Page 8 - Al-Rashed Newsletter July 2020

SHIPPING WORLD
DID YOU KNOW?
In 2006, a Coca-Cola employee offered
to sell Coca-Cola secrets to Pepsi. Pepsi investors this year. They include its joint venture with Toronto-based insurer
responded by notifying Coca-Cola.
There were two AI chatbots created by
Facebook to talk to each other, but they The logistics and industrial sector proved the region’s most resilient in the second
were shut down after they started
communicating in a language they made
for themselves.
SHIPPING NEWS
DP World tipped to buy out Shreyas Shipping and Logistics and a 60% stake
in South Korean Unico Logistics
Dubai-headquartered DP World is being tipped to buy Shreyas Shipping and
Logistics and freight forwarder Avana Global Logistek. Shreyas has 13 Indian-
flagged ships in its fleet and would represent the third feeder outlet DP World has
bought in recent years, going alongside Scandinavian Unifeeder and
Singapore’s Feedertech.
Global port operator DP World is set to increase its presence in the freight
forwarding and logistics sector, agreeing to acquire 60% of South Korean firm Unico
Logistics for an undisclosed sum. DP World said it had begun seeking regulatory
clearances and expected the deal to be completed in the fourth quarter of this
year.Unico Logistics is one of South Korea’s largest NVOCCs and has particular
focus on the automotive vertical. It has also been a heavy user of the Asia-Europe
rail services.
Danish electric ferry Ellen has successfully completed 10 months of sea trials,
with an energy efficiency rating of 85 per cent.
The sound of ferries chugging their way through the world’s coastal waterways
could become a thing of the past.In August 2019, the electric ferry Ellen began
making regular 40 kilometre return-trips between two Danish Baltic islands. Having
successfully completed 10 months of sea trials, Ellen could now pave the way for
the wider adoption of electric shipping. There has already been a shift toward using
hybrid diesel-electric engines in ships, but Ellen is powered by a fully-electric
drivetrain. The e-ferry is almost 60 metres long and its 4.3 megawatt motor propels
it at speeds between 24-28 kilometres per hour. Assuming it was powered by 100%
renewable electricity, Ellen would reduce carbon emissions by 2,250 tonnes of CO2
per year.
Global investors plough into Asian logistics properties as demand for online
delivery food surges amid Covid-19 crisis
Institutional investors, insurance giants and sovereign wealth funds are rapidly
increasing their investments in logistics properties in China and the wider region as
an e-commerce boom and a rise in demand for online food delivery and groceries
bolster demand for warehouse space, according to industry players.
ESR, a logistics real estate platform with total assets under management of more
than US$22 billion, covering about 17 million square metres of space in Asia, has
announced about US$2 billion in new investments via partnerships with global
Manulife, which has around US$900 billion of assets under management globally.
quarter.Rental growth remained positive in Shanghai and Sydney and was largely
stable in Singapore, Beijing, Sydney and Melbourne, according to JLL’s research
report on July 20. But office and retail leasing were subdued, with rents falling in the
second quarter, it said.
Source : Splash24x7, Theloadstar.com, Theprint.in, Yahoo News