Nvidia has raised $25 billion through its largest bond sale, drawing a wave of investor demand that underlines Wall Street’s confidence in long-term artificial intelligence spending despite rising questions over the cost of the global data-centre buildout. The Santa Clara-based chipmaker priced the investment-grade deal on June 15 after initially targeting at least $20 billion. Orders reached about $85 billion, allowing the company to expand the transaction […]
Arabian Post Staff -Dubai A proposed $300 billion private investment fund has become the most sensitive economic element in the US-Iran framework agreement, with more than half of the target committed as Washington and Tehran prepare for a formal signing ceremony on Friday. The vehicle, described by a person with direct knowledge as the Reconstruction and Development Fund, is intended to create a commercial incentive for both […]
Refreshed five-year Encompass roadmap highlights accelerated fleet decarbonisation and proactive talent integration as key competitive advantages
HONG KONG SAR – Media OutReach Newswire – 17 June 2026 – The Caravel Group, a diversified global conglomerate with core businesses in maritime services, commodity trading and investment management, today released its fifth annual Responsibility Report, Encompass. The report details the Group’s progress, key achievements and future targets in running a sustainable and resilient business, with a particular focus on its ship management subsidiary, Fleet Management Limited.
Guided by the four core pillars of the Encompass strategy—Navigating Responsibly, Evolving Environmental Stewardship, Safeguarding People and Working Together—the 2025 report demonstrates how the Group has successfully translated high-level ESG ambitions into measurable, accountable day-to-day operational practices across ship and shore.
Dr. Harry S. Banga, Founder & Executive Chairman of The Caravel Group, said: “Five years ago, we established Encompass as our guiding compass. This fifth annual report is a testament to how we have built a business trusted to perform responsibly, adapt with discipline and remain relevant in a volatile maritime industry. By formally embedding ESG metrics into performance reviews for all onshore employees and establishing strategic initiatives like our LNG bunkering joint venture, we have ensured that responsibility and performance are no longer separate conversations.”
The Group achieved a 42% reduction in managed ship GHG emission intensity from its 2008 baseline, significantly exceeding its established 2030 target of a 30% reduction.
Currently, 74% of the managed fleet is equipped with advanced Energy Saving Devices (ESDs), including high-performance hull paint, Propeller Boss Cap Fins (PBCFs) and variable speed motors, keeping the Group firmly on track to equip 100% of its fleet by 2030.
The Caravel Group entered a strategic joint venture with Celsius Shipping to co-own and operate a new fleet of high-specification LNG bunkering vessels, supporting the maritime sector’s wider transition towards cleaner fuels.
2. Navigating Responsibly & Digital Innovation
The Group continued the active pilot deployment of Captain’s Eye, an AI-powered maritime safety solution using onboard CCTV to detect smoke, leaks and safety hazards in real-time.
Upgrades to PARIS (integrated fleet management platform) and NOVA (data analytics) provided vessel owners with real-time financial, EU ETS and FuelEU Maritime compliance reporting, bolstering transparency and proactive risk management.
3. Safeguarding People & Safety Excellence
Port State Control (PSC) detentions across the fleet plummeted from 22 in 2023 to just 5 in 2025, driven by the Group’s increasingly rigorous safety protocols and strengthened reporting discipline.
The Group recorded an exceptional 91% wellbeing score in its annual employee survey, surpassing its 78% target set for 2028 ahead of schedule.
4. Working Together, Talent & Community Engagement
Following its landmark acquisition of the International Maritime Institute (IMI) in India, the Group integrated a highly reliable, Group-aligned talent channel, welcoming over 500 job-ready cadets to Fleet Management in 2025.
The Caravel Group recorded a 92% employee engagement score and a 93% Diversity, Equity and Inclusion (DEI) score.
In line with its pledge to commit at least 2% of average net profits over the previous three years to social causes, the Group contributed USD 1,529,993 to community partnerships, education initiatives and disaster relief programmes.
Mr. Angad Banga, Group Chief Executive Officer of The Caravel Group, added: “In today’s market, sustainability is no longer a future consideration—it is an active operating condition. Regulatory frameworks like FuelEU Maritime and EU ETS carry real economic consequences, and our clients look to us for the systems, judgment and commercial depth to navigate this landscape. By pairing digital tools with a robust talent pipeline through the IMI, we are building organisational capability before the moment it is needed, creating a lasting competitive advantage.”
The issuer is solely responsible for the content of this announcement.
About The Caravel Group Limited
The Caravel Group, headquartered in Hong Kong, is a privately held and globally diversified group with operations across maritime services, dry bulk commodity trading, institutional investment management, and philanthropy. Its maritime division includes Fleet Management Limited, one of the world’s largest third‑party ship managers, with more than 500 vessels under management, and strategic investments, including a major stake in Pacific Basin (HKEX: 2343). Caravel also owns the International Maritime Institute (IMI) in India, reinforcing its commitment to maritime talent development. Through Caravel Asset Management, the Group invests globally across public markets and private equity, while its philanthropic arm, The Caravel Foundation, supports the education and well-being of underprivileged youth across Hong Kong, China, and India.
Fleet Management Limited, part of The Caravel Group, is one of the world’s largest third‑party ship managers, with more than 500 vessels under management. This scale bears testament to the resilience and commitment of thousands of seafarers and onshore maritime professionals serving shipowners worldwide.
Fleet manages a range of vessels, including bulk carriers, containers, car carriers, oil tankers, gas carriers and chemical tankers from 600 to 320,000 DWT in size – with many being young and energy-efficient with an age profile below the industry average. The company also has a dynamic newbuilding supervision department.
Elon Musk’s personal fortune of $1.3 trillion exposes a flaw in one of investing’s most widely accepted ideas. The financial advice industry has for decades championed diversification as the answer to almost every investment challenge. Build a broad portfolio, spread risk, own the market and stay patient. Indeed, it’s sensible advice and, for many investors, entirely appropriate. Yet diversification has gradually evolved from a risk-management tool into […]
Chainguard has launched Athena, a coalition backed by major financial, technology and security groups to repair open-source software flaws before attackers can use artificial intelligence to find and weaponise them. The initiative brings together BNY, Cisco, Cloudflare, Corridor, DepthFirst, Docker, JPMorganChase, Kyndryl, LTM and PwC, with Chainguard acting as the coordinating platform. Athena is already operational with more than two dozen participating organisations, having processed over 20,000 […]
HANOI, VIETNAM – Media OutReach Newswire – 16 June 2026 – Vietnam National Chemical Group (Vinachem) has been recognized for the first time in the 2026 Fortune Southeast Asia 500 (Fortune SEA 500) ranking, marking a significant milestone in the Group’s development journey and reaffirming its position as one of Vietnam’s leading industrial corporations on the regional economic landscape.
According to Fortune, Vinachem ranked 148 among Southeast Asia’s 500 largest companies in 2026. This marks the third year that Fortune has published the Southeast Asia 500 ranking, recognizing companies that demonstrate scale, operational excellence, and significant contributions to regional economic development. The list ranks companies based on total revenue across seven countries in the region, including Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Based on Fortune’s report, Vinachem recorded revenue of USD 2.332 billion and profit of USD 103.8 million in 2025. These results reflect the Group’s solid financial foundation, resilience in responding to market fluctuations, and the effectiveness of its restructuring and productivity improvement efforts across the organization.
Mr. Nguyen Huu Tu, Chief Executive Officer of Vietnam National Chemical Group (Vinachem), said:”Vinachem’s inclusion in the Fortune Southeast Asia 500 ranking as early as 2026 represents a significant milestone in the Group’s development journey. It is a tangible outcome of our determined efforts to implement the directives set forth by the Politburo in Resolution No. 79-NQ/TW dated January 6, 2026, which aims to have 50 state-owned enterprises ranked among Southeast Asia’s 500 largest companies by 2030.
This recognition not only acknowledges the efforts of nearly 20,000 employees, engineers, and workers across Vinachem in driving innovation, transformation, and sustainable development, but also reflects the growing competitiveness of Vietnamese industrial enterprises in the regional integration process.
The achievement provides further momentum for Vinachem to accelerate innovation, digital transformation, green transition, and the development of high-tech industries. At the same time, it reinforces our commitment to fulfilling our role as a core enterprise of Vietnam’s chemical industry and contributing to the goal of building large-scale, efficient, and internationally competitive state-owned economic groups in line with the spirit of Politburo Resolution No. 79-NQ/TW.”
The development of the VinachemMart e-commerce platform and the launch of the Vinachem Agriculture platform represent concrete steps in implementing this strategy. While VinachemMart contributes to advancing digital commerce and strengthening market connectivity, Vinachem Agriculture seeks to connect farmers with scientists, experts, businesses, and government agencies, thereby improving the efficiency of the agricultural value chain and promoting green and sustainable agricultural development.
Looking ahead, Vinachem has identified innovation, digital transformation, green transition, and sustainable development as its key growth drivers. The Group is prioritizing investment in high-value, technology-intensive sectors, including pharmaceutical chemicals, advanced materials, chemicals serving the electronics and semiconductor industries, rare-earth extraction and processing, and circular economy initiatives. In parallel, Vinachem is investing in research and development (R&D) centers and integrated industrial parks designed around modern, circular, and sustainable principles, contributing to the enhanced competitiveness of Vietnam’s chemical industry within regional and global value chains.
Vinachem’s inclusion in the Fortune Southeast Asia 500 reflects not only the Group’s scale and financial strength, but also the progress achieved through its transformation, international integration, and efforts to elevate the standing of Vietnam’s chemical industry. This recognition provides a solid foundation for the Group to continue fulfilling its role as a leading enterprise, contributing to national industrial development and strengthening the presence of Vietnamese enterprises on the regional economic stage.
Hashtag: #Vinachem
The issuer is solely responsible for the content of this announcement.
Dubai’s DMCC has signed a strategic memorandum of understanding with Tether, the issuer of the USDT stablecoin, to expand collaboration in blockchain infrastructure, digital assets and tokenised finance, placing one of the world’s largest stablecoin operators deeper inside the emirate’s fast-growing digital trade ecosystem. The agreement, announced on 16 June, sets out a framework for Tether to work with DMCC on blockchain-based communication and payment infrastructure, advisory […]
Oil prices fell to three-month lows as a US-Iran framework to reopen the Strait of Hormuz and place Tehran’s enriched uranium stockpile under international control moved towards a planned June 19 signing in Geneva, easing fears of a deeper Gulf energy shock. Brent crude slipped to about $83 a barrel on Tuesday after a sharper fall at the start of the week, while West Texas Intermediate traded […]
A network of 23 Chrome browser extensions has exposed about 758,000 users to privacy and phishing risks by taking control of default search settings and routing queries through monetised redirect systems. The campaign, tracked as SearchJack, shows how ordinary-looking browser tools can turn search traffic into affiliate revenue while giving users little practical visibility into who handles their queries. The extensions were presented as satellite imagery tools, […]
Arabian Post Staff -Dubai Dubai Chambers has used a London business dialogue to press Dubai’s case as a global base for British companies seeking expansion across the Gulf, Africa and Asia, as trade and investment links between the emirate and the United Kingdom gather pace. The session, organised with the London Chamber of Commerce and Industry, brought together British investors and business leaders for discussions on market […]
Nintendo is facing an unverified data-extortion claim after a threat actor alleged it obtained nearly 859MB of employee-linked corporate records and demanded $2 million to prevent publication. The claim, attributed to an online actor using the handle SHADOWBYT3$, centres on data allegedly connected to TINYpulse, an employee engagement and feedback platform associated with WebMD Health Services. The material is said to include workforce survey records, corporate email […]
The World Bank Group has raised $509 million through a second loan-backed bond deal, taking its emerging-market securitisation programme past $1 billion as it seeks to draw more private capital into businesses that can expand employment across developing economies. The transaction, closed through the International Finance Corporation, packages 62 IFC-originated loans from different sectors into a collateralised loan obligation, or CLO. It follows a $510 million debut […]
SHANGHAI, CHINA – Media OutReach Newswire – 15 June 2026 – On June 11, the People’s Bank of China (PBOC) and Bank Indonesia held the Second Governors’ Meeting of the Joint Work Program in Shanghai, announcing a series of financial cooperation outcomes. The China-Indonesia cross-border QR payment linkage was officially launched in the presence of the governors of both central banks. With this milestone, the number of UnionPay QR merchants outside the Chinese mainland has surpassed 46 million. In attendance at the ceremony were Dong Junfeng, Chairman of China UnionPay and UnionPay International (UPI); Santoso Liem, Chairman of the Indonesian Payment System Association (ASPI); Ge Haijiao, Chairman of Bank of China; Larry Wang, CEO of UPI; and Yang Peng, CEO of Ant International.
Under the government-to-government (G2G) framework, guided by both central banks, and with participation from multiple industry stakeholders, the payment linkage has become a benchmark for digital finance cooperation between China and Indonesia, creating profound impact in the following ways.
First, the linkage delivers convenient, secure, and efficient cross-border payment services to the people of both countries, facilitating bilateral people-to-business exchanges and promoting trade relations.
Second, UnionPay has fully leveraged its role as the hub of the payment industry, collaborating with Ant International and Bank of China (Hong Kong) Jakarta Branch to set a prime example of Chinese enterprises working in concert for global expansion.
Third, the project pioneers bilateral local currency settlement, whereby transactions made by Indonesian wallets in the Chinese mainland are settled in RMB, and transactions made by Chinese wallets in Indonesia are settled in Indonesian Rupiah—effectively enhancing the acceptance and user stickiness of the RMB in international markets.
Fourth, the initiative creates a replicable, scalable framework for cross-border payment connectivity, paving the way for an expansion into more regions across the globe, such as Latin America and Europe.
With the full rollout, two-way cross-border QR code payments have achieved near-nationwide coverage. So far, payment networks in seven out of the eleven ASEAN nations are interoperable with UnionPay.
Chinese users can now use the UnionPay App, banking apps integrated with the UnionPay MobileWallet Connect, and Alipay to make QR payments at tens of millions of QRIS (Quick Response Code Indonesian Standard) merchant locations across Indonesia. Likewise, visitors from Indonesia can pay to UnionPay and Alipay QR merchants in the Chinese mainland with dozens of major Indonesian wallets, such as MyBCA, OVO, DANA, GoPay, Mandiri and ShopeePay.
In recent years, UnionPay continues to grow its global card and QR payment networks and enhance its cross-border payment ecosystem. To date, UnionPay has launched over 200 UnionPay-powered wallets in 37 countries and regions outside the Chinese mainland. Since the beginning of 2026, transactions made by these wallets in China have doubled year-on-year in both transaction count and value, while the number of QR payments made outside the mainland by the UnionPay App and Chinese partner wallets has surged over 300% year-on-year. Moving forward, UnionPay will remain committed to its strategic vision of “Trusted Ties, Shared Success”, scale up two-way payment linkages, enhance user experiences, and deliver more benefits to consumers worldwide.
Hashtag: #UnionPay
The issuer is solely responsible for the content of this announcement.
Arabian Post Staff -Dubai Washington and Tehran have accepted a preliminary framework aimed at ending their war, lifting the U. S. blockade of Iran and reopening the Strait of Hormuz, a move that pushed oil prices lower while leaving Iran’s nuclear programme for another round of negotiations. President Donald Trump declared the agreement “complete” on Truth Social on Sunday evening in Washington, shortly after Pakistan’s Prime Minister […]
Arabian Post Staff -Dubai US President Donald Trump’s assertion that an interim agreement with Iran would be signed on Sunday and immediately reopen the Strait of Hormuz has exposed a widening gap between Washington’s public confidence and Tehran’s more guarded account of the negotiations. Trump said in a social media post on Saturday that “the Deal is scheduled to get signed tomorrow” and that, once completed, the […]
By K Raveendran The promise of a ‘great settlement’ from President Trump has been enough to pull oil prices lower, calm equity markets and revive hopes that the Strait of Hormuz may return to normal traffic. Yet it shows how fragile the relief remains. A diplomatic opening can move prices in an instant, but a […]
Arabian Post Staff -Dubai Abu Dhabi has denied claims that money was transferred from the UAE to Iran, rejecting allegations that frozen Iranian assets, including a reported $3bn tranche, had been released or routed through its financial system. The Ministry of Foreign Affairs said the reports were “entirely false and unfounded” and stressed that no frozen Iranian funds had been released, transferred or facilitated through the country. […]
Arabian Post Staff -Dubai Abu Dhabi’s International Holding Company has begun an AED1.8 billion share repurchase, opening the first tranche of an approved AED5 billion buyback after a sharp rise in first-quarter profit and continued expansion across its investment portfolio. The initial purchase, launched on 12 June, represents 36 per cent of the total programme approved by shareholders at the company’s annual general assembly on 16 March […]
Arabian Post Staff -Dubai The UAE has firmly rejected allegations that money was moved from the country to Iran, including claims involving as much as $3bn, saying no frozen Iranian assets have been released, transferred or facilitated through its territory. The Ministry of Foreign Affairs said reports carried by unnamed international media outlets were “entirely false and unfounded”. The statement followed accounts suggesting that funds linked to […]
The Linux Foundation has launched OpenSharing, a vendor-neutral protocol aimed at standardising how companies exchange AI agents, models and data across platforms, marking a fresh attempt to curb fragmentation as enterprises move from pilot projects to production-scale agentic AI. The project, contributed by Databricks and now hosted under Linux Foundation governance, extends the Delta Sharing protocol beyond structured data into AI-era assets such as agent skills, machine-learning […]
A cross-border policing operation has dismantled AudiA6, a cryptocurrency laundering service accused of helping ransomware gangs and other cybercriminals move more than €336 million through hidden digital-asset channels. Two alleged administrators were arrested in Georgia on 10 June after investigators targeted the platform’s clear web and dark web infrastructure, seized domains, blocked Telegram accounts and replaced AudiA6 and Dark2Web pages with law-enforcement seizure banners. The action struck […]
Securitize has expanded its tokenised AAA CLO fund to Solana, adding a major blockchain venue to a product built with BNY for institutional structured-credit exposure. The Securitize Tokenized AAA CLO Fund, known as STAC, will now be available to eligible investors through Solana, with Ethena Labs planning a $250 million allocation. The commitment ranks among the largest planned deployments into tokenised structured credit on the Solana ecosystem […]
XIAMEN, CHINA – Media OutReach Newswire – 12 Jun 2026 – On June 12, the 7th Cross-Strait Financial Forum and Taiwan-Funded Enterprise Development Forum was held in Xiamen.The event was jointly organized by the Fujian Provincial Financial Regulatory Administration, the Xiamen Municipal Financial Regulatory Administration, and the Association of Taiwan Investment Enterprises on the Mainland, hosted by Xiamen Jinyuan Investment Group, and executed by Jinyuan Uni-President Securities. Under the theme “Three Years of Integration Embarking on a New Journey, United Development Writing a New Chapter,” the forum focused on cross-strait financial cooperation, expanded financing channels for Taiwan-funded enterprises, industrial transformation and upgrading, and financial innovation between Fujian and Taiwan. It aimed to support Fujian’s efforts to accelerate the development of the first-choice home for Taiwan compatriots and Taiwan-funded enterprises on the mainland.
This year’s forum is an important supporting event of the 18th Cross-Strait Forum. During the event, nine Fujian-Taiwan financial integration projects were signed, with a total value of RMB 9.1 billion. The projects cover a wide range of financial services across areas including cross-strait industrial cooperation, water supply security for public welfare, capacity upgrades for long-established Taiwan-funded enterprises, technology and innovation industries, and modern agriculture. These initiatives continue to unlock the benefits of financial policies, promote shared access to financial resources for Taiwan compatriots and Taiwan-funded enterprises, and inject new momentum into industrial integration between Fujian and Taiwan.
At the forum, the Cross-Strait Wealth and Asset Management Cross-Sector Alliance was officially inaugurated. Supported by Jinyuan Group and jointly proposed by its affiliated financial institutions, the alliance was co-founded by Xiamen International Trust, Jinyuan Uni-President Securities, Yuanxin Yongfeng Fund, Fubon Bank (China), Junlong Life Insurance, and Xiamen Chang Gung Hospital, among others. Centered on serving the wealth management and asset management needs of people on both sides of the Taiwan Strait, the alliance aims to build a one-stop service platform covering asset allocation for Taiwan compatriots and Taiwan-funded enterprises on the mainland, family trusts and wealth succession planning, pension finance, and healthcare protection solutions.
The forum also unveiled a series of innovative financial achievements related to Taiwan. The banking industry’s first group standard dedicated to Taiwan-related financial services on the mainland, the “Specification for Taiwan-Related Financial Services of Banking Financial Institutions,” was officially released. At the same time, the “Bailufen” Taiwan Compatriot Financial Service Platform was introduced, further enhancing financial services for Taiwan compatriots living in Fujian and supporting the development of Taiwan-funded enterprises.
Hashtag: #StraitsFinancialForum
The issuer is solely responsible for the content of this announcement.
HAMILTON, BERMUDA – Media OutReach Newswire – 12 June 2026 – Verdant Rock Limited has received a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings effective 12 June 2026. Combined with a Class 3B Insurer license from the Bermuda Monetary Authority (BMA), effective 6 May 2026, the company is in a strong position to extend financial guarantees on bonds and loans in emerging markets for beneficiaries globally. We provide irrevocable, unconditional, on-demand financial guarantees designed to qualify as eligible credit protection under Basel and major insurance solvency regimes. We are focused on private liabilities and do not cover sovereigns, municipalities or provinces. Bonds and loans issued by emerging market corporations and banks, structured financings, asset-backed (ABS) and mortgage-backed (MBS) exposures in securities or loan format, and project finance are all within the Company’s remit.
“The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere.”
— Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited
Verdant Rock’s Class 3B registration can be verified via the BMA’s register of regulated entities (search “Verdant Rock”): https://www.bma.bm/regulated-entities
This announcement is (i) for information only; (ii) not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee; and (iii) not for distribution in any jurisdiction where to do so would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.
Hashtag: #VerdantRock
The issuer is solely responsible for the content of this announcement.
ABOUT VERDANT ROCK
Verdant Rock Limited is a Bermuda-based insurance company, regulated by the Bermuda Monetary Authority, providing Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, for the benefit of institutions globally.
www.caravel-group.com
