Pfizer to invest up to $500M in public companies with drugs in the clinic

first_imgBiotech Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. What is it? By Damian Garde June 2, 2020 Reprints About the Author Reprints Damian Garde [email protected] Log In | Learn More Pfizer, the world’s largest drug company, is going to try its hand at picking biotech stocks.The New York pharma giant has set aside up to $500 million that it will invest in publicly traded companies with drugs in the clinic. Pfizer would take non-controlling stakes, with a focus on companies with small to medium market values. The program, called the Pfizer Breakthrough Growth Initiative, would give companies access to the company’s scientists, clinicians, and manufacturing experts, if they want it. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.center_img What’s included? Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED Spencer Platt/Getty Images GET STARTED @damiangarde National Biotech Reporter Damian covers biotech, is a co-writer of The Readout newsletter, and a co-host of “The Readout LOUD” podcast. Pfizer to invest up to $500M in public companies with drugs in the clinic Tags biotechnologySTAT+last_img read more

Newest police recruits welcomed at Oxley and Townsville

first_imgNewest police recruits welcomed at Oxley and Townsville Minister for Police and Corrective Services and Minister for Fire and Emergency Services The Honourable Mark RyanMinister for Police and Corrective Services and Minister for Fire and Emergency Services, the Honourable Mark Ryan MP, joined Commissioner Katarina Carroll today to welcome the largest intake of new police recruits in nearly a decade.A total of 164 new recruits, have commenced their training at Queensland’s two police academies in Brisbane and Townsville, with an intake of 117 recruits and 47 recruits at the Brisbane and Townsville academies respectively.The new recruits, the first intake for 2021, will undertake a comprehensive training program, that will give them the broad range of skills and capabilities required to be a member of Queensland’s world class police service.The new intake also represents the first time a number of remotely based recruits have the option to complete some theory-based elements of the curriculum by way of a distance-based study program, prior to joining their colleagues at the academies.Commissioner Carroll said the future officers would each play an integral role in keeping Queensland safe for generations to come.“Each person is here today because they have demonstrated the commitment, values and attributes required to be a Queensland police officer,” Commissioner Carroll said.“Today they will begin a world-class training regime to prepare them with the skills required to face a range of policing scenarios.“I know that their time at the Academy over the coming months will be exciting, challenging and ultimately very rewarding and I am extremely pleased to be here today to share this experience.“I wish all our newest recruits the very best with their training and look forward to them joining the Service as First Year Constables.”Minister Ryan said the newest intake of recruits would bolster Queensland’s frontline services into the future.“These future officers will begin their careers with the QPS at an unusual and important time for our state,” Minister Ryan said.“The strength of our frontline services has never been more important to the safety and security of our state and I am confident that each person here today will play an important role in keeping our community safe.“The training each of these recruits will embark on today will equip them with skills to ensure they are well prepared to handle future challenges with professionalism and dignity.“This latest intake of recruits is part of the Palaszczuk Government’s watershed investment in police personnel, the biggest investment in policing in three decades, that will deliver an extra 2,025 personnel over five years.“I congratulate each recruit here today for their commitment to serving the community and wish them all the best with their training over the coming months.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Brisbane, Carroll, Commissioner, community, Emergency, Fire and Emergency Services, future, Government, Investment, Minister, Oxley, Palaszczuk, QLD, Queensland, Ryan, security, Townsvillelast_img read more

Kamala Harris leads campaign fundraising in Santa Monica

first_imgHomeFeaturedKamala Harris leads campaign fundraising in Santa Monica Aug. 02, 2019 at 2:41 pmFeaturedNewsPoliticsKamala Harris leads campaign fundraising in Santa MonicaMadeleine Pauker2 years agobernie sandersBeto O’Rourkeelizabeth warrenjoe bidenkamala harrisMid CitynomanortheastOcean ParkPete Buttigiegpicosunset parkwilmontKamala Harris is the top fundraiser in Santa Monica. (Wikimedia Commons) Sen. Kamala Harris has raised more money in Santa Monica than any other Democratic candidate for president, according to data released this week.Santa Monicans have donated more than $265,000 to Harris’ campaign and she is the top fundraiser across all five zip codes in the city. The next highest fundraiser, South Bend, Ind. Mayor Pete Buttigieg, has pulled in a little more than $156,000 and former Vice President Joe Biden came in third with about $93,000. Residents also donated almost $77,000 to Sen. Bernie Sanders and $75,000 to Sen. Elizabeth Warren. Former Texas congressman Beto O’Rourke raised only $23,000.While Harris is leading the pack in her home state of California, Sanders has raised the most money across the country. As a whole, Santa Monica aligned with other well-to-do communities in California, which typically favored Harris by a wide margin. Sanders was more popular in working-class and rural areas. Even though Harris was by far the top fundraiser in Santa Monica, the contrasting preferences of the city’s five zip codes illustrated the political divides among Democrats of different income levels. Harris drew the most donations in all five, but whether she was followed by Buttigieg and Biden or Sanders and Warren correlated with the relative wealth of each zip code.90402, an affluent zip code north of Montana Avenue, led Santa Monica in total fundraising. Residents donated about $102,000 to Harris, $82,000 to Buttigieg and almost $50,000 to Biden. Warren came in fourth with $21,000 and Sanders trailed with $8,000.In the Wilmont and Northeast neighborhoods, which make up the 90403 zip code, residents also favored Harris and Buttigieg. The two candidates collected about $41,000 and $24,000, respectively. But Wilmont and Northeast residents favored Sanders more than their Noma neighbors, donating almost $20,000 to his campaign. Warren took less than $18,000 and Biden just $12,000.Residents of 90404, which encompasses parts of Mid-City and the historically diverse Pico neighborhood, primarily favored Harris, Sanders and Warren. They gave Harris more than $22,000 and Sanders almost $13,000. Warren raised more than $11,000, ahead of Biden’s $10,000 and Buttigieg’s $8,000.In the 90405 zip code, which corresponds to the Ocean Park and Sunset Park neighborhoods, Harris drew $60,000. Buttigieg raised $40,000, Sanders pulled in $28,000 and Warren collected $24,000. Residents donated about $20,000 to Biden’s campaign.Harris led downtown Santa Monica, or the 90401 zip code, with $40,000. Buttigieg and Sanders drew a modest $10,000 and $8,000, respectively. Biden and Warren each collected slightly less than $2,000.Sanders, who held a rally at Santa Monica High School last week, is the only candidate who has visited Santa Monica, but each candidate has made a stop in Los Angeles at least once this year.Nearby Pacific Palisades and Brentwood both donated the most money to Harris, followed by Buttigieg and Biden. Venice also preferred Harris, but Buttigieg and Warren placed second and third place in [email protected] :bernie sandersBeto O’Rourkeelizabeth warrenjoe bidenkamala harrisMid CitynomanortheastOcean ParkPete Buttigiegpicosunset parkwilmontshare on Facebookshare on Twittershow 2 comments I read this article in today’s SMPD print edition.I’d love to see a breakdown of individual donor support for all of the candidates.Kamala Harris’ big money donors may show that she raised the most money, but I would be surprised if Bernie Sanders had the greatest number of individual donors, as well as volunteers.. August 5, 2019 at 1:35 PM NOT my favorite…want her to stay in Senate where she can do most good Myla Reson says: 2 Comments center_img SUE MC HUGH says: August 5, 2019 at 2:03 PM Comments are closed. OrigamiFirst CBD store in Santa Monica opens on Main StreetYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall8 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor18 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press18 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press18 hours agoNewsCouncil picks new City ManagerBrennon Dixson18 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter18 hours agolast_img read more

SingTel to shut 2G network in 2-3 years

first_img Joseph Waring Singtel lights SA 5G network HomeAsiaNews SingTel to shut 2G network in 2-3 years 2G4GconsolidationLTELTE AsiaSingTel LIVE FROM LTE ASIA 2014: SingTel plans to consolidate its network infrastructure by shutting down its 2G network in two to three years and then reuse the spectrum.Kuan Moon Yuen, SingTel’s CEO for its consumer unit in Singapore, said the benefit of 4G to operators is being able to “move everyone up the curve, then we can shut down our 2G network and reuse that spectrum.”A major benefit of 4G to operators is of course a more efficient network (almost two times as efficient as 3G). But he said the real reason is to consolidate the network to “make it leaner, so you don’t have to operate multiple networks”.Giving a keynote at LTE Asia today, Yuen said SingTel launched VoLTE across Singapore last year. Customers are recognising the higher quality, but he said that they are not willing to pay more for high-quality voice, as operators around the world have found.He explained that VoLTE is important to operators because it’s not efficient to run two networks to support 4G since they have to fall back to 3G for voice. “Let’s move everybody over to 4G and VoLTE. But we need devices makers to come to the party. The ecosystem has to be there.”One big plus for VoLTE is that call set-up times are cut to less than two seconds from about 10 seconds with 3G.Yuen said LTE is about speed. “Once you give them the taste of speed, they want more — everywhere. We have to continuously enhance our coverage in elevators, car parks, etc.”Adoption of LTE has been four times faster than 3G, he said. It took 3G 32 months to overtake 2G; it took only 17 months for 4G to surpass 3G. This was due to a number of factors, such as more LTE-ready phones at the time of launch and a compressed technology cycle, which has quickly brought down the cost of phones and allowed 4G to go mainstream in just two years.He said 90 per cent of the phones sold are now 4G. 4G users consume twice as much data as 3G users. “We’re also seeing adoption in the prepaid segment – tourists want 4G.”The operator’s 4G customers make up 35 per cent of its users base but account for 40 per cent of data traffic.He said many customers now don’t want to offload to Wi-Fi – even at home because they’ll have to downgrade to 15-18Mb/s. Asia Author Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more center_img Singtel rethinks strategy after profit plummets Related AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 24 SEP 2014 LG Uplus phases out 2G Tags Previous ArticleWembley Stadium to be EE’s network “mothership”Next ArticleEU draft takes softer position on roaming – report last_img read more

AT&T taps Synchronoss for personal cloud

first_img Diana Goovaerts Synchronoss Technologies inked a deal to provide its white-label cloud service to AT&T, scoring its second major contract with a US operator in the space and drastically expanding its total addressable market.As part of the deal, Synchronoss will provide cloud services to help AT&T automate device backup and make it easier for customers to manage content. Its cloud platform will also enable AT&T to launch new service for customers, the company stated.On an earnings call, Synchronoss CFO David Clark said the AT&T deal builds on an existing cloud arrangement the company holds with Verizon, which provided a “significant portion” of the $167.2 million generated in cloud revenue in 2019.He added AT&T is expected to become a similarly valuable contributor over time.Synchronoss president and CEO Glenn Lurie (pictured) explained the company profits from its cloud deals based on the number of subscribers who sign up. He noted the combination of AT&T and Verizon’s customer pools offers Synchronoss a total addressable market of more than 270 million.Along with cloud contracts recently signed with prepaid provider Tracfone Wireless and device protection company Assurant, Lurie said the AT&T deal is expected to provide incremental revenue in 2020 and grow into a “meaningful revenue stream” in 2021 and 2022.“Assuming a very modest 5 per cent penetration over three years, these customers have the potential to grow into a pure SaaS revenue stream for Synchronoss that nearly equals our current cloud business.”In Q4 2019, Synchronoss posted a net loss of $14.6 million, an improvement from a loss of $101.9 million in Q4 2018, and increased revenue 10 per cent to $90.5 million. Lurie noted the latter marked the company’s “highest revenue quarter in two years”. Subscribe to our daily newsletter Back Amazon reels in MGM Tags Author AT&TcloudSynchronoss Technologies Related Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Home AT&T taps Synchronoss for personal cloud US chip funding tipped to top $150B AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 10 MAR 2020 AT&T pushes cybersecurity to public sector Previous ArticleCharter launches Spectrum Mobile 5G offerNext ArticleAirtel taps Cisco to prep core for 5G last_img read more

LPGA finale: Cancel that runaway

first_imgNAPLES, Fla. – Sung Hyun Park didn’t turn the CME Group Tour Championship into a runaway Saturday at Tiburon Golf Club. She left with bloody fingernails after a brutal day failing to cling to her spot atop the leaderboard. OK, they weren’t really bloody, but even the unflappable Park wasn’t immune to mounting pressure, with the Rolex world No. 1 ranking, the Rolex Player of the Year Award, the Vare Trophy for low scoring average, the CME Globe’s $1 million jackpot and the money-winning title among the prizes she knew were within reach when she teed it up. “It’s honestly some of the worst pressure,” Stacy Lewis said of CME week. “It’s so much pressure.  It’s just really hard to free yourself up and play golf.” Lewis isn’t in the mix for all those prizes this year, but the two-time Rolex Player of the Year and two-time Vare Trophy winner knows what the full weight of this week’s possibilities bring. “It’s almost nice to come here without all that pressure, but you want to be in that situation,” Lewis said. “It’s just really tough.” Park is no longer in charge at Tiburon. This championship is wide, wide open with a four-way tie for first place and 18 players within two shots of the lead. Park is one shot back after stumbling to a 3-over-par 75. Count Michelle Wie among the four tied for the lead after charging with a 66. Former world No. 1 Ariya Jutanugarn (67), Suzann Pettersen (69) and Kim Kaufman (64) are also atop the leaderboard. Kaufman was the story of the day, getting herself in contention with a sizzling round just two weeks after being diagnosed with mononucleosis. Park is in a seven-way tie for fifth place just one shot back. CME Group Tour Championship: Articles, photos and videos Full-field scores from the CME Group Tour Championship Lexi Thompson (69) is in that mix a shot back, as is Lewis (67), who is seeking to add a second title this year to her emotional win for Houston hurricane relief. For Wie, winning the tournament will be reward enough, given how her strong rebound this year seemed derailed in September by an emergency appendectomy. She was out for six weeks. Before the surgery, Wie fought her way back from two of the most disappointing years of her career, with six finishes of T-4 or better this season. She returned to the tour on the Asian swing in October. “I gained a lot of confidence this year,” Wie said. “I had a really tough year last year, the last couple years. Just really feeling like my old self. Really feeling comfortable out there and having fun. That’s when I play my best.” All the subplots make Sunday so much more complicated for Park and Thompson, who are best positioned for a giant haul of hardware. They have the most to gain in the final round. Park has already clinched the Rolex Rookie of the Year Award, but she can add the Rolex Player of the Year title, joining Nancy Lopez as the only players in LPGA history to win both those awards in the same season. Lopez did it in 1978. A fifth place finish or better could give Park the Player of the Year Award outright, depending what others do. “There are a lot of top players right now at the top of the leaderboard,” Park said. “Keeping my focus will be key.” Thompson can still take home the Rolex Player of the Year Award, the Vare Trophy and the CME Globe jackpot. She needs to win the tournament Sunday to win Player of the Year. Like Park, Thompson is trying not to think about it all of that. “I treat every tournament the same,” Thompson said. “I go into it wanting to win. I’m not really thinking about anything else.” The Vare Trophy for low scoring average is Thompson’s to lose. Park has to finish nine shots ahead of Thompson on Sunday to have a shot at the trophy, and they are tied at 9-under overall. The money-winning title is Park’s to lose. So Yeon Ryu has to win the tournament Sunday to have a chance to wrestle the title from Park, but Ryu has to pass 31 players to do so. The CME Globe’s $1 million jackpot remains more up for grabs, with Thompson and Park best positioned to win it, though Jutanugarn is poised to pounce if both stumble. A lot is still possible in the race for the jackpot. The pressure will be turned way up on the first tee Sunday. “There is always that little bit of adrenaline,” Thompson said. “You just have to tame it and control it.”last_img read more

All Donegal routes to be gritted from 6am tomorrow

first_img All Donegal routes to be gritted from 6am tomorrow Nine til Noon Show – Listen back to Monday’s Programme WhatsApp Twitter News, Sport and Obituaries on Monday May 24th Twitter RELATED ARTICLESMORE FROM AUTHOR Facebook Pinterest Important message for people attending LUH’s INR clinic By News Highland – February 5, 2018 Google+center_img Arranmore progress and potential flagged as population grows Google+ DL Debate – 24/05/21 Loganair’s new Derry – Liverpool air service takes off from CODA Previous article177 Donegal schools to share over €780,000 for computer equipmentNext articleFrasier star John Mahoney dies, aged 77 News Highland WhatsApp Motorists are being urged to be aware of “black ice” – particularly this evening.Drivers should look out for glossy surfaces, especially in sheltered or shaded areas as it could be black ice.Brian Farrell from the RSA says conditions could be treacherous:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/02/19farrell-weather-alt3-clip-ar.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Meanwhile these Donegal routes will be gritted from 6am tomorrow morning:Assume that no road is ice free. Facebook Pinterest Homepage BannerNewslast_img read more

Concern over ‘alarming’ level of anti-social activity in Ard O’Donnell

first_img Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Pinterest News, Sport and Obituaries on Monday May 24th Twitter Serious concern has been raised over what’s been described as an alarming level of anti-social activity on communal ground at a Letterkenny housing estate.A group of teenagers are said to be congregating at the green in Ard O’Donnell, participating in underage drinking and most recently, vandalised the reservoir located close by.In another incident, it’s understood that a sealant attached to the local pump station was torn off and thrown at an elderly resident who tried to confront the gang.One local resident Josephine has been describing the severity of the situation:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/09/josephine1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Previous articleGardai renew appeal for witnesses to fatal crash outside L’KennyNext articleSeamus Coleman to return sooner than expected News Highland Facebook AudioHomepage BannerNews WhatsApp Google+center_img DL Debate – 24/05/21 By News Highland – September 14, 2018 Arranmore progress and potential flagged as population grows RELATED ARTICLESMORE FROM AUTHOR Nine til Noon Show – Listen back to Monday’s Programme Facebook Google+ Concern over ‘alarming’ level of anti-social activity in Ard O’Donnell Important message for people attending LUH’s INR clinic Pinterestlast_img read more

Doherty accuses Government of failing homeless families this Christmas

first_img WhatsApp A Donegal Deputy has hit out at the Government over the high level of families remaining in emergency accommodation this Christmas.In the wake of the confidence and supply arrangement remaining in place until 2020, Deputy Pearse Doherty has accused both Fine Gael and Fianna Fail of doing little to address high rents and homelessness.Speaking in the Dail in recent days, Deputy Doherty says a number of key proposals had been on the table which the Government failed to implement and that he says is totally unacceptable:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/12/peacvxvxcvxcvxrse1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook WhatsApp FT Report: Derry City 2 St Pats 2 AudioHomepage BannerNews Facebook Pinterest Twitter By News Highland – December 18, 2018 Doherty accuses Government of failing homeless families this Christmas RELATED ARTICLESMORE FROM AUTHORcenter_img Twitter Journey home will be easier – Paul Hegarty Previous articleLUH second most overcrowded hospital in Ireland todayNext article95% of nurses and midwives vote in favour of strike News Highland Derry draw with Pats: Higgins & Thomson Reaction Google+ DL Debate – 24/05/21 Harps come back to win in Waterford Google+ Pinterest News, Sport and Obituaries on Monday May 24thlast_img read more

News / Box carrier profits from cheap oil will ‘just fuel freight rate war’ as demand sags

first_imgThe analyst noted that several carriers were able to post their best first-quarter results on record, but argued that the subsequent decline in freight rates, combined with an 11% quarter-on-quarter increase in bunker prices since, meant that carrier earnings were once again coming under pressure.And this, said Alphaliner, was being exacerbated by weak demand growth, “especially in the key Asia-Europe market, as well as in the South America, Africa and Australia-related trades”.It believes carriers will also be hampered by significant capacity hikes in the three main tradelanes where demand growth has been relatively strong so far this year: Asia-US east coast,  and transatlantic and intra-Asia routes.With a rate war in full swing on the all important Asia-Europe trades, extracting good returns from other routes becomes more important as compensation for periods of marginal or sub-economic voyages on the blue chip route.Meanwhile, many Asia-North Europe carriers have announced 1 June general rate increases (GRIs) – yet another attempt to propel rates higher before the peak season. Yesterday, Maersk announced a 1 June increase of $800 per teu on Asia-North Europe and $600 per teu on Asia-Mediterranean.However, recent history suggests that the life span of these ambitious GRIs is becoming shorter and shorter – the $581 per teu GRI-induced gain on the Shanghai Containerized Freight Index registered on 8 May nearly halved just a week later.The negative outlook following a good first quarter for ocean carriers has prompted more rumours concerning the underperforming APL, with a number of potential buyers being suggested in the halls of shipping networking events. Profitable Hong Kong-headquartered carrier OOCL has for some time been the favourite of the speculators, but candidates now being put forward include Maersk.Maersk Line grew by acquisition to become the world’s largest container carrier, but following considerable indigestion caused by its purchase of P&O Nedlloyd in 2005, just six years after its takeover of Sealand, it has shown little interest in any further M&A activity.In any event, argues Alphaliner, there has been no formal indication that APL is actually up for sale.Temasek Holdings, the government of Singapore’s investment arm and a 67% controlling shareholder of APL parent NOL, would, said Alphaliner, be “unlikely to sell NOL’s only remaining asset at a distressed price” – although this is likely to be the only reason interested buyers with deep enough pockets might be tempted to make a bid. With 13 major ocean carriers having reported their first-quarter results, boosted by a 49% fall in fuel prices and foreign exchange gains from an appreciating US dollar, consultant Alphaliner believes the high profits recorded in the period will only serve to fuel the freight rate war.Alphaliner calculates that average operating profit margins (OPM) improved significantly in the first three months, compared with the same period of 2014: the industry averaged an OPM of 5%, a great improvement on the negative 1.3% of the year before.Once again Taiwanese niche carrier Wan Hai outscored Maersk Line – recording an impressive 14% OPM, compared with the Danish line’s 11.7% and third-best CMA CGM’s 10.1%.Alphaliner’s OPM league table was propped up by Japan’s MOL with a negative 1.6% and Singapore-based APL’s marginal 0.8%. By Mike Wackett 20/05/2015last_img read more