digitalization

DFDS unveils four strategic pillars for next five years

Danish ferry operator DFDS unveiled four strategic pillars as part of its efforts to achieve market growth in the next five years. The four strategy pillars include a mix of organic as well as structural initiatives, including acquisitions, while digitalization is high on the agenda. 

Baleària commits to innovation and sustainable growth

In 2018, Baleària handled 4.320.000 passengers, an increase of 11% and 1.209.000 vehicles, an increase of 17% on its 23 routes with an overall of 1.109.000 on its five international routes. Cargo accounts for half of Baleària’s business, with a growth of 3.5%.

Inmarsat agrees $3.4 billion takeover by consortium

The British satellite communications company Inmarsat has agreed to a $3.4bn (£2.6bn) takeover by a group led by the private equity firms Apax and Warburg Pincus, becoming the latest UK technology business to be sold to investment companies.

Banks moving towards digital trade operations

Over 60% of banks surveyed in the ICC report Global Trade: Securing Future Growth have implemented, or are in the process of implementing, technology solutions to digitalise their trade finance operations. However, only 9% reported that the solutions implemented have reduced the time and costs in trade finance transactions.

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