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- A + A A weekly round-up of tanker and dry bulk market (May 20, 2022) This report is produced by the Baltic Exchange. The Baltic Exchange, a wholly-owned subsidiary of Singapore Exchange, is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 650 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. For daily freight market reports and assessments, please visit www.balticexchange.com . Capesize The Capesize market began the week at the summit of the recent rally. This necessitated a breather before sentiment strengthened, helping it to push up throughout the week and marking new highs for the year. The Capesize 5TC rose +US$4,805 over the week to close at US$37,538. The Pacific region, while easily the premium region to trade currently, was in … [Read more...] about Baltic Exchange shipping updates: May 20

Erica Davis, 37, knew early on that she wanted to be a business owner. Entrepreneurship runs in her family : Her mother owns Carolyn's Creole Kitchen, a catering business, and her real estate agent grandmother owned a laundromat and purchased several homes on one block so that her children could all live in the same neighborhood. "Being an entrepreneur was always in my career path. It was just about me getting the building blocks that I knew I needed to start a successful business. Everything I've done was strategic to get me to where I am right now," says Davis, who currently runs The Sip, an Oakland, California-based wine tasting subscription service. After graduating from the University of San Francisco with a business degree, Davis was accepted into Gap's nine-month Rotational Management Program, which gives participants interdisciplinary leadership training and hands-on lessons in inventory management, merchandising, and customer engagement. "They call it the … [Read more...] about How This Wine Lover Spotted a Market Gap and Turned It Into a Million-Dollar Business

Share to Twitter Share to Linkedin The better part of two or more Russian army battalions—potentially 100 vehicles and more than a thousand troops—in recent days tried to cross a pontoon bridge spanning the Siverskyi Donets River, running west to east between the separatist provinces of Donetsk and Luhansk in eastern Ukraine. Ukrainian artillery caught them at the river bank—and destroyed them. The rapid destruction of around six dozen tanks and other armored vehicles, along with the bridge itself, underscores Russia’s deepening woes as its troops try, and fail, to make meaningful gains in eastern Ukraine’s Donbas region. “We still assess Russian ground force in the Donbas to be slow and uneven,” an unnamed U.S. Defense Department official told reporters on Tuesday. The Russians’ inability to cross rivers might explain their sloth. To be fair, “conducting river-crossings in a contested environment is a highly risky maneuver,” the U.K. Defense … [Read more...] about The Russians Lost An Entire Battalion Trying To Cross A River In Eastern Ukraine

Attempts to unionize Amazon.com, Inc. ( AMZN ) workers at two large facilities in the Staten Island borough of New York City have produced mixed results, with workers at one voting for unionization and those at the other voting against. The latter results were announced on May 2, 2022. Meanwhile, Amazon is asking the National Labor Relations Board (NLRB) to invalidate the vote in favor of the union, alleging various electoral irregularities. The Amazon Labor Union (ALU) won by a vote of 2,654 (55%) in favor out of 4,785 ballots counted at the JFK8 warehouse. However, the union lost by a margin of 618 (62%) against out of 998 votes counted at the adjacent LDJ5 sorting facility. The former site employs more than 8,000 people, while the latter has approximately 1,633 eligible voters. Key Takeaways After winning a vote to organize workers at an Amazon.com facility in Staten Island, New York, the same union lost a vote at an adjacent facility. Amazon had worked … [Read more...] about Amazon (AMZN) Union Gets Split Decision in NYC

Reuters filepix for illustration purpose only - A + A SINGAPORE (May 20): Singapore's anti-narcotics agency on Friday announced the seizure of nearly 18 kg (634 oz) of heroin in a car arriving from neighbouring Malaysia, in what local media said was the biggest haul of its kind in the city-state in two decades. Singapore has some of the world's toughest penalties for drug trafficking, including execution by hanging. The Central Narcotics Bureau (CNB) arrested three Malaysian men aged between 23 and 28 following Wednesday's search of the vehicle, which uncovered 17.7 kg of heroin, 261 grammes of crystal methamphetamine and two grammes of ecstasy pills. The driver was detained at the scene and the other two men — believed by officers to be the intended recipients — were arrested the following day. The wealthy city-state has a zero-tolerance policy for drugs and imposes long jail terms, or the death penalty. The trafficking of more than 15 grammes of pure … [Read more...] about Singapore makes major heroin bust at Malaysian border

- A + A (May 20): President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign "state structures" had increased several times over and that Russia must bolster its cyber defences by reducing the use of foreign software and hardware. The websites of many state-owned companies and news websites have suffered sporadic hacking attempts since Russia sent its armed forces into Ukraine on Feb 24, often to show information that is at odds with Moscow's official line on the conflict. "Targeted attempts are being made to disable the internet resources of Russia's critical information infrastructure," Putin said, adding that media and financial institutions had been targeted. "Serious attacks have been launched against the official sites of government agencies. Attempts to illegally penetrate the corporate networks of leading Russian companies are much more frequent as well," he said. In a meeting with the Security Council, Putin said that … [Read more...] about Putin promises to bolster Russia’s IT security in face of cyber attacks

- A + A KOTA KINABALU (May 20): A man professing to be a "Datuk" was arrested by the Malaysian Anti-Corruption Commission (MACC) Sabah on Friday for investigations into a case related to 'protecting' the falsification of crude palm oil sales tax declarations every month to the Sabah Ministry of Finance. Sabah MACC director Datuk S. Karunanithy said the arrest of the ‘Datuk’ followed the arrest of a senior government official and a retiree on May 18 for investigation in the same case under Section 17 (a) of the MACC Act 2009. “The 66-year-old suspect, who is a former civil servant, was arrested at the Sabah MACC office at about 4pm when he turned up to give his statement. “A remand application against the suspect is expected to be made at the Kota Kinabalu Magistrate's Court on Saturday,” he said in a statement here. At the same time, he reminded oil palm mill operators throughout Sabah to come forward to assist the investigation as the submission of a false … [Read more...] about ‘Datuk’ arrested in connection with falsified palm oil sales tax declarations

Elon Musk denied allegations of sexual misconduct made against him by a former SpaceX flight attendant, and tweeted a challenge to the accuser, daring her to describe details of his naked body. The former attendant alleges Musk propositioned her for sex while she was giving him a massage, Insider reported . A “friend” of the accuser claimed Musk “whipped out his penis” and that “it was erect” during the alleged incident, according to the outlet. Musk denied any wrongdoing, then issued a series of tweets, daring his accuser to come forward with more tangible evidence. “But I have a challenge to this liar who claims their friend saw me “exposed” – describe just one thing, anything at all (scars, tattoos, …) that isn’t known by the public. She won’t be able to do so, because it never happened,” Musk said in a tweet. But I have a challenge to this liar who claims their friend saw me “exposed” – describe just one thing, anything at all (scars, tattoos, …) that isn’t known by the … [Read more...] about Elon Challenges Accuser To Describe His Tattoos And Scars In His Genital Region To Prove She’s Telling The Truth

Share to Twitter Share to Linkedin Ukrainian army brigades have begun shooting their new American howitzers at Russian invaders. And not just any brigades. Ukrainian commanders and their American allies have taken pains to get the 155-millimeter M777 howitzers into the hands of the units that need the guns the most: the ones blunting the Russian offensive west of Izium, in eastern Ukraine’s Donbas region, as well as the ones maneuvering into a position to cut across the Russian advance. An operation that could prove decisive. The United States has donated to Ukraine 90 of the M777 howitzers plus 180,000 shells. Canada and Australia also have given Ukraine additional handfuls of the big guns plus ammo. American and allied advisors have spent the last few weeks training hundreds of Ukrainian gunners to use their new howitzers. The first photos and videos of Ukraine’s M777s in combat began circulating this weekend. An eight-person M777 crew … [Read more...] about Which Ukrainian Troops Are Getting American Howitzers? The Ones Preparing For A Major Counteroffensive.

Key Takeaways Analysts estimate adjusted EPS of $0.87 vs. $1.32 in Q1 FY 2022. The number of customers contributing over $100,000 in 12-month trailing revenue is expected to rise YOY, but at a sharply slower pace than previous quarters. Revenue is expected to grow, but at a decelerating pace. Zoom Video Communications Inc. ( ZM ), which offers a video-first communications platform, saw its popularity soar during the past two years amid the COVID-19 pandemic. Earnings and revenue skyrocketed. But the company's growth has decelerated sharply in recent quarters as employees have begun to return to their offices. In this new environment, Zoom's biggest challenge is how to retain its base of large corporate customers, who are crucial to producing a steady, reliable revenue stream. Investors will be watching closely at how Zoom management plans to address these challenges when the company reports earnings on May 23, 2022 for Q1 FY 2023. The company's 2022 fiscal … [Read more...] about Zoom Q1 FY2023 Earnings Report Preview: What to Look For