Media Industry News

French shipping group CMA CGM expects container freight demand to improve from next year but the group's profits will continue to ease this year as a slump in freight rates from record highs and a weak economy weigh on results, it said on Friday.The company, privately controlled by the Saade family, reported a second-quarter net profit of $1.3 billion, down from $7.6 billion in the year-earlier period and from $2.0 billion in the first quarter. It expects the first quarter to…

CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx of new vessels cool the container shipping market after a record 2022.The company, based in Marseille and privately controlled by the founding Saade family, on Friday reported a first-quarter net profit of $2.0 billion, compared with $7.2 billion in the year-earlier period, and said in a statement it expects the first quarter to be its most profitable of 2023.CMA CGM is among shipping firms to have posted record profits last year, after the COVID-19 pandemic tri

Richard Murphy has been named President and Chief Executive Officer of BPA Worldwide, a leading global assurance provider of media, technology, events, and sustainability compliance. He replaces Glenn Hansen, who has announced his intent to retire in June 2023. In the interim, Hansen has been named Executive Strategic Advisor to focus on BPA iCompli Sustainability and Event Audit practices.Murphy brings 30 years of experience with BPA to this position. He was formerly Executive Vice President…

Eco-Business, Asia Pacific’s leading media organisation dedicated to reporting on sustainable development, has unveiled a new membership programme for its growing community. The EB Circle is a new dedicated network in which readers who sign up for just S$60 a year will gain priority invites to its events, access to an inner circle of professionals committed to sustainability on the Slack platform, media training opportunities and more. Since Eco-Business was founded in 2009, it has been committed to providing a platform for the region to discuss sustainability issues, and to shed light on matters that are under-reported in the mainstream media.

SpeedCast International Limited announced the acquisition of Geolink Satellite Services, part of the CETel Group. The closing of the transaction is subject to regulatory approval. The acquisition follows SpeedCast’s acquisitions of two satellite industry players, SatComms Australia and Oceanic Broadband, in the Australasia region in the past 12 months. Geolink Satellite Services is a provider of satellite communication solutions in the African market, servicing customers in more than 20 African countries in the oil and gas, mining, media, NGO and maritime sectors. According to global satellite communications service provider SpeedCast…

Thuraya Telecommunications Company announce certification of a range of MediaComms Solutions for its  IP terminal. At the heart of Thuraya MediaComms is Thuraya IP, which is the world’s most compact satellite data modem, which is now fully compatible with the media industry’s favored broadcast solutions including: Clipway, Livewire, Globecast, Streambox and Quicklink. Mr. John Huddle, Head of Media Services at Thuraya said, “Thuraya delivers the highest standards of reliability, security and performance so that journalists can remain focused on breaking the news, without having to worry about staying connected. All of our Thuraya MediaComms solutions undergo a rigorous testing and certification process.

Australian Parliament's new maritime legislation will revamp Australian maritime regulatory responsibilites in 2013. The Australian Maritime Safety Authority (AMSA) will become the national regulator for all domestic commercial vessels in Australia, with state and Northern Territory maritime agencies exercising AMSA delegations in administering national standards. The new Navigation Act 2012 will modernise the way international shipping is regulated by AMSA, providing for high levels of safety and protection of the marine environment through transparent and flexible regulation. The Regulatory Affairs and Reform Division will become the Domestic Vessel Division.

After almost four years with Derecktor Shipyards, Enrico Sala is following his family in its move back to Europe. He will be working with the Italian Challenge for the next America’s Cup and we are certainly excited for him at the idea. As marketing manager Enrico handled all our image promotion, advertising, public relations with media, industry and clients relations as well as trade shows exhibits and attendance. He also coordinated all yacht bids and yacht sales and contracts, besides taking care of Derecktor’s Internet needs and web presence.

Japan Radio Company, Ltd., announces the addition of three new members to the staff in North America. Buddy Morgan is national sales manager in light marine and commercial fishing, Dennis Hogan is high seas sales manager and Patricia Beth Barker is public relations and marketing coordinator. 2003 begins the introduction of a new line of cutting edge Marine Electronics with innovative designs and advanced technology, which is an expansion into the pleasure craft Marine Electronics sector. Buddy Morgan brings over twenty years of experience in product development, sales and management with VEI, Datamarine, Simrad, Trimble and Raytheon. His extensive knowledge in all aspects of sales, service, support and marketing makes him a key player in JRC’s move to the forefront.