of Freightos. “As the leading digital freight booking platform, Freightos creates a virtuous cycle where each new participant – whether carrier, forwarder, or shipper – enhances the value for all others. Our expanding ecosystem enables unprecedented connectivity and efficiency across the global freight landscape, transforming what was once a fragmented, manual process into a streamlined digital experience. This growing adoption confirms our vision that digitization is becoming the new standard in international freight, supporting more efficient world trade.”

    Q3 2025 Earnings Call

    Financial results for the second quarter 2025 will be reported before markets open on November 17, 2025. Freightos’ management will host a webcast and conference call to discuss the results that morning at 8:30 a.m. EDT.

    Information about Freightos’ financial results, including a link to the live webcast, will be available on Freightos’ investor relations website at https://www.freightos.com/investor-news/.

    To participate in the call, please register at the following link: https://freightos.zoom.us/webinar/register/WN_A2xWbYIrRz6lnetBZP8_7Q#/registration

    Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number.

    Questions may be submitted in advance to [email protected] or via Zoom during the call.

    A replay of the webcast, as well as the call’s transcript, will be available on Freightos’ Investor Relations website following the call.

    Glossary

    We have provided below a glossary of certain terms used in this press release:

    • Carriers: Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a calendar quarter.
    • Unique buyer users: Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses.
    • GBV: Total value of transactions on the Freightos platform, which is the monetary value of freight and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue.
    • Transactions: Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit. Sellers of Transactions include Carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them.

    About Freightos

    Freightos® (Nasdaq: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade efficient,  agile, and resilient.

    The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for businesses of all shapes and sizes around the globe. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, WebCargo and 7LFreight by WebCargo for freight forwarders, WebCargo for Airlines, and Clearit, a digital customs broker.

    Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world’s leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping. Futures of FBX are traded on CME and SGX.

    More information is available at freightos.com/investors.

    Contacts

    Media:
    Tali Aronsky
    [email protected]

    Investors:
    Anat Earon-Heilborn
    [email protected]

    Logo – https://mma.prnewswire.com/media/2319256/4496202/Freightos_Logo.jpg 

    SOURCE Freightos

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  • Viet Nam’s labour statistics: From modernization to global alignment

    Viet Nam’s labour statistics: From modernization to global alignment

    Over the past decade and a half, Viet Nam has transformed the way it measures and understands work. From simple employment counts to a comprehensive, internationally comparable system, labour statistics in Viet Nam have become a cornerstone for evidence-based and gender responsive policymaking and sustainable development.

    A decade of transformation and international alignment

    The early 2010s marked a turning point for Viet Nam’s statistical system. Recognizing the growing complexity of the labour market in a rapidly developing economy, the National Statistics Office (NSO) embarked on a far-reaching modernization process.

    The introduction of the Labour Force Survey on a quarterly basis in 2011 was a major milestone. For the first time, Viet Nam could monitor employment trends, unemployment, and labour underutilization in near real time. This shift from annual to quarterly data collection not only improved accuracy but also enhanced the government’s ability to respond to economic shifts and social challenges.

    Viet Nam’s commitment to aligning its data with global standards quickly positioned it as a country with advanced labour statistics. The NSO worked closely with ASEAN partners, the ILO, and international experts to harmonize definitions, methodologies, and indicators. 2025 also marks the fifth year applying 19th International Conference of Labour Statisticians standards advancing Viet Nam’s labour statistics – a move that redefined how employment, work, and labour underutilization were measured worldwide. The adoption of internationally comparable labour market indicators allowed Viet Nam to contribute actively to global databases and to monitor progress toward the Sustainable Development Goals, particularly Goal 8 on decent work and economic growth.

    This progress has made Viet Nam one of the few developing countries in Asia capable of producing timely, high-quality and gender responsive labour statistics that meet global comparability standards – an achievement widely recognized by international partners.

    Data responding to quick changes in the labour market

    The true value of a robust statistical system often becomes clear in times of uncertainty. When the pandemic struck in 2020, Viet Nam’s quarterly LFS and well-trained statistical network proved essential. Within months, the NSO was able to produce special reports capturing the pandemic’s impact on jobs, income, and informal employment – data that guided targeted government interventions and social support measures.

    Among the most important advances – and clear examples of how labour statistics in Viet Nam have kept pace with a rapidly changing labour market – are the explicit measurement and reporting of informal employment and the pilot measurement of digital platform work. Recognizing that more people are doing work mediated by digital platforms – whether ride-hailing, delivery, freelancing, or online provision of services – Viet Nam has begun exploring how to capture this in its labour statistics. This pilot work positions Viet Nam as one of the first countries in Asia to take early steps in capturing the platform economy in official labour data.

    This proactive approach shows that Viet Nam’s statistical system is not only robust, but also responsive and forward-looking, ensuring that data remain relevant and timely in reflecting the evolving world of work.

    Digital transformation and innovation

    In recent years, Viet Nam has continued to push forward with digital transformation in data collection and analysis. The NSO has introduced computer-assisted personal interviewing (CAPI), expanded the use of administrative data, connecting with other databases. The NSO also starts to introduce artificial intelligence to some stages of data management. Noticeably, artificial intelligence has been applied to data cleaning and automatic classification of data. These innovations improve not only the quality of data but also the efficiency of the whole statistical system responding timely to the rise of the digital age. 

    Felix Weidenkaff, Officer-In-Charge of the ILO Viet Nam participates in the Commemorative Ceremony and High-Level Forum in Viet Nam for World Statistics Day

    Looking ahead

    As Viet Nam moves toward a digital and knowledge-driven economy, the demand for high-quality, timely, and disaggregated labour data will continue to grow. The NSO’s ongoing efforts to modernize surveys, apply artificial intelligence in data processing, and enhance data integration are laying the groundwork for the next generation of labour statistics.

    The success of Viet Nam’s labour statistics rests on strong partnerships with national and international organizations. Together, these partners have worked to strengthen the technical capacity of national statisticians, improve data dissemination, and promote the use of statistics for informed decision-making. Viet Nam has also become an active contributor to regional and global discussions on labour measurement, sharing experiences that inspire neighbouring countries.

    On this World Statistics Day, Viet Nam’s achievements remind us that statistics are not just numbers – they are a foundation for understanding people’s lives, shaping fairer policies, and building a more inclusive future. As the world marks this day under the global theme of Driving Change with Quality Statistics and Data for Everyone, Viet Nam’s progress in labour statistics stands as a vivid example of that vision in action – ensuring that every number tells a story, and every story helps build a stronger nation.

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  • BD Launches New AI-enabled Solutions to Drive Connectivity Across Healthcare Settings

    BD Launches New AI-enabled Solutions to Drive Connectivity Across Healthcare Settings

    BD Launches New AI-enabled Solutions to Drive Connectivity Across Healthcare Settings

    FRANKLIN LAKES, N.J., Oct. 20, 2025 /PRNewswire/ — BD (Becton, Dickinson and Company) (NYSE: BDX), a global leader in medical technology, introduces the BD Incada™ Connected Care Platform, a new scalable, AI-enabled, cloud-based platform that unifies BD device data into one intelligent ecosystem for the first time. The BD Incada™ Platform is available now with the launch of the next-generation BD Pyxis™ Pro Automated Medication Dispensing Solution, creating enterprise-wide visibility and connectivity that transforms data into actionable insight.  

    “Our vision for the BD Incada™ Platform is to go beyond legacy connectivity to create meaningful connections across devices from infusion pumps to patient monitors to pharmacy robotics, and unify data from those solutions into one ecosystem, transforming data into clear, actionable insights for care teams,” said Bilal Muhsin, EVP and President of BD Connected Care. “These launches represent key milestones in BD’s Connected Care strategy, where we are uniquely positioned with our broad portfolio from pharmacy to bedside, to leverage game-changing technology to drive meaningful benefits for our customers.”

    AI-powered analytics to drive smarter, faster decisions

    Built on Amazon Web Services’ (AWS) on-demand cloud computing infrastructure, the BD Incada™ Platform leverages the latest in AI technologies, such as natural language search in analytics, and is scalable to meet the data volumes created by nearly 3 million smart connected BD devices. With Analytics in the BD Incada™ Platform, data from BD’s leading medication management solutions now flows through a secure, cloud platform and enables:

    • Enterprise-wide visibility into medication inventory, which helps clinicians identify patterns and ensure medication availability, reduce medication waste and improve labor efficiency
    • The ability to ask natural language questions and receive AI-powered insights and analytics on demand
    • User-customizable dashboards that empower frontline clinical teams to act on insights quickly

    Flexible, secure storage to get the right medication to the right patient, faster

    The new BD Pyxis™ Pro Dispensing Solution delivers smarter, more secure medication storage, which enables faster access at the point of care. The first-of-its-kind flexible, stackable device configuration offers more medication storage capacity to improve medication availability from refrigerated to ambient storage. The BD Pyxis™ Pro Dispensing Solution allows hospitals and health systems to easily adapt to the evolving needs of their patient populations, with features including:

    • Expanded capacity in a similar footprint, enabling clinicians to add up to 538 multi-access or 98 secure pockets without taking more space in their medication rooms
    • Enhanced security features to improve controlled substance management and medication safety efforts
    • More efficient access, with RFID badge scanning, wireless barcode scanners and illuminated bins to streamline medication retrieval

    “For over 35 years, the BD Pyxis™ System has been the backbone of medication management across hospitals and health systems, with more than 9.8 million transactions on BD Pyxis™ devices every day,” said Connor Bates, Worldwide President for Medication Management Solutions at BD. “With the enhanced secure capacity, durability and AI-powered analytics of the next-generation BD Pyxis™ Pro Dispensing Solution, we’re ushering in a transformative new era for medication management.”

    Together, the BD Incada™ Platform and BD Pyxis™ Pro Dispensing Solution sets a new standard for unified, data-driven healthcare operations.

    About BD
    BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics, and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its more than 70,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians’ care delivery process, enable laboratory scientists to accurately detect disease and advance researchers’ capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiency, improve safety, and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/, X (formerly Twitter) @BDandCo or Instagram @becton_dickinson. 

    Contacts:
                                                                

    Media

    Investors:

    Fallon McLoughlin                                                   

    Adam Reiffe

    Director, Public Relations                                         

    VP, Investor Relations

    201.258.0361                                                           

    201.847.6927

    fallon.mcloughlin@bd.com                                       

    adam.reiffe@bd.com       

     

    BD (Becton, Dickinson and Company) Logo (PRNewsfoto/BD (Becton, Dickinson and Company))

    SOURCE BD (Becton, Dickinson and Company)


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