12 hours ago
Transocean Ltd. (NYSE:RIG) received a boost on September 15 when the company announced that it had secured an approximately $80 million contract for its Deepwater Conqueror ultra-deepwater drillship in Equatorial Guinea. The estimated 170-day campaign with an undisclosed operator is expected to begin next year, directly following the rig's current contract in the US Gulf.
Built in 2016, the DSME 12000-design Deepwater Conqueror can operate in water depths of up to 12,000 feet and drill to a maximum depth of 40,000 feet.
The $80 million award provides Transocean with additional contract revenue and improves visibility into the company's future revenue base. If the award includes attractive day rates and limited mobilization costs, it could contribute positively to operating margins and cash flows. The company's backlog stood at approximately $6.7 billion as of August 5, 2026.
The contract could also improve the utilization of its high-value drilling rig. Since ultra-deepwater rigs require substantial investment, securing work for an idle or underutilized rig could help spread fixed operating costs over a larger revenue base. Deepwater Conqueror will move directly from its US Gulf contract to Equatorial Guinea, avoiding a gap between the two programs.
The latest award also provides Transocean with an alternative destination for its rigs. The company had already signaled in its Q2 earnings call that the growing demand for new deepwater contracts in Africa would also help offset a decline in awards in the US Gulf.
#deepwater #contract #gulf #equatorial
Built in 2016, the DSME 12000-design Deepwater Conqueror can operate in water depths of up to 12,000 feet and drill to a maximum depth of 40,000 feet.
The $80 million award provides Transocean with additional contract revenue and improves visibility into the company's future revenue base. If the award includes attractive day rates and limited mobilization costs, it could contribute positively to operating margins and cash flows. The company's backlog stood at approximately $6.7 billion as of August 5, 2026.
The contract could also improve the utilization of its high-value drilling rig. Since ultra-deepwater rigs require substantial investment, securing work for an idle or underutilized rig could help spread fixed operating costs over a larger revenue base. Deepwater Conqueror will move directly from its US Gulf contract to Equatorial Guinea, avoiding a gap between the two programs.
The latest award also provides Transocean with an alternative destination for its rigs. The company had already signaled in its Q2 earnings call that the growing demand for new deepwater contracts in Africa would also help offset a decline in awards in the US Gulf.
#deepwater #contract #gulf #equatorial
2 days ago
DANA POINT, California – Natalie Driessen drove down Beach Road on a mission, past neighbors whose houses fell into the sea and others now scrambling to prevent their property from collapsing next.
She had a video from March that she wanted everyone to see. When she spotted an Orange County supervisor outside what was left of one mangled kitchen and living room, Driessen pulled out her phone to play the clip of the California Coastal Commission — the powerful state agency tasked with preserving beaches — discussing a home in her gated community.
California beaches are considered public beyond a certain high tide line, the commissioners warned, and that waterline was rising. “I wonder,” one of the commissioners said, “how many years before I’m allowed to just pull up a chair — sit in their, you know, front deck porch and watch TV because it’s public land. … I don’t think we’re that far away from this, right?”
Storms and high tides — fueled by a near record-breaking El Niño — have battered the California coast in recent weeks, destroying homes and eroding beaches. The fallout has supercharged years-long tensions between the owners of coveted oceanfront property and the authorities they say aren’t doing enough to protect them.
The damage has intensified a bigger debate playing out around the coast: What can or should be done to save private property in the most vulnerable communities?
#years
She had a video from March that she wanted everyone to see. When she spotted an Orange County supervisor outside what was left of one mangled kitchen and living room, Driessen pulled out her phone to play the clip of the California Coastal Commission — the powerful state agency tasked with preserving beaches — discussing a home in her gated community.
California beaches are considered public beyond a certain high tide line, the commissioners warned, and that waterline was rising. “I wonder,” one of the commissioners said, “how many years before I’m allowed to just pull up a chair — sit in their, you know, front deck porch and watch TV because it’s public land. … I don’t think we’re that far away from this, right?”
Storms and high tides — fueled by a near record-breaking El Niño — have battered the California coast in recent weeks, destroying homes and eroding beaches. The fallout has supercharged years-long tensions between the owners of coveted oceanfront property and the authorities they say aren’t doing enough to protect them.
The damage has intensified a bigger debate playing out around the coast: What can or should be done to save private property in the most vulnerable communities?
#years
3 days ago
The biggest return in the U.S. market this year came from the cost of moving oil across the ocean.
The Breakwave Tanker Shipping ETF (BWET) has climbed about 3,600% since the start of the year. That makes it the top-performing non-leveraged fund in the country, ahead of every AI and energy trade that grabbed headlines.
BWET now trades near $726 a share, up from under $20 in January. The huge increase traces back to one event that reshaped global shipping, and it carries a warning for anyone tempted to buy in now.
BWET tracks the price of moving oil by sea. It does that by holding short-dated freight futures, which are contracts that lock in the future cost of renting an oil tanker.
About 90% of the fund follows shipping agreements with the biggest tankers on the route from the Middle East to China. Those agreements lift BWET whenever hiring rates increase.
#cost #agreements
The Breakwave Tanker Shipping ETF (BWET) has climbed about 3,600% since the start of the year. That makes it the top-performing non-leveraged fund in the country, ahead of every AI and energy trade that grabbed headlines.
BWET now trades near $726 a share, up from under $20 in January. The huge increase traces back to one event that reshaped global shipping, and it carries a warning for anyone tempted to buy in now.
BWET tracks the price of moving oil by sea. It does that by holding short-dated freight futures, which are contracts that lock in the future cost of renting an oil tanker.
About 90% of the fund follows shipping agreements with the biggest tankers on the route from the Middle East to China. Those agreements lift BWET whenever hiring rates increase.
#cost #agreements
3 days ago
On September 14, Radiant Logistics (NYSEAMERICAN:RLGT) held its fourth fiscal quarter earnings call, and the headline numbers landed harder than a typical logistics update. Net income jumped 53.1% to $7.5 million for the quarter ended June 30, while revenue climbed 18.5% to $261.4 million. Look past that one quarter, though, and the picture gets more complicated, because full-year adjusted profitability actually fell. That gap between a blowout quarter and a softer year is what makes this name worth a closer look.
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.
#quarter #revenue
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.
#quarter #revenue
3 days ago
Rep. Thomas Massie (R-Ky.) argued Wednesday that House GOP leaders sent the lower chamber home early because they found other Republicans in support of his push to impeach Defense Secretary Pete Hegseth.
“The fact that they didn’t vote on it tells me that they did a whip check, and they probably found that there were some other Republicans, besides me, that were going to vote for this, or at least didn’t want to be on the record supporting Hegseth,” he told host Kaitlan Collins on CNN’s “The Source.”
The outgoing Kentucky libertarian, a frequent critic of President Trump, introduced eight articles of impeachment against Hegseth on Tuesday.
Massie accused Hegseth of violating his “oath to support and defend the Constitution of the United States,” citing his handling of the Iran war and operations to kill alleged drug traffickers in the Caribbean Sea and eastern Pacific Ocean.
The GOP lawmaker, who lost his primary in May to Trump-backed Ed Gallrein, also made his impeachment resolution privileged.
#hegseth #Trump #found #didn
“The fact that they didn’t vote on it tells me that they did a whip check, and they probably found that there were some other Republicans, besides me, that were going to vote for this, or at least didn’t want to be on the record supporting Hegseth,” he told host Kaitlan Collins on CNN’s “The Source.”
The outgoing Kentucky libertarian, a frequent critic of President Trump, introduced eight articles of impeachment against Hegseth on Tuesday.
Massie accused Hegseth of violating his “oath to support and defend the Constitution of the United States,” citing his handling of the Iran war and operations to kill alleged drug traffickers in the Caribbean Sea and eastern Pacific Ocean.
The GOP lawmaker, who lost his primary in May to Trump-backed Ed Gallrein, also made his impeachment resolution privileged.
#hegseth #Trump #found #didn
4 days ago
Chemical manufacturer OXEA has selected Uber Freight as its strategic logistics provider across the U.S., Canada, Mexico and Europe as the company moves to consolidate regional transportation operations into a more unified global network.
Houston-based OXEA said Uber Freight will manage day-to-day transportation execution across truckload, rail and ocean freight, using technology, data and logistics services to provide greater visibility across the chemical manufacturer's supply chain.
The agreement represents Uber Freight's (NYSE: UBER) first managed transportation engagement designed from the outset to span the U.S., Canada, Mexico and Europe, according to the companies.
OXEA manufactures oxo intermediates and oxo performance chemicals used in products including coatings, lubricants, cosmetics, pharmaceuticals, flavors and fragrances, printing inks and plastics. The company employs more than 1,200 people and sells chemicals in more than 60 countries.
The partnership is intended to replace a more regionally segmented approach to transportation management with an integrated operation connecting OXEA's plants, carriers and customers.
#Mexico #chemical #Logistics
Houston-based OXEA said Uber Freight will manage day-to-day transportation execution across truckload, rail and ocean freight, using technology, data and logistics services to provide greater visibility across the chemical manufacturer's supply chain.
The agreement represents Uber Freight's (NYSE: UBER) first managed transportation engagement designed from the outset to span the U.S., Canada, Mexico and Europe, according to the companies.
OXEA manufactures oxo intermediates and oxo performance chemicals used in products including coatings, lubricants, cosmetics, pharmaceuticals, flavors and fragrances, printing inks and plastics. The company employs more than 1,200 people and sells chemicals in more than 60 countries.
The partnership is intended to replace a more regionally segmented approach to transportation management with an integrated operation connecting OXEA's plants, carriers and customers.
#Mexico #chemical #Logistics
4 days ago
Chemical manufacturer OXEA has selected Uber Freight as its strategic logistics provider across the U.S., Canada, Mexico and Europe as the company moves to consolidate regional transportation operations into a more unified global network.
Houston-based OXEA said Uber Freight will manage day-to-day transportation execution across truckload, rail and ocean freight, using technology, data and logistics services to provide greater visibility across the chemical manufacturer's supply chain.
The agreement represents Uber Freight's (NYSE: UBER) first managed transportation engagement designed from the outset to span the U.S., Canada, Mexico and Europe, according to the companies.
OXEA manufactures oxo intermediates and oxo performance chemicals used in products including coatings, lubricants, cosmetics, pharmaceuticals, flavors and fragrances, printing inks and plastics. The company employs more than 1,200 people and sells chemicals in more than 60 countries.
The partnership is intended to replace a more regionally segmented approach to transportation management with an integrated operation connecting OXEA's plants, carriers and customers.
#Transportation #Logistics
Houston-based OXEA said Uber Freight will manage day-to-day transportation execution across truckload, rail and ocean freight, using technology, data and logistics services to provide greater visibility across the chemical manufacturer's supply chain.
The agreement represents Uber Freight's (NYSE: UBER) first managed transportation engagement designed from the outset to span the U.S., Canada, Mexico and Europe, according to the companies.
OXEA manufactures oxo intermediates and oxo performance chemicals used in products including coatings, lubricants, cosmetics, pharmaceuticals, flavors and fragrances, printing inks and plastics. The company employs more than 1,200 people and sells chemicals in more than 60 countries.
The partnership is intended to replace a more regionally segmented approach to transportation management with an integrated operation connecting OXEA's plants, carriers and customers.
#Transportation #Logistics
4 days ago
Ocean Power Technologies Inc (NYSE-A:OPTT) reported first-quarter fiscal 2027 revenue of $1.7 million, up 44% from a year earlier, as the company expanded its work with US defense and security customers and moved forward with a strategic review process.
Ocean Power Technologies ran three PowerBuoy systems off Southern California for a U.S. Department of Homeland Security maritime domain awareness program, integrated with Anduril's Lattice platform and including a deployment beyond 1,000 meters depth, calling it the company's largest deployment and recurring revenue contract to date.
Ocean Power Technologies also deployed a PowerBuoy system off New Jersey for Rutgers University and delivered a WAM-V unmanned surface vehicle to Stevens Institute of Technology within five weeks of receiving the order.
The company demonstrated autonomous docking, charging and redeployment of a WAM-V, a capability it is working to integrate with the PowerBuoy platform to support longer autonomous missions. It also acquired subsea developmental technology ****** ets from Columbia Power Technologies, extending its capabilities from the ocean surface to the seabed.
Ocean Power Technologies achieved Cybersecurity Maturity Model Certification Level 2 compliance, positioning it to pursue defense programs requiring protection of controlled unclassified information. After the quarter ended, the company was selected as one of six potential awardees under a $40 million multiple-award contract supporting the Naval Oceanographic Office, creating an opportunity to compete for ocean-floor mapping task orders using unmanned surface vehicles.
#ocean #power #technologies #powerbuoy
Ocean Power Technologies ran three PowerBuoy systems off Southern California for a U.S. Department of Homeland Security maritime domain awareness program, integrated with Anduril's Lattice platform and including a deployment beyond 1,000 meters depth, calling it the company's largest deployment and recurring revenue contract to date.
Ocean Power Technologies also deployed a PowerBuoy system off New Jersey for Rutgers University and delivered a WAM-V unmanned surface vehicle to Stevens Institute of Technology within five weeks of receiving the order.
The company demonstrated autonomous docking, charging and redeployment of a WAM-V, a capability it is working to integrate with the PowerBuoy platform to support longer autonomous missions. It also acquired subsea developmental technology ****** ets from Columbia Power Technologies, extending its capabilities from the ocean surface to the seabed.
Ocean Power Technologies achieved Cybersecurity Maturity Model Certification Level 2 compliance, positioning it to pursue defense programs requiring protection of controlled unclassified information. After the quarter ended, the company was selected as one of six potential awardees under a $40 million multiple-award contract supporting the Naval Oceanographic Office, creating an opportunity to compete for ocean-floor mapping task orders using unmanned surface vehicles.
#ocean #power #technologies #powerbuoy
5 days ago
On September 14, Radiant Logistics (NYSEAMERICAN:RLGT) held its fourth fiscal quarter earnings call, and the headline numbers landed harder than a typical logistics update. Net income jumped 53.1% to $7.5 million for the quarter ended June 30, while revenue climbed 18.5% to $261.4 million. Look past that one quarter, though, and the picture gets more complicated, because full-year adjusted profitability actually fell. That gap between a blowout quarter and a softer year is what makes this name worth a closer look.
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.
#million #quarter #revenue #fiscal
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.
#million #quarter #revenue #fiscal
6 days ago
A multimillion-dollar, oceanfront Malibu home said to be owned by Oscar-winning actor Nicolas Cage has been threatened by a sizable sinkhole, with officials now cautioning that conditions in the area are "likely to worsen" in the coming days.
As noted in an ***** ociated Press report on Tuesday (Sept. 8), the driveway of the mansion has collapsed, leading to a swiftly remedied gas leak. The damage has been linked to Hurricane Marie, despite it never having made landfall.
As for the Cage connection, the Los Angeles Times, citing real estate records, says the actor is listed as the property's owner. Other reports point to prior coverage of its sale to Cage back in 2024 for more than $10 million.
Tuesday, Malibu's Director of Emergency Services confirmed a local emergency declaration in response to "a large sinkhole." An evacuation order has also been put in motion "for all affected properties," officials said in a press release.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
#malibu #oscar
As noted in an ***** ociated Press report on Tuesday (Sept. 8), the driveway of the mansion has collapsed, leading to a swiftly remedied gas leak. The damage has been linked to Hurricane Marie, despite it never having made landfall.
As for the Cage connection, the Los Angeles Times, citing real estate records, says the actor is listed as the property's owner. Other reports point to prior coverage of its sale to Cage back in 2024 for more than $10 million.
Tuesday, Malibu's Director of Emergency Services confirmed a local emergency declaration in response to "a large sinkhole." An evacuation order has also been put in motion "for all affected properties," officials said in a press release.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
#malibu #oscar
7 days ago
Founded in 1977 and headquartered in South Korea, LX Pantos has grown into a global logistics provider spanning freight forwarding, contract logistics, e-commerce fulfillment, last-mile delivery and installation, and supply chain management consulting. The company now operates more than 380 locations worldwide with a workforce of approximately 8,500 employees, moving more than 1.6 million TEUs of ocean freight and over 120,000 tons of air freight annually. In 2025, LX Pantos recorded revenue of approximately $5.85 billion.
For President and CEO Lee Yong-ho, those figures mark a foundation rather than a destination.
"Since **** uming the role of CEO, I have set a clear vision for LX Pantos: to build the company into a 'Korea-born, global logistics company,' and we have been pursuing that goal with unwavering commitment," Lee said.
That vision marks a departure from the model that carried LX Pantos for decades on domestic corporate freight volumes.
"For many years, LX Pantos grew rapidly by leveraging freight volumes from domestic corporate customers. However, we have also recognized that growth driven primarily by the domestic market has its limitations," Lee said. "It is now time for LX Pantos to evolve into a truly global logistics company — one that is not confined to any single country or customer segment, but is capable of delivering comprehensive logistics solutions to customers worldwide."
#pantos #Logistics
For President and CEO Lee Yong-ho, those figures mark a foundation rather than a destination.
"Since **** uming the role of CEO, I have set a clear vision for LX Pantos: to build the company into a 'Korea-born, global logistics company,' and we have been pursuing that goal with unwavering commitment," Lee said.
That vision marks a departure from the model that carried LX Pantos for decades on domestic corporate freight volumes.
"For many years, LX Pantos grew rapidly by leveraging freight volumes from domestic corporate customers. However, we have also recognized that growth driven primarily by the domestic market has its limitations," Lee said. "It is now time for LX Pantos to evolve into a truly global logistics company — one that is not confined to any single country or customer segment, but is capable of delivering comprehensive logistics solutions to customers worldwide."
#pantos #Logistics
7 days ago
Oprah Winfrey is launching a two-hour immersive live show, Oprah Winfrey's AHA, at Las Vegas' Sphere, April 2-4, 2027
The show will feature music, film, sensory effects and performers including Jacob Collier and Ocean Vuong
AHA, which Winfrey says is designed to inspire awe and foster connection, is the "culmination" of what she's worked toward her whole life
Forty years ago, when she first hit the national airwaves, Oprah Winfrey already had a message in mind for the masses that rang true to her: "We're more alike than we're different. You're responsible for your life. There's something inside you that's really special. You have come to this planet and you have a calling."
It's an idea she returned to throughout the 25-season run of The Oprah Winfrey Show and beyond: "I said it in 4,561 shows, and I don't even know how many magazine articles and podcasts."
#oprah #we 're #vegas #april
The show will feature music, film, sensory effects and performers including Jacob Collier and Ocean Vuong
AHA, which Winfrey says is designed to inspire awe and foster connection, is the "culmination" of what she's worked toward her whole life
Forty years ago, when she first hit the national airwaves, Oprah Winfrey already had a message in mind for the masses that rang true to her: "We're more alike than we're different. You're responsible for your life. There's something inside you that's really special. You have come to this planet and you have a calling."
It's an idea she returned to throughout the 25-season run of The Oprah Winfrey Show and beyond: "I said it in 4,561 shows, and I don't even know how many magazine articles and podcasts."
#oprah #we 're #vegas #april
7 days ago
NEW YORK (AP) — Oprah Winfrey stood alone at the Sphere, attempting to comprehend what she had witnessed after U2's opening night performance in 2023. Mesmerized by the multisensory event, the Queen of All Media had a thought: Could she use the groundbreaking, 4D capabilities of the globe-shaped arena to help others reach their highest potential?
"You could use this technology as a visual, immersive experience to allow people to go deeper for themselves and walk away with a sense of awe and wonder about what it means to be alive," the media mogul, whose empire was built largely by inspiring viewers of "The Oprah Winfrey Show," told The ****** ociated Press. "I know that there's more, and the more could really help people see themselves differently. It has the potential to be an incredible experience of magnificent wonder."
That initial thought became "Oprah Winfrey's AHA," taking place April 2-4 at the Sphere, the $2.3 billion state-of-the-art Las Vegas arena that has hosted performances by The Backstreet Boys, Phish, the Eagles and No Doubt — and a popular "The Wizard of Oz" film experience.
The two-hour live event will feature Winfrey with special guests and performances, including multiple Grammy winner Jacob Collier, poet and author Ocean Vuong, musician Ajeet and gospel singer Wintley Phipps. Among all-star collaborators crafting the experience with Winfrey are Oscar-nominated composer Max Richter, Grammy-nominated musicians Jason White and Jon Hopkins, playwright and MacArthur "genius grant" recipient Tarell Alvin McCraney and Es Devlin, the stage designer for Beyoncé's "Formation" and "Renaissance" world tours. Tickets go on sale to the general public Sept. 25.
It's been 15 years since Winfrey ended her iconic talk show, which last week celebrated its 40th anniversary of reaching U.S. syndication. She has stayed busy with her podcast, her CEO duties for her namesake OWN TV network, and various tours and live events. At 72, when many are embracing retirement, Winfrey isn't ready to slow down completely.
#show #Event #thought
"You could use this technology as a visual, immersive experience to allow people to go deeper for themselves and walk away with a sense of awe and wonder about what it means to be alive," the media mogul, whose empire was built largely by inspiring viewers of "The Oprah Winfrey Show," told The ****** ociated Press. "I know that there's more, and the more could really help people see themselves differently. It has the potential to be an incredible experience of magnificent wonder."
That initial thought became "Oprah Winfrey's AHA," taking place April 2-4 at the Sphere, the $2.3 billion state-of-the-art Las Vegas arena that has hosted performances by The Backstreet Boys, Phish, the Eagles and No Doubt — and a popular "The Wizard of Oz" film experience.
The two-hour live event will feature Winfrey with special guests and performances, including multiple Grammy winner Jacob Collier, poet and author Ocean Vuong, musician Ajeet and gospel singer Wintley Phipps. Among all-star collaborators crafting the experience with Winfrey are Oscar-nominated composer Max Richter, Grammy-nominated musicians Jason White and Jon Hopkins, playwright and MacArthur "genius grant" recipient Tarell Alvin McCraney and Es Devlin, the stage designer for Beyoncé's "Formation" and "Renaissance" world tours. Tickets go on sale to the general public Sept. 25.
It's been 15 years since Winfrey ended her iconic talk show, which last week celebrated its 40th anniversary of reaching U.S. syndication. She has stayed busy with her podcast, her CEO duties for her namesake OWN TV network, and various tours and live events. At 72, when many are embracing retirement, Winfrey isn't ready to slow down completely.
#show #Event #thought
9 days ago
Pierce Brosnan is ready to say goodbye to his slice of Malibu paradise, after decades of dodging wildfires, worrying about earthquakes and shelling out a fortune to keep his sprawling $100 million compound afloat.
The former James Bond star, 73, and wife Keely Shaye Smith, 62, are preparing to move on from the spectacular oceanfront estate they have called home for more than two decades, with Brosnan admitting that life along California's famously volatile coastline has begun to lose some of its ****** er.
"We've been spared by the fires a few times now. But I think it's time to move," Brosnan told The Times. "Everything changes, everything falls apart."
After 26 years and more than a few close calls with wildfires, Pierce Brosnan said he's ready to leave Malibu. Brett D. Cove / SplashNews.com
The actor said he's been shelling out a fortune to keep his sprawling $100 million compound in Malibu afloat. 4CRNS, WCP / BACKGRID
#malibu #decades
The former James Bond star, 73, and wife Keely Shaye Smith, 62, are preparing to move on from the spectacular oceanfront estate they have called home for more than two decades, with Brosnan admitting that life along California's famously volatile coastline has begun to lose some of its ****** er.
"We've been spared by the fires a few times now. But I think it's time to move," Brosnan told The Times. "Everything changes, everything falls apart."
After 26 years and more than a few close calls with wildfires, Pierce Brosnan said he's ready to leave Malibu. Brett D. Cove / SplashNews.com
The actor said he's been shelling out a fortune to keep his sprawling $100 million compound in Malibu afloat. 4CRNS, WCP / BACKGRID
#malibu #decades
9 days ago
While Ryan Seacrest is reflecting on his summer and his beach workouts, his followers had other thoughts in mind. Many of them asked the same question in the comments after he shared images of himself on social media.
"From the summer camera roll: vacation workouts just hit different," he captioned the Instagram post on September 10. Seacrest set the post to the song "I Feel Good" by Pink Sweat$.
Whoever filmed the video started off with a scenic view of the water. Then, they panned to the Wheel of Fortune host across the beach doing squats with hand weights. They got closer and closer until they were only a few feet from him.
Seacrest worked out with no shirt, short black shorts, and black water shoes. Hand weights, barbells, and other workout equipment sat in a straight line behind him.
He continued to do squats and lift the weights above his head. More views of the ocean could be seen before Seacrest appeared to lie on a towel. He did crunches and lifted his hips up as he used a bigger weight on his arms.
#seacrest #post #squats
"From the summer camera roll: vacation workouts just hit different," he captioned the Instagram post on September 10. Seacrest set the post to the song "I Feel Good" by Pink Sweat$.
Whoever filmed the video started off with a scenic view of the water. Then, they panned to the Wheel of Fortune host across the beach doing squats with hand weights. They got closer and closer until they were only a few feet from him.
Seacrest worked out with no shirt, short black shorts, and black water shoes. Hand weights, barbells, and other workout equipment sat in a straight line behind him.
He continued to do squats and lift the weights above his head. More views of the ocean could be seen before Seacrest appeared to lie on a towel. He did crunches and lifted his hips up as he used a bigger weight on his arms.
#seacrest #post #squats
10 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Delivered record Q2 sales outside of the holiday period despite a 'K-shaped' economy and aggressive industry-wide promotional activity.
Performance was bifurcated by price point, with double-digit growth in premium configurations over $6,000 while the under-$6,000 segment remained pressured by inflation and interest rates.
Management is pivoting from a single-platform focus to a multi-platform 'Sactionals sofa company' strategy to address broader market segments and aesthetic preferences.
Operational efficiency improved through the 'Fuel for Growth' program and sourcing diversification, helping to insulate the P&L from volatile ocean freight and domestic shipping costs.
#management
Delivered record Q2 sales outside of the holiday period despite a 'K-shaped' economy and aggressive industry-wide promotional activity.
Performance was bifurcated by price point, with double-digit growth in premium configurations over $6,000 while the under-$6,000 segment remained pressured by inflation and interest rates.
Management is pivoting from a single-platform focus to a multi-platform 'Sactionals sofa company' strategy to address broader market segments and aesthetic preferences.
Operational efficiency improved through the 'Fuel for Growth' program and sourcing diversification, helping to insulate the P&L from volatile ocean freight and domestic shipping costs.
#management
0.00$ raised of 0.00$ goal
0 donations
0.00$
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12 days ago
Moerus Capital Management LLC, an investment management firm, recently released its "Worldwide Fund " second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund navigated a highly bifurcated investment environment in the second quarter of 2026, as investor enthusiasm for artificial intelligence and technology drove a sharp rally in growth stocks while capital moved away from more traditional, value-oriented areas. The Fund's Institutional Class returned 0.14% in Q2, compared with 14.49% for the MSCI ACWI ex USA and 14.93% for the MSCI ACWI, while its first-half return stood at 5.37%, versus 13.69% and 11.25%, respectively, for the two benchmarks. The relative underperformance was primarily driven by the Fund's limited exposure to Information Technology as semiconductor and AI-related stocks surged, while its Energy holdings also gave back some earlier gains as oil prices declined; however, the Fund benefited from several energy-related investments during the first half. Looking ahead, Moerus views the extreme gap between expensive AI-focused areas and neglected parts of the market as an opportunity, maintaining its long-term deep-value approach of investing in unpopular businesses and ******* ets at significant discounts to intrinsic value and using market volatility to identify potentially attractive investments. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Moerus Worldwide Fund highlighted stocks like Transocean Ltd. (NYSE:RIG) while discussing its investment in Valaris. Transocean Ltd. is an offshore drilling contractor. Moerus discussed the company in connection with its agreement to acquire Valaris in an all-stock transaction, which it said helped surface significant latent value in Valaris. The one-month return of Transocean Ltd. (NYSE:RIG) was 2.53% while its shares traded between $3.01 and $7.66 over the last 52 weeks. On September 7, 2026, Transocean Ltd. (NYSE:RIG) stock closed at approximately $5.85 per share, with a market capitalization of about $6.56 billion.
Moerus Worldwide Fund stated the following regarding Transocean Ltd. (NYSE:RIG) in its Q2 2026 investor letter:
"Shares of this U.S.-based provider of offshore drilling services surged in response to the February 9th announcement that the company had agreed to be acquired by Transocean Ltd. (NYSE:RIG) in an all-stock transaction, which was priced at a roughly 32% premium to Valaris' stock price (based on the previous day's closing price of each stock)."
#valaris
In its second-quarter 2026 investor letter, Moerus Worldwide Fund highlighted stocks like Transocean Ltd. (NYSE:RIG) while discussing its investment in Valaris. Transocean Ltd. is an offshore drilling contractor. Moerus discussed the company in connection with its agreement to acquire Valaris in an all-stock transaction, which it said helped surface significant latent value in Valaris. The one-month return of Transocean Ltd. (NYSE:RIG) was 2.53% while its shares traded between $3.01 and $7.66 over the last 52 weeks. On September 7, 2026, Transocean Ltd. (NYSE:RIG) stock closed at approximately $5.85 per share, with a market capitalization of about $6.56 billion.
Moerus Worldwide Fund stated the following regarding Transocean Ltd. (NYSE:RIG) in its Q2 2026 investor letter:
"Shares of this U.S.-based provider of offshore drilling services surged in response to the February 9th announcement that the company had agreed to be acquired by Transocean Ltd. (NYSE:RIG) in an all-stock transaction, which was priced at a roughly 32% premium to Valaris' stock price (based on the previous day's closing price of each stock)."
#valaris
12 days ago
Moerus Capital Management LLC, an investment management firm, recently released its "Worldwide Fund " second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund navigated a highly bifurcated investment environment in the second quarter of 2026, as investor enthusiasm for artificial intelligence and technology drove a sharp rally in growth stocks while capital moved away from more traditional, value-oriented areas. The Fund's Institutional Class returned 0.14% in Q2, compared with 14.49% for the MSCI ACWI ex USA and 14.93% for the MSCI ACWI, while its first-half return stood at 5.37%, versus 13.69% and 11.25%, respectively, for the two benchmarks. The relative underperformance was primarily driven by the Fund's limited exposure to Information Technology as semiconductor and AI-related stocks surged, while its Energy holdings also gave back some earlier gains as oil prices declined; however, the Fund benefited from several energy-related investments during the first half. Looking ahead, Moerus views the extreme gap between expensive AI-focused areas and neglected parts of the market as an opportunity, maintaining its long-term deep-value approach of investing in unpopular businesses and ****** ets at significant discounts to intrinsic value and using market volatility to identify potentially attractive investments. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Moerus Worldwide Fund highlighted stocks like Valaris Limited (NYSE:VAL). Valaris Limited is a U.S.-based provider of offshore drilling services. Moerus described Valaris as its largest individual contributor to performance in the first half of 2026. The one-month return of Valaris Limited (NYSE:VAL) was 1.62% while its shares traded between $46.70 and $114.12 over the last 52 weeks. On September 7, 2026, Valaris Limited (NYSE:VAL) stock closed at approximately $86.74 per share, with a market capitalization of about $6.03 billion.
Moerus Worldwide Fund stated the following regarding Valaris Limited (NYSE:VAL) in its Q2 2026 investor letter:
"For example, consider Valaris Limited (NYSE:VAL), the largest individual contributor to performance in H1. Shares of this U.S.-based provider of offshore drilling services surged in response to the February 9th announcement that the company had agreed to be acquired by Transocean in an all-stock transaction, which was priced at a roughly 32% premium to Valaris' stock price (based on the previous day's closing price of each stock). Valaris was added to the Fund in early 2025 following a slide in its share price, amid then-subdued oil prices and what we believed to be a temporary lull in offshore drilling activity caused by support infrastructure constraints (among other factors)."
#worldwide #Stock
In its second-quarter 2026 investor letter, Moerus Worldwide Fund highlighted stocks like Valaris Limited (NYSE:VAL). Valaris Limited is a U.S.-based provider of offshore drilling services. Moerus described Valaris as its largest individual contributor to performance in the first half of 2026. The one-month return of Valaris Limited (NYSE:VAL) was 1.62% while its shares traded between $46.70 and $114.12 over the last 52 weeks. On September 7, 2026, Valaris Limited (NYSE:VAL) stock closed at approximately $86.74 per share, with a market capitalization of about $6.03 billion.
Moerus Worldwide Fund stated the following regarding Valaris Limited (NYSE:VAL) in its Q2 2026 investor letter:
"For example, consider Valaris Limited (NYSE:VAL), the largest individual contributor to performance in H1. Shares of this U.S.-based provider of offshore drilling services surged in response to the February 9th announcement that the company had agreed to be acquired by Transocean in an all-stock transaction, which was priced at a roughly 32% premium to Valaris' stock price (based on the previous day's closing price of each stock). Valaris was added to the Fund in early 2025 following a slide in its share price, amid then-subdued oil prices and what we believed to be a temporary lull in offshore drilling activity caused by support infrastructure constraints (among other factors)."
#worldwide #Stock
13 days ago
The Manning brothers may have pulled off their biggest heist yet.
Sure, that's the theme of this year's Manningcast schedule release from Omaha Productions: An Ocean's 11-style heist film, culminating in the reveal of the games they will be calling this coming season (including the Super Bowl), but the biggest heist of all may be what the former NFL stars pulled off onscreen in a 15-minute short film unveiling the schedule.
More from The Hollywood Reporter
Padel Spanks Pickleball: Inside the Rise of the New Celebrity Sports Obsession
When and Where to Watch F1 Italian Grand Prix at Monza
#biggest #productions
Sure, that's the theme of this year's Manningcast schedule release from Omaha Productions: An Ocean's 11-style heist film, culminating in the reveal of the games they will be calling this coming season (including the Super Bowl), but the biggest heist of all may be what the former NFL stars pulled off onscreen in a 15-minute short film unveiling the schedule.
More from The Hollywood Reporter
Padel Spanks Pickleball: Inside the Rise of the New Celebrity Sports Obsession
When and Where to Watch F1 Italian Grand Prix at Monza
#biggest #productions
13 days ago
Federal regulators said the two crew members aboard the Amazon cargo jet that crashed at Miami International Airport on Sunday survived the accident.
The National Transportation Safety Board (NTSB) provided the update during a Sunday press conference after officials said the cargo plane overran the runway and caught fire while landing. The crash killed five people and injured five others, authorities said Sunday.
The jet collided with two vehicles carrying at least eight occupants, according to NTSB Chairwoman Jennifer Homendy.
Seven of the victims were in a van that was struck and "torn apart" on airport grounds, Homendy said. The 2012 white Ford Econoline van was owned by Ocean Service Corporation, a contract cleaning company that provides services for airlines, she said.
Amazon Cargo Plane Overruns Miami Airport Runway And Strikes 'Multiple' Vehicles; 5 Dead, 5 Injured
#homendy
The National Transportation Safety Board (NTSB) provided the update during a Sunday press conference after officials said the cargo plane overran the runway and caught fire while landing. The crash killed five people and injured five others, authorities said Sunday.
The jet collided with two vehicles carrying at least eight occupants, according to NTSB Chairwoman Jennifer Homendy.
Seven of the victims were in a van that was struck and "torn apart" on airport grounds, Homendy said. The 2012 white Ford Econoline van was owned by Ocean Service Corporation, a contract cleaning company that provides services for airlines, she said.
Amazon Cargo Plane Overruns Miami Airport Runway And Strikes 'Multiple' Vehicles; 5 Dead, 5 Injured
#homendy
14 days ago
Dorian LPG has agreed an order with South Korean shipbuilder Hanwha Ocean for the construction of three 90,000m³ dual-fuel Panamax very large gas carriers (VLGCs) for a total price of around $345m (Won463.5bn).
The three ships are scheduled for delivery in June, September and December 2030.
Each VLGC will be fitted with dual-fuel engines capable of burning liquefied petroleum gas (LPG) or conventional low-sulphur fuels. They will also feature a shaft generator system that allows power to be produced on board during sea passages.
Hull forms and main engines have been designed to take larger-diameter propellers and energy-saving devices around the propellers, which the company said improves overall energy efficiency.
Dorian LPG said the Panamax dimensions give its charterers commercial flexibility to transit the old Panama Canal locks.
#three #fuel #south
The three ships are scheduled for delivery in June, September and December 2030.
Each VLGC will be fitted with dual-fuel engines capable of burning liquefied petroleum gas (LPG) or conventional low-sulphur fuels. They will also feature a shaft generator system that allows power to be produced on board during sea passages.
Hull forms and main engines have been designed to take larger-diameter propellers and energy-saving devices around the propellers, which the company said improves overall energy efficiency.
Dorian LPG said the Panamax dimensions give its charterers commercial flexibility to transit the old Panama Canal locks.
#three #fuel #south
14 days ago
Hurricane Marie, well out in the Pacific, created flooding and dangerous conditions at some southern California beaches over Labor Day weekend, with strong currents and huge waves presenting a threat to swimmers and surfers.
Rose Schoenfeld, a National Weather Service meteorologist, said Sunday that Marie stirred up "life-threatening" conditions as it churned in the ocean hundreds of miles off California's Pacific coast. Some south-facing beaches have seen surf up to 10 feet (3 meters) high, she said.
"We're getting reports from lifeguards that the surf conditions are very dangerous, specifically the rip currents," Schoenfeld said.
Hurricane Marie won't make landfall and is expected to weaken to a tropical storm by late Sunday, but will still but will still bring rain to parts of Los Angeles County before it dissipates. Some parts of the area have already seen as much as a quarter inch of rain Sunday, Schoenfeld said.
The National Weather Service advised people to swim only near lifeguards and to stay off rock jetties.
#schoenfeld #pacific #service
Rose Schoenfeld, a National Weather Service meteorologist, said Sunday that Marie stirred up "life-threatening" conditions as it churned in the ocean hundreds of miles off California's Pacific coast. Some south-facing beaches have seen surf up to 10 feet (3 meters) high, she said.
"We're getting reports from lifeguards that the surf conditions are very dangerous, specifically the rip currents," Schoenfeld said.
Hurricane Marie won't make landfall and is expected to weaken to a tropical storm by late Sunday, but will still but will still bring rain to parts of Los Angeles County before it dissipates. Some parts of the area have already seen as much as a quarter inch of rain Sunday, Schoenfeld said.
The National Weather Service advised people to swim only near lifeguards and to stay off rock jetties.
#schoenfeld #pacific #service
14 days ago
Khadija Shaw netted a brace while Mary Fowler was also on target as The Cityzens were victorious on opening day.
It was the visitors who almost got off to a dream start. They won a corner inside the opening 30 seconds, but Marie Levasseur saw her effort cleared off the goal-line.
Océane Hurtré then almost capitalised on a back-pass, but home keeper Ayaka Yamashita did just about enough to deal with the danger.
At the other end, Shaw met Lauren Hemp's cross, but she couldn't beat Sophie Baggaley. Hemp soon produced another cross from the left which was met by Shaw, but she was again unable to take advantage,
Manchester City captain Alex Greenwood and Aoba Fujino had further efforts on the Birmingham City goal, but Baggaley was able to produce saves on both occasions. Fowler then slipped the ball to Shaw, who looked certain to score, but Neve Herron defended well and managed to perform a block.
#fowler #khadija
It was the visitors who almost got off to a dream start. They won a corner inside the opening 30 seconds, but Marie Levasseur saw her effort cleared off the goal-line.
Océane Hurtré then almost capitalised on a back-pass, but home keeper Ayaka Yamashita did just about enough to deal with the danger.
At the other end, Shaw met Lauren Hemp's cross, but she couldn't beat Sophie Baggaley. Hemp soon produced another cross from the left which was met by Shaw, but she was again unable to take advantage,
Manchester City captain Alex Greenwood and Aoba Fujino had further efforts on the Birmingham City goal, but Baggaley was able to produce saves on both occasions. Fowler then slipped the ball to Shaw, who looked certain to score, but Neve Herron defended well and managed to perform a block.
#fowler #khadija
15 days ago
Gayle King took nothing away from the bride but certainly captivated guests with her mother-of-the-groom style at her son's June 2024 wedding. The "CBS Mornings" host was all smiles in photos and videos she shared from the event, including a stunning snap with her son, William "Will" **** pus Jr., and longtime best friend, Oprah Winfrey, who hosted the lavish oceanside nuptials at her home in Montecito, California. "Favorite son Will found the girl of his dreams and now lovely elisemariesmith is an official member of the family," King captioned an Instagram post. "It was truly a spectacular family wedding!"
gayleking/instagram
Considering how Gayle King's best on-air looks are a colorful masterclass in fun fashion, she brought that same flair when selecting her mother-of-the-groom attire. The morning news anchor looked radiant in a graceful powder-blue gown by designer Amsale, who also created the bride Elise Smith's wedding dress, King revealed in her Instagram post. King completed the elegant look with a matching light blue shawl and sequined clutch. **** pus looked dashing in a classic tuxedo, finished with a black bowtie and patent leather shoes. Meanwhile, Winfrey embraced her role as the ultimate wedding host in a light pink ruched gown and salmon-colored clutch. Oprah Winfrey and Gayle King proved they're the ultimate BFFs when King praised her best friend for putting together such a beautiful setting for her son's big day. "Thanks to oprah—the wedding was magical in her 'backyard!' She pulled out all the stops," King wrote.
Read more: The 20 Most Expensive Celebrity Engagement Rings In The World
Monica Schipper/Getty Images
#bumpus
gayleking/instagram
Considering how Gayle King's best on-air looks are a colorful masterclass in fun fashion, she brought that same flair when selecting her mother-of-the-groom attire. The morning news anchor looked radiant in a graceful powder-blue gown by designer Amsale, who also created the bride Elise Smith's wedding dress, King revealed in her Instagram post. King completed the elegant look with a matching light blue shawl and sequined clutch. **** pus looked dashing in a classic tuxedo, finished with a black bowtie and patent leather shoes. Meanwhile, Winfrey embraced her role as the ultimate wedding host in a light pink ruched gown and salmon-colored clutch. Oprah Winfrey and Gayle King proved they're the ultimate BFFs when King praised her best friend for putting together such a beautiful setting for her son's big day. "Thanks to oprah—the wedding was magical in her 'backyard!' She pulled out all the stops," King wrote.
Read more: The 20 Most Expensive Celebrity Engagement Rings In The World
Monica Schipper/Getty Images
#bumpus
16 days ago
Kraken Robotics (OTC: KRKNF) stock has been struggling lately. The company's share price hit a lifetime high of $8.13 per share in March, soon after it was announced that the marine technologies company was acquiring Covelya for 615 million Canadian dollars, but its stock has now lost more than half of its value since hitting that valuation peak.
Valuation multiples for next-generation defense tech companies have generally come down in subsequent trading. Investors are concerned about the potential integration risks with the Covelya acquisition, and the company's recent second-quarter report showed relatively modest growth. As a result, Kraken stock is now trading down roughly 21% year-to-date and 55% from its 2026 high.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Should investors be buying the stock in September?
Kraken Robotic is a leading provider of subsea batteries for uncrewed underwater vehicles (UUVs), synthetic aperture sonar (SAS) for ocean-floor mapping, and other subsea intelligence and navigation solutions. Through its acquisition of Covelya, the company has also significantly broadened its product portfolio and expanded its capabilities in positioning, scanning, and overall subsea robotics.
#kraken #subsea
Valuation multiples for next-generation defense tech companies have generally come down in subsequent trading. Investors are concerned about the potential integration risks with the Covelya acquisition, and the company's recent second-quarter report showed relatively modest growth. As a result, Kraken stock is now trading down roughly 21% year-to-date and 55% from its 2026 high.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Should investors be buying the stock in September?
Kraken Robotic is a leading provider of subsea batteries for uncrewed underwater vehicles (UUVs), synthetic aperture sonar (SAS) for ocean-floor mapping, and other subsea intelligence and navigation solutions. Through its acquisition of Covelya, the company has also significantly broadened its product portfolio and expanded its capabilities in positioning, scanning, and overall subsea robotics.
#kraken #subsea
16 days ago
Wendy Schmidt and Kos Evans
I love to sail. And, yes, I've been known to "rock." I've even meet a few rockstars over the years. (Just please don't tell my 14-year-old son I said so. He already thinks I'm pretty cringe.) I've met a few royals and attended some very cool art exhibitions over the years too.
But I've never been to a modern art exhibition that combines rockstars, yachts and all sorts of royalty quite like the event was held to benefit Nantucket Community Sailing at the oh-so-authentic Thomas Macy Warehouse on the island. And lots of well-connected people who love the ocean, yachts, and art were there to see Kos Evans's expanded Rock and Royals modern art collection. It features one-of-a-kind images of legendary rockstars and all sorts of royalty who sail, on rare, one-of-a-kind sailcloth from yachts owned by the likes of Pete Townshend, the Prince of Monaco, and American royalty such as JFK too.
Rock and Royals on display
According to KOS, Rock & Royals is more than an exhibition. "It's a celebration that pays homage to the legends who owned these sails and to the sea itself," she says. By transforming these authentic pieces of history into art, Kos creates a unique dialogue between history, celebrity, royalty, and contemporary artistic expression.
#rock #Royals #royalty #yachts
I love to sail. And, yes, I've been known to "rock." I've even meet a few rockstars over the years. (Just please don't tell my 14-year-old son I said so. He already thinks I'm pretty cringe.) I've met a few royals and attended some very cool art exhibitions over the years too.
But I've never been to a modern art exhibition that combines rockstars, yachts and all sorts of royalty quite like the event was held to benefit Nantucket Community Sailing at the oh-so-authentic Thomas Macy Warehouse on the island. And lots of well-connected people who love the ocean, yachts, and art were there to see Kos Evans's expanded Rock and Royals modern art collection. It features one-of-a-kind images of legendary rockstars and all sorts of royalty who sail, on rare, one-of-a-kind sailcloth from yachts owned by the likes of Pete Townshend, the Prince of Monaco, and American royalty such as JFK too.
Rock and Royals on display
According to KOS, Rock & Royals is more than an exhibition. "It's a celebration that pays homage to the legends who owned these sails and to the sea itself," she says. By transforming these authentic pieces of history into art, Kos creates a unique dialogue between history, celebrity, royalty, and contemporary artistic expression.
#rock #Royals #royalty #yachts
16 days ago
Cheapest freight isn't always best, especially when a late shipment can cost millions. ShipStation Global CEO Tom Madine breaks down why SMB shippers need parcel, LTL and truckload in one workflow, and why better freight decisions now matter more than just lower rates. From the merger that created ShipStation Global to adding more modes into the platform, this conversation gets into where shipping tech is heading, how data shapes carrier selection, and what smaller shippers actually need from logistics partners. #FreightTech #LTL #SupplyChain
ShipStation Global is formally launching its less-than-truckload product, marking the first tangible freight expansion since the merger of software provider Auctane, formerly the parent of the Stamps.com andShipStation,and WWEX Group, which previously housed freight brokerages like Worldwide Express. The company's CEO said the rollout represents the opening move in a broader strategy to let small and midsize shippers purchase and manage all transportation modes through a single platform.
"Today's the first day we've really launched the LTL product," said Tom Madine, CEO of ShipStation Global, noting the company plans to add truckload, final mile, and eventually ocean and forwarding capabilities after establishing its inland position.
The strategic rationale centers on eliminating the workflow gap that forced ShipStation users to leave the platform whenever they needed to move freight beyond parcel. Customer surveys repeatedly flagged the absence of additional modes as the top improvement request, he said. With LTL now integrated, shippers can manage inbound inventory movements alongside outbound parcel without switching systems.
"Cheapest is not always best…But at the same time, you don't want to overpay," Madine said, illustrating the point with a customer whose engine shipments carry multi-million-dollar consequences if delayed.
#madine #shippers #parcel #cheapest
ShipStation Global is formally launching its less-than-truckload product, marking the first tangible freight expansion since the merger of software provider Auctane, formerly the parent of the Stamps.com andShipStation,and WWEX Group, which previously housed freight brokerages like Worldwide Express. The company's CEO said the rollout represents the opening move in a broader strategy to let small and midsize shippers purchase and manage all transportation modes through a single platform.
"Today's the first day we've really launched the LTL product," said Tom Madine, CEO of ShipStation Global, noting the company plans to add truckload, final mile, and eventually ocean and forwarding capabilities after establishing its inland position.
The strategic rationale centers on eliminating the workflow gap that forced ShipStation users to leave the platform whenever they needed to move freight beyond parcel. Customer surveys repeatedly flagged the absence of additional modes as the top improvement request, he said. With LTL now integrated, shippers can manage inbound inventory movements alongside outbound parcel without switching systems.
"Cheapest is not always best…But at the same time, you don't want to overpay," Madine said, illustrating the point with a customer whose engine shipments carry multi-million-dollar consequences if delayed.
#madine #shippers #parcel #cheapest
16 days ago
Encountering some rough seas earlier this summer, shares of The Metals Company (NASDAQ: TMC) sank 19.6% in July. Last month, however, the deep-sea mining specialist found calmer waters -- and its stock thrived as investors celebrated the company's reporting of second-quarter 2026 financial results. Plus, an ***** yst's bullish take on the stock provided a catalyst at the end of the month, propelling shares higher.
According to data provided by S&P Global Market Intelligence, shares of The Metals Company rose 34% in August.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Announcing Q2 2026 financial results on Aug. 13, The Metals Company reported earnings per share (EPS) of negative $0.14 -- a slimmer loss than the $0.20 it reported during the same period in 2025.
In the press release accompanying the Q2 2026 financial results, Gerard Barron, the company's CEO, reassured investors that The Metals Company is advancing steadily toward achieving the necessary certifications. Barron stated, "The regulatory picture is becoming clearer as our applications continue to progress through NOAA's [National Oceanic and Atmospheric Administration] review process." Moreover, Barron commented that despite encountering some delays, the company remains "confident that the permit will arrive well in advance of offshore vessel commissioning by the end of 2027, which we believe remains the critical path for production start."
#metals #barron #financial #flashing
According to data provided by S&P Global Market Intelligence, shares of The Metals Company rose 34% in August.
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Announcing Q2 2026 financial results on Aug. 13, The Metals Company reported earnings per share (EPS) of negative $0.14 -- a slimmer loss than the $0.20 it reported during the same period in 2025.
In the press release accompanying the Q2 2026 financial results, Gerard Barron, the company's CEO, reassured investors that The Metals Company is advancing steadily toward achieving the necessary certifications. Barron stated, "The regulatory picture is becoming clearer as our applications continue to progress through NOAA's [National Oceanic and Atmospheric Administration] review process." Moreover, Barron commented that despite encountering some delays, the company remains "confident that the permit will arrive well in advance of offshore vessel commissioning by the end of 2027, which we believe remains the critical path for production start."
#metals #barron #financial #flashing
16 days ago
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Nobody announces that they've stopped trusting you. They just start moving things out on weekday afternoons, a carload at a time, and by the time you notice, the good coat is already somewhere else. Central banks do this too but their subtle breaking up with you involves armored trucks, an ocean, and a press release that leans very hard on the word "logistics."
Between March and August, the Dutch central bank moved 86 tonnes of gold out of New York and Ottawa and into London. It called the project "crisis preparedness" and cited "increasing geopolitical unrest," which is central banker for saying the quiet part at a normal indoor volume.
De Nederlandsche Bank, DNB to its friends, closed 2025 sitting on 612.4 tonnes of gold worth €72.2 billion ($83.7 billion). About 31.3% of it lived in New York and another 19.7% in Ottawa, roughly 313 tonnes parked in North America. The 86 tonnes that left is a bit more than a quarter of that pile.
Roughly 59 tonnes never went anywhere at all. DNB sold that gold in New York and bought the same quantity in London, which is the bullion version of Venmo-ing a friend instead of driving across state lines with a duffel bag. The other 27-odd tonnes actually traveled, first from New York and Ottawa to DNB's own vault in the Dutch town of Zeist, then an equivalent amount from Zeist onward to London. The gold, in other words, flew with a layover. Structuring it that way let the bank skip melting down and re-casting bars to meet London's standards, which costs real money and carries the always-unwelcome risk of finishing the process with less gold than it started with.
#york #central #bank #roughly
Nobody announces that they've stopped trusting you. They just start moving things out on weekday afternoons, a carload at a time, and by the time you notice, the good coat is already somewhere else. Central banks do this too but their subtle breaking up with you involves armored trucks, an ocean, and a press release that leans very hard on the word "logistics."
Between March and August, the Dutch central bank moved 86 tonnes of gold out of New York and Ottawa and into London. It called the project "crisis preparedness" and cited "increasing geopolitical unrest," which is central banker for saying the quiet part at a normal indoor volume.
De Nederlandsche Bank, DNB to its friends, closed 2025 sitting on 612.4 tonnes of gold worth €72.2 billion ($83.7 billion). About 31.3% of it lived in New York and another 19.7% in Ottawa, roughly 313 tonnes parked in North America. The 86 tonnes that left is a bit more than a quarter of that pile.
Roughly 59 tonnes never went anywhere at all. DNB sold that gold in New York and bought the same quantity in London, which is the bullion version of Venmo-ing a friend instead of driving across state lines with a duffel bag. The other 27-odd tonnes actually traveled, first from New York and Ottawa to DNB's own vault in the Dutch town of Zeist, then an equivalent amount from Zeist onward to London. The gold, in other words, flew with a layover. Structuring it that way let the bank skip melting down and re-casting bars to meet London's standards, which costs real money and carries the always-unwelcome risk of finishing the process with less gold than it started with.
#york #central #bank #roughly
16 days ago
Chinese refiners are paying a hefty premium for Russia's ESPO crude to replace Iranian crude that independent refiners were importing before the U.S. installed its naval blockade on the country.
East Siberia-Pacific Ocean crude, or ESPO, for delivery in November is trading at a premium of over $7 per barrel, with offers reaching as high as $10 per barrel over Brent crude, Bloomberg reported today, citing traders. The blend is loaded from Russia's Far East coast and can reach the buyers in China in less than a week, the publication noted.
China is the biggest buyer of ESPO crude, with a market share of 83% for the first seven months of the year. However, this share is down from 88% a year earlier. The change came amid stronger ESPO buying from Indian refiners, whose market share for the Far Eastern Russian crude blend went up from 12% to 16% for the first seven months of the year, according to data from Kpler and Vortexa. Total oil exports from Russia's Far Eastern port of Kozmino ticked up by 6% over the first seven months of the year.
India raised its ESPO imports due to the slump in overall Chinese oil imports between May and June, and the supply disruptions in the Middle East, which delayed many term cargoes Indian refiners were expecting in the early summer.
Normally, Indian refiners prefer the Urals blend but have now warmed up to ESPO even though it takes longer to reach its destinations in India and is costlier than Urals. However, the Far Eastern blend is a good backup option for Indian buyers in times of disruption, according to energy ***** ysts.
#year
East Siberia-Pacific Ocean crude, or ESPO, for delivery in November is trading at a premium of over $7 per barrel, with offers reaching as high as $10 per barrel over Brent crude, Bloomberg reported today, citing traders. The blend is loaded from Russia's Far East coast and can reach the buyers in China in less than a week, the publication noted.
China is the biggest buyer of ESPO crude, with a market share of 83% for the first seven months of the year. However, this share is down from 88% a year earlier. The change came amid stronger ESPO buying from Indian refiners, whose market share for the Far Eastern Russian crude blend went up from 12% to 16% for the first seven months of the year, according to data from Kpler and Vortexa. Total oil exports from Russia's Far Eastern port of Kozmino ticked up by 6% over the first seven months of the year.
India raised its ESPO imports due to the slump in overall Chinese oil imports between May and June, and the supply disruptions in the Middle East, which delayed many term cargoes Indian refiners were expecting in the early summer.
Normally, Indian refiners prefer the Urals blend but have now warmed up to ESPO even though it takes longer to reach its destinations in India and is costlier than Urals. However, the Far Eastern blend is a good backup option for Indian buyers in times of disruption, according to energy ***** ysts.
#year
