Norway-listed Jinhui Shipping & Transportation Ltd. (JIN.OS), a ship owner, charter and investment company, Tuesday warned that it expects to record a significant decline in first quarter net profit compared to last year after experiencing weak demand and low freight rates.
MAIN FACTS:
-By Dominic Chopping; Dow Jones Newswires
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The frequency of cable incidents in the Baltic Sea has been "exceptional" in recent years, but state actors have more effective ways of performing underwater sabotage than by dragging anchors, Finland's intelligence service chief said.
U.S. President Donald Trump is expected to decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids.
CMA CGM Group posted 2024 results broadly similar to those of AP Møller Maersk (APMM), but warned of a difficult year to come. As usual, however, the French shipping group, which has now integrated Bolloré Logistics into its Ceva subsidiary, did not provide full transparency into its numbers.
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