Business news – Page 101
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NewsCompanies prepare for Brexit
While Germany's Cuxhaven Port Association plans to intensify its preparations for the UK's exit from the European Union (EU) next year, industrial relocation logistics company Modpack Group is optimistic about the opportunities Brexit will bring.
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NewsLucina heads for auction
Eggar Forrester is auctioning off the multipurpose vessel Lucina in Amsterdam on December 14, on behalf of mortgagees Caterpillar Financial Services.
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NewsStolberg hires new representation
Reports in the German media indicate that Niels Stolberg, former chief executive of Beluga Shipping, has hired a new lawyer in an attempt to avoid his 42-month prison sentence.
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NewsMammoet adds Hamburg office
Mammoet Germany intends to open a branch office in Hamburg on December 13, 2018.
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NewsEverett adopts 2019 budget
The port of Everett has adopted its operating budget for 2019, earmarking USD58.7 million for new capital investment.
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NewsEntries open for 2019 ESTA awards
Entries are now being accepted for the European crane and heavy transport industry’s 2019 ESTA Awards.
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NewsSarens opens Russian depot
In order to support the regional oil and gas sector, Sarens has opened a crane depot in Tyumen, Russia.
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Can the market sustain USD100 oil?
With oil prices hovering around USD80 per barrel, industry analyst McKinsey suggests that a combination of factors could tighten oil markets further and propel the commodity past USD100.
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NewsHamilton Port receives government funding
Ontario’s Hamilton port is to receive CAD17.7 million (USD13.3 million) from the National Trade Corridors Fund.
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NewsNYK confirms NCA fleet reduction
NYK Group, the parent company of Nippon Cargo Airlines (NCA), has confirmed that the airline will scale down the size of its freighter fleet to only one variation of Boeing 747.
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NewsSarens set for Mozambique branch
Heavy lift and engineered transport provider, Sarens, is set to open a branch and depot in Mozambique.
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BIMCO develops bunker clauses ahead of Sulphur 2020
The Baltic and International Maritime Council (BIMCO) has developed two bunker clauses to support the implementation of International Maritime Organization’s (IMO) sulphur 2020 regulations, which come into force on January 1, 2020.
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NewsBristow in Columbia Helicopters takeover
Bristow Group has acquired heavy lift operator Columbia Helicopters, in a transaction worth approximately USD560 million.
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NewsFesco wins Rooppur nuclear contract
Atomstroyexport has contracted Fesco Transportation Group to deliver equipment for the construction of the Rooppur nuclear power plant in Bangladesh.
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NewsFirst Boskalis vessels to be scrapped
In its third quarter results, Royal Boskalis Westminster confirmed that the first of its 11 “heavily loss-making” heavy transport vessels will be scrapped in the fourth quarter.
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NewsPositive outlook for Entrec
In announcing its third quarter financial results, specialised transportation and crane services provider Entrec has outlined its strategy and outlook for 2019.
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NewsHiab completes Effer acquisition
Hiab, has acquired knuckle-boom crane manufacturer Effer from CTE Group for an enterprise value of EUR50 million (USD57.1 million).
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NewsRhenus Project Logistics and Logistics Plus join forces
Logistics Plus and Rhenus Project Logistics are joining forces to transport equipment for the modernisation of two lignite-fired coal power plants in Turkey.
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NewsOminous future for the oil and gas industry
Major oil and gas producing economies will need to diversify and demonstrate a renewed commitment to reform, if they are to cope with the changing dynamics of global energy.
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NewsVirginia gets the go-ahead
The port of Virginia has secured full federal authorisation for its project to deepen and widen Norfolk Harbor’s commercial shipping channels.