Hili Company, the logistics division of Hili Ventures, has entered into a joint venture agreement with international energy logistics company Peterson to provide oil and gas logistics services across the Mediterranean and North Africa.
Due to growing customer demand from the region, Peterson (Malta) Ltd will provide supply base services, warehousing and logistics management, procurement and recruitment, for oil and gas clients in the Mediterranean and North Africa.
Established in 1920, Petersen has expanded throughout the UK with facilities at several prominent ports, including an integrated asset base in Aberdeen.
The company currently has more than 2,000 square metres of warehousing space in Malta, with access to a further 4,000 square metres of yard space for logistics supply base services.
Hili’s portfolio includes Mediterranean shipping and logistics firm Carmelo Caruana Company Ltd, logistics firms Baltic Freight Services, operating from Vilnius, and Prime Logistics based in Minsk, and a joint venture with leading shipping line CMA CGM.
Top speakers to participate in Big Data Summit in June
A number of internationally-acclaimed speakers will be participating in Malta’s first Big Data Summit, being held on June 22 at Xara Lodge, Rabat.
The first event of its kind to be held in Malta, the Big Data Summit will discuss the future of the global economy and how big data and advanced analytics are transforming today’s business world.
This event aims to address key developments where Big Data is having an impact, including areas such as the IT industry, especially in disciplines like artificial intelligence, smart transportation and the future of the motor car, journalism, financial services and marketing as well as the Internet of Things.
Presentations will be made by some of the key players in Big Data today, including Tableau, Qlik, Microsoft, Zendesk and Salesforce, as well as independent international speakers from diverse organisations including the International Consortium of Investigative Journalists (ICIJ).
www.bigdatasummit.org
Haud expands to Latin American
Haud, the Portomaso-headquartered industry leader in mobile telecoms security, has opened a new office in Buenos Aires, Argentina, in collaboration with leading technology consultancy, MS Consultora.
The office will provide support and advice on security and fraud prevention for mobile network operators in the Caribbean and Latin American region.
This region is one of the world’s fastest growing mobile markets, with over 718 million mobile connections provided by approximately 80 MNOs.
With a current penetration rate of only 52 per cent of the population, sustained growth is predicted to continue, with 890 million connectionsforecasted by 2020.
In addition to its offices in Portomaso and Buenos Aires, Haud also has other regional offices in UAE, Singapore, Croatia and Luxembourg.
Software company Shireburn wins Antigua Airport contract
Local software company Shireburn has sold its airport software solution to the Antigua and Barbuda Airport Authority, which will use it to manage its non-aeronautical operations at VC Bird International Airport.
The airport is the international gateway to the Eastern Caribbean and beyond with a number of long-haul and intercontinental routes, handling over 850,000 passengers per year.
Emirates announces record profits
Emirates SkyCargo contributes 14 per cent of the airline’s total transport revenue.The Emirates Group announced its 28th consecutive year of profit and steady business expansion, ending the year with record profits, despite the global and operational challenges during this period.
The group posted an AED 8.2 billion ($ 2.2 billion) profit for the financial year ending March 31, 2016, up 50 per cent from last year. The group’s revenue reached $25.3 billion, a decrease of three per cent over last year’s results, and the group’s cash balance increased strongly to $ 6.4 billion.
In 2015-2016, the group collectively invested over $4.7 billion in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies and staff initiatives.
The group’s employee base across its more than 80 subsidiaries and companies increased by 13 per cent to over 95,000-strong, representing over 160 different nationalities.
In line with the overall profit, the group declared a dividend of $681 million to the Investment Corporation of Dubai.
Emirates’ total passenger and cargo capacity crossed the 56 billion mark in terms of ‘available tonne kilometres’, cementing its position as the world’s largest international airline.
Emirates received 29 new aircraft, carrying a record 51.9 million passengers (up eight per cent) and achieving a passenger seat factor of 76.5 per cent.