Uninspiring SATS chugs along as rival preps IPO push
Things are moving, not only in Singapore
The port industry has welcomed a newly-listed operator after Abu Dhabi Ports (ADP) completed its partial initial public offering and began trading on the Abu Dhabi Exchange (ADX) today.
ADPORTS shares on the ADX debuted at AED3.2 ($0.87) per share and had gained about 16% by mid-morning to AED3.72.
Formally 100% controlled by the state-owned by Abu Dhabi Development Fund (ADQ), just under 25% of ADP’s stock is now free to trade following a pre-listing primary issuance that raised AED4bn ($1.08bn).
The deal ...
Container freight rates: 'collapse' is the word, says Xeneta
CMA CGM liner trades pummelled in Q1 – and there's worse to come
Mexican rail seizures give near-shoring interests pause for thought
Cargo shifts back to US west coast ports, but some has gone for good
Worker no-shows force US west coast port terminal shutdowns
Digital forwarders back in the spotlight: can they compete?
Major box lines still fighting over diminishing supply of smaller ships
'Alarming signals' as airfreight capacity rises and rates fall
Hapag-Lloyd CEO bullish on prospects for a peak season
Hapag-Lloyd kicks off its ship demolition programme
Evergreen and Wan Hai face up to bearish market as profits tumble
FedEx pilots win ‘tentative agreement’ on new contract after strike threat
Comment on this article