Business news – Page 121
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Silvasti strengthens with Frank Nørager
December 13 - Finland-based heavy transport and project logistics provider, Ville Silvasti, has acquired Frank Nørager & Co.
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Logistec inks TRPA deal
December 8 - Logistec Stevedoring has entered into an agreement with the Trois-Rivières Port Authority (TRPA) in Québec, Canada, for the leasing and operation of its general cargo terminal.
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MACS parent acquires Hugo Stinnes
December 8 - Vineta, the holding company of Hamburg-based multipurpose shipping line MACS, has acquired 100 percent of the shares of Rostock-based Hugo Stinnes Schiffahrt.
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Able digs deep to upgrade Seaton Port
December 7 - The Able Group has completed a GBP6 million (USD8 million) project to upgrade its Able Seaton Port (ASP) facility in Teesside, North East England.
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Keen Transport sold
December 7 - Wallenius Wilhelmsen Logistics ASA (WWL ASA) has signed an agreement to acquire 100 percent of the shares in USA-based Keen Transport.
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LOC expands in Egypt
December 7 - Global marine and engineering consultancy LOC Group has opened an office in Cairo, Egypt to increase the company's presence across North Africa and the Middle East.
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Laso invests with Actros
December 7 - Portugal-headquartered Laso Transportes has invested EUR5 million (USD5.8 million) in its specialised equipment fleet in 2017, including the purchase of six Mercedes Actros units.
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Belgium granted maritime tax extension
December 6 - Belgium has received approval from the European Commission (EC) to prolong its existing tax measures for maritime transport until the end of 2022.
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Overcapacity lingers in shipping outlook
December 6 - The outlook for global shipping in 2018 remains negative, as lingering overcapacity continues to restrict material improvement in market fundamentals, says Fitch Ratings.
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QuattroR completes Fagioli investment
December 5 - QuattroR, the private equity fund that invests in mid-sized and large Italian companies, has completed its initial investment in Fagioli.
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Maersk gets the green light
December 1 - Maersk Line has obtained the final regulatory approval for the acquisition of German shipping line Hamburg Süd.
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UASC fully integrated into the Hapag-Lloyd Group
November 30 - Hapag-Lloyd has completed the integration of United Arab Shipping Company (UASC) into the group, six months after starting the merger process.
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Mammoet expands at Freeport
November 29 - Mammoet USA has completed the expansion of its site at Port Freeport in Texas, USA.
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E.R. Group targets institutional investors
November 28 - E.R. Schiffahrt, the Germany-based group, which is known for its ship managment and financing activities, has revealed plans to develop a business offering investment opportunities for institutional investors.
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Container volumes set to break record
November 27 - Container volume growth continues apace with loaded shipments on course to break 200 million teu in 2017, says global shipping consultancy Drewry.
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Longview looks ahead
November 27 - The Port of Longview in Washington, USA, says it will make expansion of port infrastructure a key priority in its 2018 budget, capitalising on momentum from past years.
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Extended Breeze sets sail
November 24 - The lengthening programme of Finnlines' vessels is in full swing in the Remontowa shipyard in Gdansk, Poland, with the first of four of its vessels extended by approximately 30 m.
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OL adds US office
November 17 - OL International Holdings has acquired the US office of Transitainer Global, based in Long Beach, California.
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New logistics centres for Kingston Wharves
November 15 - Kingston Wharves Ltd (KWL) in Jamaica says it will open two new logistics centres by December this year.
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Weighty crane investment for QF
November 15 - Project forwarding specialist Quality Freight (QF) UK has invested GBP700,000 (USD920,000) in a Terex Fuchs MHL390 material handling crane.