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Shipping firm CMA CGM to impose emergency surcharge at Cape Town port
Companies

Shipping firm CMA CGM to impose emergency surcharge at Cape Town port

  • From July 1 until further notice, it will impose a surcharge of $550 for 20-foot containers and reefers and a $1,100 surcharge for 40-foot containers and reefers.
  • Port congestion at Cape Town is currently increasing our operational costs and generating severe service disruption for weeks.
Published Jun 30, 2020 06:09pm
Indus Motor Company appoints Mohamed Ali R. Habib as Chairman
Companies

Indus Motor Company appoints Mohamed Ali R. Habib as Chairman

  • Furthermore, the IMC Board also appointed Muhammad Hyder Habib as Director with effect from June 26, 2020, to fill the casual vacancy in place of Ali S. Habib.

  • The Board also appointed Noriaki Kurokawa as director to fill the casual vacancy in place of Tadao Nasu.

Updated Jun 30, 2020 03:33pm
UK watchdog says Wirecard making progress on addressing concerns
Companies

UK watchdog says Wirecard making progress on addressing concerns

  • Several UK fintech firms have been forced to suspend services following the FCA's restrictions on Wirecard.
  • We cannot lift the restrictions without reassuring ourselves that the firm has been able to satisfy all our concerns for example that all clients' money is safe.
Published Jun 29, 2020 05:56pm
BHP puts Australian thermal coal mine up for sale
Companies

BHP puts Australian thermal coal mine up for sale

  • BHP's Mt Arthur open cut mine, in the Hunter Valley region of New South Wales, supplies thermal coal used as fuel for power plants.
  • BHP previously said that the thermal coal business is a very small part of their portfolio, contributing about 3% of tu
Updated Jun 24, 2020 04:54pm