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GEODIS Charters Tonnage to Alleviate Container Capacity Shortage on Asia-Europe Trade

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LEVALLOIS, PERRET – Media
OutReach
 – 10
February 2021 – GEODIS, a leading global supply chain operator, provides
its customers with guaranteed space in an ultra-tight sea freight market from
China to Europe.



GEODIS provides its customers with guaranteed space in an ultra-tight sea freight market from China to Europe

 

The first 1,000TEU[1] capacity vessel, operated
exclusively by GEODIS, is scheduled to arrive in Hamburg on 28 February. This ship
is carrying a total of 435 forty-foot containers for customers who have found
it increasingly difficult to secure space with regular carriers at a viable rate.
The next vessel sailing is scheduled to leave Shanghai around 10 February.
Depending on demand, GEODIS will plan additional sailings over the coming
weeks.

 

Mathias
Hansen is Senior Vice President Global Ocean Freight for GEODIS, “We understand the current market
challenges resulting from unprecedented customer demand and the limitations of
ocean carrier capacity and sailings from China and other parts of Asia,” he
observed.  “We are working hard to find
solutions for our customers. Hence, this
exclusive vessel charter to supplement fixed long-term agreements we have with
core carriers.  We strive to deliver
certainty to our customers amid the unstable market.”

 

“These market forces have created variable
and unforeseen spikes in demand for Asian goods,” comments Onno Boots, GEODIS’ Regional President and
CEO for Asia Pacific. “Our primary aim is to offer multi-modal
solutions to our existing customers to enable them to ship on time and in a
reasonably economic manner. As an adaptable and innovative service provider,
GEODIS is permanently looking for alternatives including rail, ocean and air
products that fulfil this aim for shippers on the increasingly volatile Far
East West Bound (FEWB) trade lane.”

 

Ivan Siew, Managing Director, China, adds, “Ocean freight services out
of China have been in high demand, in the ride up to Chinese New Year and
beyond. We are focused on ensuring that our customers continue to depend on
GEODIS to deliver innovative solutions in accordance with evolving market
demands. As the biggest supplier of goods to the world, using all freight
modes, China is particularly affected by the changes in availability of
capacity and shipping containers. These ocean charters provide much relief to
the companies we serve and we are proud to be stepping up our response as the
situation changes.”


[1] Twenty-foot Equivalent Unit.

GEODIS – www.geodis.com

GEODIS is a top-rated, global supply chain operator recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #6 in Europe and #7 worldwide. In 2019, GEODIS accounted for over 41,000 employees globally and generated €8.2 billion in sales.

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New Columbus, Ohio Insurtech Company, Circulo, Raises $50M to Disrupt Medicaid

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COLUMBUS, Ohio, Feb. 19, 2021 /PRNewswire/ — Circulo starts with $50M out of the gate to bring much needed, disruptive innovation to Medicaid Managed Care. Medicaid is a cornerstone of the U.S. healthcare system and is often passed over by venture backed startups who aim to disrupt Medicare Advantage and commercial health insurance markets. Circulo plans to change that by bringing bold new approaches and Internet-scale technology to more than 75 million members who depend on Medicaid for their coverage.

Circulo will be built on Olive's technology platform that has been adopted by over 600 hospitals. Olive will provide automation, intelligence, network tools, and AI co-worker technologies to Circulo as they build the Medicaid insurance company of the future.

Drive Capital, General Catalyst, Oak HC/FT, and SVB Capital are all investors in Olive and have joined together to fill out Circulo's large inaugural equity financing. They also return as backers of Sean Lane who will serve as CEO of both Olive and Circulo. Sean, an ex-NSA intelligence officer turned entrepreneur, is Olive's founder and CEO and has led the company to a $1.5B valuation in the company's last financing, while growing the workforce to over 550 employees. “We're excited to invest in Circulo's vision for Medicaid and to help create another important insurance company from the ground up here in Columbus,” commented Chris Olsen, co-founder of Drive Capital.

“Circulo is going to use Olive's unique platform to build the Medicaid insurance company of the future from scratch, right here in Columbus, Ohio – the emerging insurtech capital of the U.S.” said Sean Lane, CEO of Circulo and Olive. “There's no better place to build and grow a high-tech insurance company and there's no better mission than to do it to serve the country's most underserved population.”

Circulo plans to add dozens of new roles immediately. To learn more about joining the Circulo team, contact [email protected].

About Circulo
Circulo is building the Medicaid insurance company of the future to provide tech-enabled, world-class care to the nation's sickest and poorest populations. Circulo is based in Columbus, Ohio, the emerging insurtech capital of the U.S. Check us out on LinkedIn.

About Drive Capital
Drive Capital is a Columbus-based venture capital firm that is focused on investing in the world's next generation of market-defining companies. The firm started in 2013 and raised over $1B of funds to invest in startups solving problems in large markets. Drive is an investor in more than 40 companies outside of Silicon Valley, including Root Insurance, Duolingo, and Branch.

About General Catalyst
General Catalyst is a venture capital firm that invests in powerful, positive change that endures — for our entrepreneurs, our investors, our people, and society.  We support founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond to build companies that withstand the test of time. With offices in San Francisco, Palo Alto, New York City, and Boston, the firm has helped support the growth of businesses such as: Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Livongo, Oscar, Snap, Stripe, and Warby Parker. For more: generalcatalyst.com.

About Oak HC/FT
Founded in 2014, Oak HC/FT is the premier venture growth-equity fund investing in Healthcare Information & Services (“HC”) and Financial Services Technology (“FT”). With $1.9 billion in assets under management, we are focused on driving transformation in these industries by providing entrepreneurs and companies with strategic counsel, board-level participation, business plan execution and access to our extensive network of industry leaders. Oak HC/FT is headquartered in Greenwich, CT, with offices in Boston and San Francisco. Follow Oak HC/FT on Twitter, LinkedIn, and Medium.

About SVB Capital
For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial, investment and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life sciences and healthcare, private equity and venture capital and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at svb.com.

Media Contact:
Mike Renn
[email protected]

 

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SOURCE Circulo

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British Columbia Investment Management Corporation sets climate-related targets for public markets

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VICTORIA, BC, Feb. 19, 2021 /PRNewswire/ — Today, British Columbia Investment Management Corporation (BCI) announces a commitment to five-year climate-related targets for its public markets program. The near-term targets represent a significant step by the leading provider of investment management services to British Columbia's public sector to further benefit from the opportunities and address the risks associated with climate change.

British Columbia Investment Management Corporation (BCI) Logo

BCI will target a cumulative $5 billion investment in sustainability bonds by 2025 (based on initial participation) and reduce the carbon exposure in its global public equities portfolio by 30 per cent by 2025 (using 2019 as a baseline).

“BCI always works in the best financial interests of our clients. Assessing and managing the opportunities and risks presented by climate change is core to that responsibility. These targets will help ensure our clients benefit from the shift to a low-carbon economy,” said Gordon J. Fyfe, BCI's chief executive officer / chief investment officer.

“Importantly, they set concrete near-term goals that will help us track our progress as we continue to champion long-term and sustainable growth.”

The setting of these targets represents a carefully considered evolution of the objectives set out in BCI's 2018 Climate Action Plan, and further complements BCI's strategic approach of leveraging environmental, social, and governance (ESG) for both value creation and risk management.

As a growing number of governments, companies, and institutional investors establish strategies to help achieve the Paris Agreement objective of limiting global warming, BCI believes that it is in its clients' best financial interests to set targets that align with this international treaty. The goals are consistent with the guidance of the Task Force on Climate-related Financial Disclosures (TCFD).

“These targets balance ambition with feasibility and provide a clearly defined pathway for BCI to seize on climate-related investment opportunities and reduce the climate transition risk of our public markets portfolio,” said Daniel Garant, executive vice president & global head, public markets.

“BCI believes that gradually lowering exposure to carbon-intensive companies and engaging with companies and regulators to adapt to the low-carbon economy will lead to better financial outcomes for our clients.”

The commitment marks another milestone in BCI's climate-related work, including becoming a founding signatory to the Principles for Responsible Investment (PRI) in 2006, supporting the TCFD recommendations, actively participating in Climate Action 100+ since 2017, and publishing its Climate Action Plan in 2018.

“BCI is committed to continuously improving and adjusting our approach to climate change to benefit our clients and their investments,” said Fyfe.

BCI will report on progress in meeting these targets through its TCFD reporting, on its corporate website, BCI.ca, and in its ESG Annual Report.

About BCI

With $171.3 billion of managed assets as at March 31, 2020, BCI is the leading provider of investment management services to British Columbia's public sector. We generate the investment returns that help our 31 institutional clients build a financially secure future. With our global outlook, we seek investment opportunities that convert savings into productive capital that will meet our clients' risk and return requirements over time. We offer investment options across a range of asset classes: fixed income; public and private equity; infrastructure and renewable resources; real estate and mortgages.

About BCI's Public Markets Program

BCI's public markets program manages a global portfolio of fixed income and public equity investments representing $112.8 billion and totalling 65.9 per cent of BCI's assets under management (as at March 31, 2020). The program invests in Canada, the U.S., and internationally in developed and emerging markets utilizing index and active management strategies. More than 80 per cent of the program's assets are managed internally using a diverse mix of financial instruments.

About BCI's Climate-Related Targets

Fixed Income:

  • The investment target of $5 billion builds on BCI's historical participation in sustainability bonds of $887 million (as at December 31, 2020).
  • The setting of transition finance targets aligns with best practice on financing the transition and contributing to a net-zero economy.
  • The target will help BCI increase allocations to sustainable issuances of interest and leverage our competitive advantage in this space.

Public Equities:

  • The 30 per cent reduction target will be measured using Weighted Average Carbon Intensity (WACI) as recommended by the Task Force on Climate-related Financial Disclosures (TCFD).
  • The 2019 baseline aligns with best practices among global investors and closely reflects BCI's current investment strategy based on more active, internally managed mandates.
  • BCI began measuring and publicly reporting the carbon footprint of the public equities portfolio in our ESG Annual Report in 2017.

Contact: Ben O'Hara-Byrne, Senior Manager, External Stakeholder Engagement, 778-410-7310 – [email protected]

Logo – https://mma.prnewswire.com/media/1440961/British_Columbia_Investment_Management_Corporation__BCI__British.jpg 

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Brokerage Firm Gloffix Announces Launching of New Trading Website

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LONDON, Feb. 19, 2021 /PRNewswire/ — Leading online brokerage firm Gloffix has officially announced the launching of its anticipated new website, on air and open to all traders as of today. This move is part of the company's strategy for 2021, stemming from the sharp rise in demand for Gloffix's online trading services toward the last months of 2020.

“We are already seeing the soaring popularity of our site and our trading platforms,” commented Gloffix spokesperson Joseph Mella, “and have decided not to wait with this upgrade any longer. We thank our traders for the trust they have put in us. They deserve nothing but the best trading conditions possible, and that's exactly what they get while working with us, now and always.”

Endless possibilities at a touch

With competition for traders' attention being as high as it is today, trading brands must make sure their interface offers the most optimal access to markets, with nothing but the highest standards of speed and security. This is the principle that has guided Gloffix through the process of creating this new website, as can be seen by high user satisfaction levels already being noted.

This new website is also part of the company's expansion. “Due to our success, we are currently broadening our services and setting foot in the European market,” added Gloffix's CEO Hakeem Walsh. “This is going to be a great advantage for our traders since we are in touch with the regulatory bodies of the European Economic Area as part of the standard licensing process, with all the benefits that come along with it. Also, this new market is an opportunity to offer even more attractive bonuses, leverages, spreads and fees – to new and existing clients as one.”

About Gloffix

Founded in 2009 by a group of expert brokers and analysts, Gloffix has managed to remain a reputable name in the online trading sector throughout its years of operation. The company was a pioneer in many changes brought to the online trading industry, including the implementation of web and downloadable platforms such as Sirix and MetaTrader. Today, Gloffix offers its partner trades access to a wide variety of assets including stocks, commodities, indices, forex and cryptocurrencies, with a guaranteed competitive spreads. The company's support team is at users' dispense, reachable by phone, email, direct messaging and an on-site chat function.

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