Why Marfrig Became The Majority Shareholder of BRF

Explore Marfrig's strategic move as it becomes BRF's majority shareholder, aiming for stability without altering BRF's management structure.

More Company News

Tyson Foods

Cal-Maine Foods Inc. has announced the purchase of Tyson's broiler processing plant, hatchery, and feed mill in Dexter, Missouri, which Tyson recently closed. The assets will be repurposed for egg and egg products production.

Charoen Pokhand

Charoen Pokphand Foods from a Vietnamese news outlet details advancements in shrimp farming automation. Robins McIntosh, an executive at Homegrown Shrimp and Vice President of Charoen Pokphand Foods, mentioned the adoption of advanced laser-based sorting systems that can classify shrimp with precision up to a tenth of a gram. Other developments include machinery that can automate peeling and de-heading of shrimp, currently in testing and expected to be widely implemented in the future.

Hormel Foods

Hormel Foods has announced an increase in its upcoming dividend to $0.2825 per share, payable on the 15th of February, which is larger than the dividend paid the previous year.

Perdue Farms

Perdue Farms has committed to meeting the standards for crate-free pork as per California's new animal treatment laws, along with other companies like Hormel Foods, Clemens Food Group, and Tyson Foods.

Pilgrims Pride

Pilgrim's Pride is expected to see improved earnings due to higher chicken prices, which will likely affect consumers looking to save on costs.

Smithfield Foods

Smithfield Foods donated over 64,000 hams to food banks across six states in December through its hunger-relief program, Helping Hungry Homes.

Cooke Aquaculture

The Government of Canada and the Province of New Brunswick have announced funding support to Cooke Aquaculture Inc. through the Atlantic Fisheries Fund (AFF).

Container Shipping News

A.P. Moller-Maersk Group

A container ship owned by Denmark's AP Moller-Maersk was hit by a missile in the Red Sea on Saturday evening.

CMA CGM Group

The CMA CGM Group, aiming for Net Zero Carbon by 2050, has invested over $15 billion in fleet renewal and is mobilizing $1.5 billion through its PULSE Energies fund.

COSCO Shipping Lines

COSCO has taken delivery of two new battery-powered containerships, the largest electric vessels to date, as part of an initiative to expand its electric fleet.

Evergreen Marine Corporation

The Taiwanese container shipping line Evergreen has temporarily stopped accepting Israeli cargo with immediate effect. This decision was announced on Monday. Additionally, Evergreen declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa.

Hapag-Lloyd

The German container shipper Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons. A further assessment is expected on January 2. This decision aligns with the actions of Japan’s largest shipping firms, Mitsui O.S.K. Lines and Nippon Yusen, due to concerns over potential attacks in the Red Sea.

Hyundai Merchant Marine

South Korea’s second-biggest shipping firm, Hyundai Merchant Marine Co., plans to write down its capital by 86% after facing losses from excess capacity and weak global demand, leading to a plunge in shipping rates. The capital reduction to 173.2 billion won ($143 million) from 1.2 trillion won is intended to strengthen the company's balance sheet.

Mediterranean Shipping Company

Under the patronage of the Saudi Ports Authority (SPA-Mawani) and MEDLOG, the logistics arm of the Mediterranean Shipping Company, an Integrated Logistics Park is being established at Dammam’s King Abdulaziz Port on the Kingdom’s Eastern seaboard. This project, exceeding an investment value of SAR 150 million (US$ 40 million), is part of the National Transport and Logistics Strategy to position Saudi Arabia as a global logistics hub.

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