Business news – Page 117
-
NewsWallenius Wilhelmsen rebrands WWL
Wallenius Wilhelmsen has rebranded Wallenius Wilhelmsen Logistics (WWL) into two entities to reflect changes in its business strategy.
-
NewsUK ports set for infrastructure investment
The British Ports Association (BPA) has published research by infrastructure advisory firm Moffatt & Nichol showing that UK ports and terminals have an estimated GBP1.7 billion (USD2.4 billion) of infrastructure investment in the development pipeline.
-
NewsEntrec reports revenue uptick
Heavy haul transportation and crane solutions provider, Entrec, has reported a 30 percent revenue increase in 2017, up to USD148.7 million from USD114.1 million in 2016.
-
NewsESTA joins IRU
The European association for abnormal road transport and mobile cranes (ESTA) has joined the International Road Transport Union (IRU) as an affiliate member.
-
NewsMammoet invests in UK
Heavy lifting and transportation specialist Mammoet has revealed ambitious expansion plans in the north east of the UK.
-
NewsEnd of the line for Dockwise brand
In announcing a return to profitability in 2017, Royal Boskalis Westminster (Boskalis) also revealed that it will transition all of its brands to the Boskalis brand name during this year.
-
NewsSterling Global Marine acquires
In the UK, Sterling Global Marine has acquired fellow marine surveying company, Geoff Waddington & Partners in a move it says will allow the company to significantly upscale its business across both the leisure and commercial industry sectors.
-
NewsHHLA rebrands Polzug
A part of the former company Polzug Intermodal, a subsidiary of Hamburger Hafen und Logistik AG (HHLA), has been rebranded as HHLA Project Logistics.
-
NewsEverett awards construction contracts
The port of Everett has awarded approximately USD25 million in construction contracts for the second phase of its south terminal modernisation project.
-
NewsLogistec expands with Gulf Stream Marine
Canada-based Logistec has expanded its network of terminals with the acquisition of Gulf Stream Marine, a cargo handling and stevedoring specialist in the US Gulf Coast region.
-
NewsHSH Nordbank privatised
Germany's state-owned HSH Nordbank has been acquired by a consortium of private equity firms in a deal with an estimated value of approximately EUR1 billion (USD1.2 billion).
-
NewsBuyers found for HSH Nordbank
The Wall Street Journal (WSJ) has reported that US private equity firms J.C. Flowers & Co and Cerberus Capital Management have agreed to buy German lender HSH Nordbank for up to EUR1 billion (USD1.2 billion).
-
NewsALP wins Kaombo contract
Interoil and Saipem have contracted ALP Maritime Services to provide tow assistance and heading control services for the Kaombo field development project, located in Block 32, offshore Angola.
-
NewsPositive outlook for multipurpose and project cargo shipping
Susan Oatway, lead analyst for multipurpose shipping at Drewry, said 2018 is shaping up to be a positive year for the multipurpose and project cargo shipping market.
-
NewsDjibouti seizes control of DP World terminal
The government of Djibouti has seized control of the Doraleh Container Terminal from Dubai Ports World (DP World).
-
NewsRo-ro capacity rises in Rotterdam
The renovated Stena Line Terminal at Europoort at the port of Rotterdam has officially started operations.
-
NewsKOG expands in Chicago
The Swiss project logistics specialist, KOG Worldwide - part of the Rhenus Group - has opened a branch in Chicago, USA under the management of its subsidiary company, KOG Transport.
-
NewsGlobal growth boosts shipping, says BIMCO
Economic growth around the world is supporting the shipping industry, says the Baltic and International Maritime Council (BIMCO) in its latest macroeconomic assessment.
-
NewsACS' revenue soars
Air Charter Service (ACS) has reported that the company's revenue was USD677 million in the financial year ending January 31, 2018, a 39 percent increase on the previous year.
-
NewsABC eyes secondary hub potential
Russia's AirBridgeCargo Airlines (ABC) is assessing the capabilities of European airports as part of potential plans to establish a secondary hub to complement its main Moscow base.