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07:34
Bernstein: Maersk’s outlook is buoyed by demand, but the demand may be difficult to sustain
```htmlGolden Ten Data June 30|Bernstein stated in a report that Maersk’s raised expectations are due to rising freight rates driven by Middle East conflicts and fuel surcharges, but strong cargo demand has also played a supporting role. Despite falling fuel prices, freight rates continue to rise. The American brokerage is unsure whether this demand reflects real economic growth, or if companies are bringing orders forward to avoid imminent tariffs and surcharges. Analyst Alex Irving said the Danish shipping group’s revised cargo growth forecast indicates that both scenarios are likely. The long-term threat of oversupply hangs over the entire industry, with some shipping companies continuing to order large new vessels, which could harm future profitability. The stock opened up 3.7%, at 16,470 Danish kroner.```
07:31
ASE Technology Holding announced that its subsidiary has reached an agreement with Lam Research International to purchase key production equipment for NT$50.1 billion.
This significant capital expenditure aims to strengthen the company’s advanced packaging and testing capabilities to address the growing demand in the semiconductor market. The transaction highlights ASE’s continued investment in cutting-edge technology and its determination to consolidate its leading position in the global semiconductor supply chain. By introducing advanced machinery provided by Lam Research, the company is expected to further improve production efficiency and product performance, laying a solid foundation for future growth.
07:31
Jupiter includes JupUSD in JLP custody assets
Foresight News reports that Jupiter announced on Twitter that JupUSD has been added as a custodial asset for JLP (Jupiter Liquidity Provider Token).
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