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Search resuls for: "National Shipping Company"


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Spirit Airlines , JetBlue – Spirit plunged more than 38% following a report from The Wall Street Journal that the discount airliner is considering filing for bankruptcy. Shares of peer airline firm JetBlue, which was previously in talks to merge with Spirit, advanced nearly 6%. Zim Integrated Shipping Services – The international shipping company's stock fell more than 9% after U.S. dockworkers and the United States Maritime Alliance agreed to a tentative deal to end the strike on the East Coast and Gulf Coast ports. CVS Health – The company's shares added 1.5% as it is considering breaking itself up and undergoing a strategic review of its business. Chubb – The insurance company slipped more than 1% after Bank of America downgraded shares to underperform from neutral.
Persons: Hapag, Lloyd, Rivian, Chubb, SilverCrest, , Jesse Pound, Brian Evans, Hakyung Kim, Pia Singh, Michelle Fox Theobald Organizations: Spirit Airlines, JetBlue, Wall Street Journal, Food and Drug Administration, Zim Integrated Shipping Services, U.S, dockworkers, United States Maritime Alliance, CVS Health, CVS, Bank of America, SilverCrest Metals, Coeur Locations: East Coast, Gulf Coast
The dissolved calcium carbonate then reacts with the CO2 in the water to form bicarbonate salts, locking the CO2 away. Adkins says that with a full-scale reactor, he aims to capture and store about half of a ship’s CO2 emissions. BAR Technologies/Cargill French company Airseas has developed the Seawing, which it says could help ships cut their carbon emissions by an average of 20%. A British company called Seabound, for example, makes a device that captures between 25% and 95% of a ship’s CO2 emissions. “We think that ships are actually going to be able to compete with underground CO2 storage,” he said.
Persons: it’s, Jess Adkins, , Adkins, ” Adkins, Calcarea, Melissa Gutierrez, Pierre Forin, geochemist Will Berelson, Will Berelson, Airseas, Maxime Horlaville, Norsepower, Daniel Sigman Organizations: CNN — International, International Maritime Organization —, UN, California Institute of Technology, Caltech, University of Southern, USC, British Port Association, Cargill, BAR Technologies, de Bordeaux, Michelin, Norsepower, Anemoi, Technologies, Geophysical Sciences, Princeton University Locations: University of Southern California, Port of Los Angeles, Norway, Nantong, Vancouver, British
A vessel has been seized by "regional authorities" between the United Arab Emirates and Iran, maritime security agencies said on Saturday, days after Iran warned it could close the area to sea traffic. UK Maritime Trade Operations (UKMTO) said the vessel had been seized 50 nautical miles (92 km) northeast of the Fujairah, an area close to the Strait of Hormuz that forms the entrance to the Gulf. Marine tracking sites said the vessel was the MSC Aries of Zodiac Maritime, an international shipping company partly owned by Israeli businessman Eyal Ofer. Reuters could not immediately confirm that and UKMTO said it could not provide more information when asked if the regional authorities were Iran and if the seized vessel was MSC Aries. The United States and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.
Persons: Eyal Ofer, UKMTO, Islamic Revolutionary Guards Corps Alireza Tangsiri, Abraham, Joe Biden Organizations: United Arab, Maritime Trade Operations, ., MSC Aries, Zodiac Maritime, Zodiac, MSC, Islamic Revolutionary Guards Corps, Israel, Abraham Accords, Revolutionary Guards Locations: United Arab Emirates, Iran, Hormuz, U.S, UAE, United States, Gaza, Israel, Lebanon, Syria, Iraq, Yemen, Syria's, Damascus, Tehran, Yemen's Iran, Britain
American Airlines — The airline stock added 1.5% following an upgrade to buy from neutral at Citi. "North America's network carriers' diversified revenue streams and solid demand for premium cabin offerings appear to provide them with superior positioning in this post-pandemic environment," wrote analyst Stephen Trent. Builders FirstSource — The building materials manufacturer edged 2% higher following an upgrade to buy from neutral at Bank of America. ZoomInfo Technologies — The software stock popped 5.5% after Bank of America analyst Koji Ikeda upgraded it to buy from neutral. "We believe it is a classic self-help story that is set to outperform," the analyst wrote, underscoring the company's revenue growth reacceleration and new AI products as potential catalysts.
Persons: Stephen Trent, Flywire, Morgan Stanley, Omar Nokta, Hershey, Wells, Steven Cahall, , Cowen, Rafe Jadrosich, Julien Dumoulin, Smith, FactSet, Koji Ikeda, McGrath RentCorp — McGrath RentCorp, CNBC's Michelle Fox, Alexander Harring, Sarah Min, Jesse Pound Organizations: JPMorgan, American Airlines —, Citi, Zim Integrated Shipping Services —, Jefferies, Warner Bros, Bank of America, Bloom Energy, Koninklijke Philips —, Food and Drug Administration, Technologies, WillScot Mobile Locations: Albemarle, Netherlands
HUNTINGTON BEACH, Calif. (AP) — Federal officials on Tuesday recommended increasing the distance from undersea pipelines that vessels are allowed to anchor in Southern California, citing a 2021 oil spill they said was caused by ships whose anchors were dragged across a pipeline after a storm. The agency's board members recommended that authorities increase the safety margin between ships anchored on their way to and from the ports of Los Angeles and Long Beach and undersea pipelines in the area. Political Cartoons View All 1283 ImagesThey also urged vessel traffic services across the country to provide audible and visual alarms to those tasked with keeping watch when anchored vessels near pipelines. The recommendations as well as several others followed a nearly four-hour hearing on the spill, one of the largest in Southern California in recent years. A message was also left for the Port of Long Beach.
Persons: Andrew Ehlers, , Organizations: , National Transportation Safety, MSC Danit, NTSB, Port, Marine Exchange, U.S . Coast Guard, Surf Locations: HUNTINGTON BEACH, Calif, Southern California, Houston, Huntington Beach, Beijing, Los Angeles, Long, Port of Los Angeles, Port of Long Beach, Danit
July 30 (Reuters) - Saudi Arabia's stock market ended lower on Sunday, extending losses from the previous session on profit-taking, while the Egyptian index ended five sessions of losses. Saudi Arabia's benchmark index (.TASI) dropped 0.5%, weighed down by a 2.5% fall in Riyad Bank (1010.SE), while Saudi Awwal Bank (1060.SE) retreated 3.8%. On the positive side, National Shipping Company of Saudi Arabia (4030.SE) advanced more than 4% after posting a sharp rise in second-quarter net profit. In Qatar, the index (.QSI) gained 0.5%, led by a 2.7% rise in petrochemical maker Industries Qatar (IQCD.QA). ($1 = 3.7505 riyals)Reporting by Ateeq Shariff in Bengaluru Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.
Persons: Ateeq, Christina Fincher Organizations: Saudi, Riyad Bank, Saudi Awwal Bank, National Shipping Company, Industries Qatar, Eastern Company, Thomson Locations: Saudi, Saudi Arabia, Qatar, Ateeq Shariff, Bengaluru
The Federal Reserve is seen raising its benchmark rate a quarter of a percentage point next week and again in May. Most Gulf currencies are pegged to the dollar, and Qatar, Saudi Arabia and the United Arab Emirates usually mirror any monetary policy change in the United States. But the index's gains were limited by a 1.5% fall in oil giant Saudi Aramco (2222.SE) as the stock went ex-dividend. The Qatari benchmark (.QSI), however, traded 0.2% lower, dragged down by a 5.8% slide in utility firm Qatar Electricity and Water Co (QEWC.QA) as the stock went ex-dividend. Reporting by Ateeq Shariff in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Oct 23 (Reuters) - Saudi Arabia's stock market ended higher on Sunday, in response to rising oil prices and strong earnings, while the Qatari index retreated amid falling natural gas prices. Post trading hours, the company reported a quarterly net profit of 269.9 million riyals ($71.82 million), up from 18 million riyals a year ago. Saudi National Bank (<1180.SE>), the country's biggest lender, inched 0.3% higher, after posting a net profit of 4.725 billion riyals ($1.26 billion) in the quarter, up from 3.98 billion riyals a year earlier. read moreThe Qatari index (<.QSI>) fell 0.5%, hit by a 1.1% fall in petrochemical maker Industries Qatar (<IQCD.QA>). "The commodity could extend losses as production outpaces expectations and warm weather limits demand, putting more pressure on the stock market," he said.
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