Latest news with #operations
Yahoo
a day ago
- Business
- Yahoo
Amazon to invest $233M to enhance its India infrastructure
Amazon said on Thursday that it would invest about $233 million in its India business to further build out its operations infrastructure, develop new tools for its delivery network, and work on employee safety and well-being programs. The company said the investment helps it double down on its efforts to deliver to all pin-codes in the country. 'This investment will enhance processing capacity, improve fulfilment speed, and increase efficiency across the company's operations network,' Amazon said in a blog post. As part of the investment, the company will continue work on some initiatives to support its contractors and employees, including rest spots for delivery personnel; financial education and support; scholarships for associates' children; and healthcare support for truck drivers. Amazon said it is also developing new software and tools to help delivery personnel with navigation, safety, and the overall delivery process.
TechCrunch
a day ago
- Business
- TechCrunch
Amazon to invest $233M to enhance its India infrastructure
In Brief Amazon said on Thursday that it would invest about $233 million in its India business to further build out its operations infrastructure, develop new tools for its delivery network, and work on employee safety and well-being programs. The company said the investment helps it double down on its efforts to deliver to all pin-codes in the country. 'This investment will enhance processing capacity, improve fulfilment speed, and increase efficiency across the company's operations network,' Amazon said in a blog post. As part of the investment, the company will continue work on some initiatives to support its contractors and employees, including rest spots for delivery personnel; financial education and support; scholarships for associates' children; and healthcare support for truck drivers. Amazon said it is also developing new software and tools to help delivery personnel with navigation, safety, and the overall delivery process.
Yahoo
a day ago
- Business
- Yahoo
SBM Offshore signs an operations and maintenance contract for FPSO GranMorgu with TotalEnergies
Amsterdam, June 19, 2025 SBM Offshore announces that it has signed an operations and maintenance contract with TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies, for the FPSO GranMorgu, as part of the field development project located in Block 58 in Suriname. The operations and maintenance contract covers the operation readiness phase before first oil as well as the operations and maintenance services for a minimal period of two years after first oil with extension options. This contract reinforces SBM Offshore's long-term strategic partnership with TotalEnergies and marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname. It is a testimony to SBM Offshore's focus on excellence throughout the entire project's lifecycle, from the allocation of our eighth Fast4Ward® MPF hull to our extensive experience in asset management supporting TotalEnergies' operations. Corporate Profile SBM Offshore is the world's deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with further information, please visit our website at Financial Calendar Date Year Half Year 2025 Earnings August 7 2025 Third Quarter 2025 Trading Update November 13 2025 Full Year 2025 Earnings February 26 2026 Annual General Meeting April 15 2026 First Quarter 2026 Trading Update May 7 2026 For further information, please contact: Investor Relations Wouter HoltiesCorporate Finance & Investor Relations Manager Phone: +31 (0)20 236 32 36 E-mail: Website: Media Relations Giampaolo ArghittuHead of External Relations Phone: +31 (0)6 212 62 333 / +39 33 494 79 584 E-mail: Website: Market Abuse Regulation This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Disclaimer Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as 'expect', 'should', 'could', 'shall' and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the 'Impacts, Risks and Opportunities' section of the 2024 Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company's business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise. This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports - SBM Offshore. Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release 'SBM Offshore' and 'SBM' are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies. "SBM Offshore®", the SBM logomark, 'Fast4Ward®', 'emissionZERO®' and 'F4W®' are proprietary marks owned by SBM Offshore. Attachment SBM Offshore signs an operations and maintenance contract for FPSO GranMorgu with TotalEnergiesError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
3 days ago
- Business
- National Post
OPEX® Corporation Appoints Drew Stevens to New Role as Vice President of Operations
Article content MOORESTOWN, N.J. — OPEX® Corporation, a global leader in Next Generation Automation providing innovative solutions for warehouse, document and mail automation, announced that Drew Stevens, a longtime member of the executive leadership team and part of the company's third generation of family ownership, has been named Vice President of Operations. Article content In his new role, Stevens will oversee company operations for both sectors of the business — warehouse automation, and document and mail automation. He previously served as Vice President, Global Business Development and Marketing, Warehouse Automation. Article content 'As we continue to expand our portfolio of solutions, as well as our global footprint, Drew is the ideal individual to step into this new role,' stated Dave Stevens, Chief Executive Officer, OPEX. 'His proven leadership and extensive knowledge of the automation industry overall are invaluable as OPEX — now in our 50 th year of business — continues to evolve.' Article content Stevens' broad experience at OPEX encompasses various positions in business development and sales management across both automation sectors, fully preparing him to take on his latest responsibilities. He has been a part of the company dating back to his high school years. Article content 'In my first job at OPEX, I would come in after school to tidy up the shops and cubicles, making sure the floors were swept and trash was removed,' recalled Stevens. 'Much has transpired since then. Leading our sales organization and interacting with numerous internal departments over the years to solve challenges has shaped me into a dedicated customer advocate. And it has provided me with tremendous insight into how some of the biggest companies execute their business models operationally. I understand the expectations in the marketplace, and I'm thrilled for the opportunity to help OPEX exceed those expectations.' Article content Outside of OPEX, Stevens is a member of Forbes Business Council, a vetted professional organization for owners, founders, and executive leaders of small and mid-sized businesses. He serves as Chair, Board of Directors, at More Than Rehab, the residential treatment center he founded in College Station, Texas, and volunteers his time as a youth basketball coach. Stevens received his bachelor's degree in organizational leadership from Texas A&M University, where he graduated Summa Cum Laude. He is based in Moorestown, New Jersey. Article content About OPEX Article content OPEX® Corporation Article content is a global leader in Next Generation Automation, providing innovative, unique solutions for warehouse, document and mail automation. With headquarters in Moorestown, NJ—and facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia—OPEX has nearly 1,600 employees who are continuously reimagining and delivering customized, scalable technology solutions that solve the business challenges of today and in the future. The year 2025 marks the company's 50 Article content Article content Article content Article content Article content Contacts Article content Article content Article content
Reuters
3 days ago
- Business
- Reuters
Mitsui OSK CEO says shipping in Gulf continues, closely monitoring situation
SINGAPORE, June 17 (Reuters) - Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL) (9104.T), opens new tab, is continuing normal operations in the Gulf while closely monitoring the situation in the region, CEO Takeshi Hashimoto said on Tuesday. "We are operating so many containers, car carriers and chemical tankers so that it is very, very difficult for us to reduce or stop with the service," Hashimoto told Reuters on the sidelines of the Energy Asia conference. Shippers re-routed via Cape of Good Hope after Yemeni Houthis attacked ships in the Red Sea, but there is no alternative route for shipments in the Gulf, he added.
