Business news – Page 107
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NewsRickmers awarded Sinotrans contract
Rickmers-Line has signed a six-year contract with the project logistics division of Sinotrans for the ocean transportation of breakbulk and project cargoes, as part of a major infrastructure project.
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NewsMammoet wins LTHE contract
L&T Hydrocarbon Engineering (LTHE) has awarded Mammoet a contract for heavy lift works as part of the Visakh refinery modernisation project in India, which is scheduled to take place in March 2019.
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NewsWeShip Projects eyes Danish market
WeShip Projects, a specialist in the ocean transportation of project, breakbulk, and heavy lift cargoes, plans to open an office in Denmark later this year.
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NewsCuxport supports Bucht project
The port of Cuxhaven’s berth no. 4 is supporting Northland Power’s Deutsche Bucht wind farm.
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NewsMammoet and Scheuerle launch TPA
Mammoet and Scheuerle, part of the TII Group, have launched the Trailer Power Assist (TPA) system, designed to improve transport efficiency and lower the carbon footprint of major projects.
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NewsDundee extends project capacity
The port of Dundee, part of the Forth Ports group, has extended its main project cargo berth – Prince Charles Wharf – to over 310 m.
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NewsUpstream delivery finally hits the mark
According to industry analyst Wood Mackenzie, upstream oil and gas companies are increasingly delivering major capital projects on time and on budget.
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NewsNCA considers fleet reduction
Nippon Cargo Airlines (NCA) will revise the size of its freighter operations in response to the business improvement order received from Japan’s Ministry of Land, Infrastructure, Transportation and Tourism (MLIT) in July.
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NewsFirst for Rhenus in New Zealand
The Rhenus Group is expanding its services in Oceania through the establishment of its first branch in New Zealand.
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NewsIntermarine plucks up the Courage
Intermarine has taken delivery of its latest heavy lift tweendeck vessel, Industrial Courage.
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NewsMOL increases PKT stake
Mitsui O.S.K Lines (MOL) has completed the acquisition of 14.27 percent of the shares in Malaysia’s PKT Logistics Group.
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IUMI launches tutorial programme
The International Union of Marine Insurance (IUMI) has launched an online cargo tutorial programme, specifically designed for intermediate-level cargo underwriters.
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NewsBoskalis vessels heading for scrap
Royal Boskalis Westminster has confirmed it will remove 11 of its “heavily loss-making" heavy transport vessels from service in the coming 12 months.
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NewsEntrec eyes Capstan acquisition
Entrec has signed a letter of intent to acquire Alberta, Canada-based Capstan Hauling.
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NewsBoskalis terminates loss-making transport activities
Royal Boskalis Westminster has terminated the loss-making transport activities in its offshore energy division and will retire some closed-stern heavy transport vessels.
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NewsSunderland sets its sights on offshore renewables
The port of Sunderland in the UK has completed a resurfacing project covering almost two acres (0.8 ha) at its Endurance Park storage area.
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NewsValleyfield secures funding
The port of Valleyfield in Canada has received a CAD3.5 million (USD2.67 million) grant from the Québec government to support its marine transportation infrastructure investments.
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NewsEU invests in Danube
The European Union (EU) plans to invest EUR59 million (USD67.4 million) in modernising the locks on the Danube-Black Sea and Midia Navodari–Porte canals in Romania.
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NewsUniversal acquires Southern Counties
Universal Logistics Holdings, a provider of customised transportation and logistics solutions, has acquired Southern Counties Express.