Year: 2024

SATO Corporation, Press release 18 December 2024 at 4.30 pm In Espoo’s Finnoo district, the new SATO building at Peijinkuja 10 has welcomed its first residents just in time for Christmas. Moving in began at the start of December, and despite significant interest, some homes are still available. The complex of 121 rental homes, built along the Western Metro extension, is SATO’s last new construction project for the time being. This follows a decision made in October 2022 for the company to pause newbuild projects. The decision was driven by increased financing costs and the rising construction and maintenance expenses caused by high inflation. Construction activity in SATOs key growth centres, Helsinki Metropolitan Area, Turku, and Tampere, has reached historically low levels. However, the surplus of rental homes persists, especially in...

ATHENS, Greece, Dec. 18, 2024 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with American Eagle Tankers (“AET” or the “Charterer”), a member of MISC Group, for the 2011-built, 104,623 dwt Aframax tanker vessel, M/T Blue Moon. The gross charter rate will be US$28,000 per day for a period of twenty-one (21) months +/- 15 days at the option of the Charterer and is expected to commence at the beginning of January. This charter will generate approximately US$17.4 million of gross revenue for the minimum duration of the charter. Commenting on this charter, Andreas Michalopoulos, the Company’s Chief Executive Officer,...

BETHESDA, MD, Dec. 18, 2024 (GLOBE NEWSWIRE) — HWH International Inc. (“HWH” or the “Company”) (Nasdaq: HWH) is pleased to provide an update on the progress of a joint venture in its Hapi Travel business, in which HWH holds a 19% interest. HWH established this joint venture in April of 2024 with Mr. Chen Ziping, an experienced entrepreneur in the travel industry and Mr. Heng Fai Chan, HWH’s Executive Chairman. Hapi Travel Group and its partners have established HapiTravel Holding Pte. Ltd., a Wholly Owned Foreign Enterprise (WOFE) in Singapore to serve as a holding company for its China operations. This joint venture is focused on three key sectors:Education Tours: Organizing inbound and outbound educational tours for primary and secondary schools in China. Conference Tour Packages: Offering tailored travel solutions for institutions...

Company has reduced monthly burn from $16.8M in August 2024 to $11.8M in September 2024 and to $5.3M in October and November 2024 Since Sept. 30, 2024, Mullen has sold and delivered 57 Class 3 and 43 Class 1 EV cargo vans and trucks for a total of 100 vehicles and $ 5.5 million; these numbers exclude sales and expenses by Bollinger Motors Orders continue to build as Mullen moves forward efforts with government agencies, universities and large fleets to expand adoption of EV vehicles across America and abroad BREA, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) — via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today a commercial vehicle sales update since Sept. 30, 2024, with a total of 100 Class 1 and Class 3 EV cargo vans and trucks sold for sales totaling...

ATHENS, Greece, Dec. 18, 2024 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Mitsui O.S.K. Lines, Ltd., for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$22,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum October 20, 2025 up to maximum December 20, 2025. The charter is expected to commence on December 28, 2024. The m/v Santa Barbara was chartered, as previously announced, to Smart Gain Shipping Co., Limited, at a gross charter rate of US$21,250 per day, minus a 5.00% commission paid to third parties. The “Santa...

NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced that its existing client National Insurance Company Ltd. (“NICL”) has expanded the geographical scope for Roadzen’s AI powered XClaim Product. NICL has a total of 34 Regional Offices, of which 10 joined Roadzen’s AI-powered XClaim platform. Based upon strong performance, NICL has expanded its contract with Roadzen to include an additional 4 regional offices, effective January 1, 2025. Roadzen was selected as a Digital Service Provider (“DSP”) for processing AI based claims after successfully completing a comprehensive vetting of NICL’s Request for Proposal (“RFP”) process. The evaluation process was carried out by an association...

Knoxville, TN, Dec. 18, 2024 (GLOBE NEWSWIRE) — Healthcare Integrated Technologies (OTC PINK: HITC), a global leader in AI-driven safety and monitoring solutions, proudly announces the engagement of Katie Piperata as a Senior Living Consultant for the Company’s Healthcare division. Ms. Piperata brings over 30 years of experience in the healthcare industry. Ms. Piperata began her career in senior living in 1993 as a volunteer for a nursing home and eventually moved into management as a Nursing Home Administrator of a Skilled Nursing Center in Lakeland, Florida. Ms. Piperata continued to excel in her career by becoming a Senior Partner/Director for a healthcare recruiting firm. Most recently, Ms. Piperata started her own company, which provides leadership development training and consulting to senior living providers across the United...