Technology

The Government of Canada invests in port infrastructure for Atlantic Canada

Published

1 year ago

February 5, 2025

HALIFAX, NS, Feb. 5, 2025 /CNW/ – The impacts of climate change are increasingly visible across Canada. The Government of Canada is working to make Canada’s transportation system greener, to build more resilient supply chains, build a sustainable future, support jobs, and drive economic growth.

Today, the Minister of Transport and Internal Trade, the Honourable Anita Anand, announced an investment of up to $25 million for the Halifax Port Authority. This investment bolsters both environmental sustainability and supply chain efficiency, while actively supporting decarbonization efforts in the transportation sector and strengthening infrastructure resiliency.

The investment breakdown includes:

Up to $22.5 million, under the Green Shipping Corridor Program, to accelerate development of the Halifax – Hamburg green shipping corridor by:preparing to host, and potentially refuel, alternative fuel-powered vessels;establishing a hydrogen production facility;electrifying port equipment to reduce emissions; andacquiring an electric rail locomotive and launching an incentive program to shift freight traffic from road to rail.$2.5 million for the Ship to Shore Crane Infrastructure project, under the National Trade Corridors fund, to relieve supply chain congestion, expand terminal capacity, and increase speed and efficiency when servicing larger vessels at the Port of Halifax.

The investment in clean port operations and infrastructure collectively enhances supply chain efficiency by relieving congestion at the Port. By improving terminal capacity and optimizing operations through modernized infrastructure, these initiatives will streamline logistics and facilitate the smooth movement of goods, ultimately supporting economic growth and job creation within Nova Scotia’s maritime sector.

Transport Canada is collaborating with industry stakeholders, coastal communities, Indigenous partners, and environmental organizations to create a cleaner, more sustainable future for maritime transport, to strengthen supply chains and ensure a more resilient and efficient economy for all Canadians.

Quote

“Our ports are essential to global trade and to Canada’s economy. By investing in green shipping corridors, supply chain infrastructure, and clean technologies, we’re taking decisive action to reduce emissions. Together, we’re building a sustainable future for transportation, while supporting jobs and driving economic growth in Nova Scotia and beyond.”

The Honourable Anita Anand
Minister of Transport and Internal Trade

“Transport Canada’s Green Corridor investment will help to competitively position the Port of Halifax for the future. Around the world, there is interest to decarbonize shipping. The awarded funding will help fund feasibility work, assessments, new equipment and workforce development here at the Port. For all funded activities we will work with our port partners. We want to thank Transport Canada for supporting our project and investing in the power of partnerships with us.”

Fulvio Fracassi
President and CEO, Halifax Port Authority

“The Port of Halifax is a powerhouse for our municipality, our province, our region, and our country. This investment will help streamline operations, electrify the port to cut emissions, and prepare for alternative fuel-powered vessels — ensuring the Port continues to modernize, grow, and provide good jobs here at home.”

The Honourable Darren Fisher
Minister of Veterans Affairs and Associate Minister of National Defence

Quick facts

The Green Shipping Corridor Program provides funding for projects that contribute to the establishment of green shipping corridors and the decarbonization of the marine sector along the Great Lakes, the St. Lawrence Seaway, as well as Canada’s East and West Coasts. The program:removes barriers to the adoption of emission reducing equipment and infrastructure;incentivizes industry-led partnerships and investments to accelerate the adoption of greenhouse gas emission-reduction technologies and infrastructure;decreases the risks of investments made to increase the technology-readiness level of low carbon and net-zero emission ship technology and marine fuels for the domestic vessel fleet; and builds capacity among Canadian vessel owner/operators with respect to their ability to identify, plan and implement next generation low carbon and net-zero emission ship technology and marine fuels into their vessel operations.An efficient and reliable transportation network is key to Canada’s economic growth. The Government of Canada, through the National Trade Corridors Fund, is making investments that will support the flow of goods across Canada’s supply chains.The National Trade Corridors Fund is a competitive, merit-based program designed to help infrastructure owners and users invest in the critical transportation assets that support economic activity in Canada. Since 2017, a total of $4.1 billion has been committed to projects that support improvements to Canada’s roads, rail, air, and marine shipping routes to foster domestic and international trade.Since the Ship to Shore Crane Infrastructure project’s completion in June 2024, the Port has successfully reduced the turnaround time to offload and load vessels and increased the number of container ships handled.

Associated links

The Government of Canada invests in marine industry’s transition to green ship technology The Government of Canada invests in a clean economy for Nova Scotia The Government of Canada invests in green shipping corridors at Quebec ports The Government of Canada invests in clean technology and infrastructure for a sustainable marine industry in Ontario National Trade Corridors Fund Backgrounder

Visit Transport Canada’s website.

Subscribe to e-news or follow us on X, Facebook, YouTube, Instagram and LinkedIn to keep up to date on the latest from Transport Canada.

Alternative formats

SOURCE Transport Canada – Ottawa

Technology

Hexagon Interim Report 1 January – 31 March 2026

Published

25 minutes ago

April 23, 2026

STOCKHOLM, April 23, 2026 /PRNewswire/ —

First quarter 2026

Continuing operations

Operating net sales of 963.8 (961.5) resulting in organic growth of 8%Net sales including acquired deferred revenue amounted to 963.6 MEUR (961.5)Adjusted gross earnings of 606.3 (619.1) resulting in a 62.9% (64.4) gross marginAdjusted operating earnings (EBIT1) of 251.3 MEUR (248.7) resulting in a 26.1% (25.9) EBIT1 marginAdjusted earnings per share of 6.7 Euro cent (6.5)Earnings per share of 58.4 Euro cent (5.0)Cash conversion of 77% (60)Recurring revenue of 289.9 MEUR (308.0), 6% organic growthOctave reported operating net sales of 327.2 MEUR (361.3) and adjusted operating margin of 25.2% (26.6)Adjusted earnings per share including discontinued operations of 9.1 (9.4)Earnings per share including discontinued operations of 59.9 Euro cent (7.0)

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 (0) 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, +46 8 601 26 26, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 23 April 2026.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/hexagon-interim-report-1-january—31-march-2026,c4338783

The following files are available for download:

https://mb.cision.com/Main/387/4338783/4053482.pdf

Hexagon Interim Report Q1 2026

View original content:https://www.prnewswire.com/news-releases/hexagon-interim-report-1-january—31-march-2026-302751432.html

SOURCE Hexagon

Technology

Dragonpass Empowers Financial Institutions with End-to-End Loyalty Solutions at Money20/20 Asia

Published

25 minutes ago

April 23, 2026

BANGKOK, April 23, 2026 /PRNewswire/ — Dragonpass, a leading global travel and lifestyle platform, participated in Money20/20 Asia, showcasing its customer loyalty solutions for banks, payment providers, credit card issuers, and fintech companies across APAC and globally.

As one of the most influential fintech events worldwide, Money20/20 Asia gathers decision-makers across the financial ecosystem. At the event, Dragonpass demonstrated how financial institutions can enhance customer engagement and build long-term loyalty through integrated travel and lifestyle experiences.

Established in 2005, Dragonpass has evolved from a lounge provider into a loyalty solutions partner, serving more than 800 global clients and over 40 million members worldwide.

At the core of Dragonpass is a business structure that combines global supply aggregation, a technology-enabled engagement platform, and consumer-facing lifestyle services — providing a one-stop solution across the customer lifecycle.

Leveraging data-driven insights, Dragonpass enables partners to design and optimise loyalty programs, incorporating customer segmentation and tiered incentive structures, alongside curated campaigns and entitlement configuration — driving more effective customer activation, engagement, and retention.

Its offering includes a broad portfolio of travel and lifestyle benefits such as airport lounge access, fast-track, dining, airport transfers, and lifestyle experiences. These are supported by flexible delivery models, including API integration, white-label solutions, and ready-to-deploy digital platforms, enabling seamless integration into clients’ customer journeys.

As customer expectations evolve, the industry is shifting from standardized benefits to more personalized, experience-led loyalty models. Insights from Dragonpass’s Loyalty Index show that customers increasingly value trust, rewards, simplicity, recognition, and exclusivity, with preferences varying across markets.

“Financial institutions today are looking for more effective ways to engage customers beyond traditional rewards,” said Jane Zhu, Co-founder and CEO of Dragonpass. “User engagement is at the core of loyalty, and technology — especially AI — plays a key role in enabling deeper and more relevant customer connections.”

Dragonpass works with leading global brands including Mastercard, Visa, HSBC, and Revolut, supporting them deliver differentiated value propositions and enhance customer engagement through scalable, customizable solutions.

Through its participation at Money20/20 Asia, Dragonpass aims to strengthen its presence in the APAC market and build strategic partnerships with organizations seeking to elevate their customer engagement strategies.

About Dragonpass

Dragonpass is a global travel and lifestyle platform providing premium airport and travel experiences across 140+ countries. By integrating global supply and technology, Dragonpass enables partners to deliver seamless, personalized experiences and drive customer loyalty.

Media Contact

Dragonpass PR
Email: brandmarketing@dragonpass.com
Website: www.dragonpass.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/dragonpass-empowers-financial-institutions-with-end-to-end-loyalty-solutions-at-money2020-asia-302751442.html

SOURCE Dragonpass

Technology

SBI Life Insurance registers New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026

Published

25 minutes ago

April 23, 2026

MUMBAI, India, April 23, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026 vis-a-vis ₹35,577 crores for the year ended 31st March, 2025. Single premium has increased by 28% over the year ended on 31st March, 2025.

Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹4,622 crores for the year ended 31st March, 2026, marking a growth of 13%. Protection Individual new business premium registered a growth of 23% and stood at ₹973 crores for the year ended 31st March, 2026. Individual New Business Premium stands at ₹29,783 crores with 13% growth over the year ended on 31st March, 2025.

SBI Life’s profit after tax stands at ₹2,470 crores for the year ended 31st March, 2026 with a growth of 2% over the year ended on 31st March, 2025.

The company’s solvency ratio continues to remain robust at 1.90 as on 31st March, 2026 as against the regulatory requirement of 1.50.

SBI Life’s AUM also continued to grow at 9% to ₹4,87,163 crores as on 31st March, 2026 from ₹4,48,039 crores as on 31st March, 2025, with the debt-equity mix of 62:38. 94% of the debt investments are in AAA and Sovereign instruments.

The company has a diversified distribution network of 3,58,506 trained insurance professionals and wide presence with 1,230 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of Sale Persons (POS), insurance marketing firms, web aggregators and direct business.

Performance for the year ended March 31, 2026

Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.5% & 22.9% respectively.Annualized Premium Equivalent (APE) stands at ₹ 24,266 crores with growth of 13%Individual New Business Sum Assured stands at ₹ 4,46,337 crores with 61% growthImprovement in 13M & 49M persistency by 53 bps & 107 bps respectivelyValue of New Business (VoNB) stands at ₹ 6,667 crores with growth of 12%VoNB Margin stands at 27.5%Indian Embedded value (IEV) stands at ₹ 80,791 crores with 15% growthProfit After Tax (PAT) stands at ₹ 2,470 crores with 2% growthOperating Return on Embedded Value stands at 19.7% Assets under Management stands at ₹ 4,87,163 crores with 9% growthRobust Solvency ratio of 1.90

Logo: https://mma.prnewswire.com/media/2672544/SBI_Life_25_Years_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/sbi-life-insurance-registers-new-business-premium-of-42-551-crores-for-the-year-ended-on-31st-march-2026–302751447.html