Business news – Page 128
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Daseke builds open-deck trucking group
May 3 - Daseke Inc, one of the largest owners of open-deck transportation equipment in North America, is merging with fellow open-deck truck operators The Schilli Cos and Big Freight Systems Inc.
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Declining vigilance will increase piracy
May 3 - The recent spate of attacks off the Horn of Africa may point to an elevated risk for a return of piracy, according to Oceans Beyond Piracy's (OBP) annual State of Maritime Piracy report which analyses the human and economic impacts of maritime pir
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Maersk's acquisition approved
May 3 - The sale and purchase agreement for Maersk Line's acquisition of Hamburg Süd has been approved by the boards of Maersk Line and the Oetker Group.
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Key shipping issues come under scrutiny
May 3 - The International Chamber of Shipping (ICS) has launched its latest Annual Review, ahead of the ICS Annual General Meeting in Istanbul next week.
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Strong start for DSV
May 2 - DSV has reported a net revenue of DKK18.2 billion (USD2.7 billion) for the first quarter of 2017, in comparison to DKK15.3 billion (USD2.2 billion) for the corresponding period of 2016.
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ACS soars in 2016
May 2 - Air Charter Service (ACS) has reported a strong 2016, with an 8 percent increase in revenue, totalling GBP342 million (USD441.8 million) in the year ending January 31, 2017.
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Pioneering Spirit sets record
May 1 - Allseas' dynamically positioned single-lift installation/decommissioning and pipelay vessel Pioneering Spirit has set a world lifting record with the safe and successful removal of Shell UK's 24,000 tonnes Brent Delta platform topsides from the No
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Cargolux profits tumble in volatile 2016
May 1 - Cargolux Airlines carried almost 1 million tonnes of cargo on its global freight network during a volatile 2016. However, the carrier's profit fell some 90 percent year-on-year from USD49 million in 2015 to USD5.5 million in 2016; revenues fell by
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Construction at Cuxport
April 27 - The deepwater terminal of Cuxport, located in Cuxhaven, Germany is undergoing the construction of a fourth berth.
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Herfurth takes two
April 25 - Herfurth Logistics, part of the Herfurth Group, has acquired the Netherlands-based companies M-Star Freight Services and Falconex.
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China Merchants completes Sinotrans merger
April 24 - China Merchants Group, the state-owned conglomerate completed a strategic reorganisation, which results in and Sinotrans & CSC becoming a wholly-owned subsidiary of the former.
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Three Lines Shipping seeks investor
April 24 - Three Lines Shipping (TLS), a UAE-based transportation and logistics company, has confirmed reports that it is looking for an investor to help boost its regional expansion and grow its brand.
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Moore Stephens flags shipping pool pitfalls
April 20 - International accountant and shipping adviser Moore Stephens issued a warning to ship owners and operators to check carefully the financial, tax and jurisdictional implications of participating in shipping pool arrangements.
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Siemens set for Dubai global logistics
April 19 - Siemens, one of the largest manufacturing and electronic companies in the world, will set up its global logistics headquarters, including its portfolio for airports, cargo infrastructure and ports, in Dubai.
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Ex-Im Bank to get full functionality?
April 18 - In the USA, many have welcomed President Trump's announcement last Friday naming former Congressmen Scott Garrett and Spencer Bachus as nominees to the Export-Import Bank (Ex-Im) board of directors.
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RSS names directors
April 13 - Rope and Sling Specialists (RSS) has named Alan Varney and Angela Holmes as operations and finance directors respectively.
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Liebherr expands in Buenos Aires
April 12 - Liebherr-Argentina, a subsidiary of Liebherr, has opened a 314 sq m office in Buenos Aires, expanding the group's activities in Argentina and Uruguay, primarily in the areas of mining, mobile cranes, and port and harbour cranes.
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WaterFront expands
April 7 - Global ship agency WaterFront Maritime Services (WaterFront) has expanded by adding five new network partners across North and South America as well as the UK, in a move that provide it with a further 57 offices and access to more than 400 staff
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Weak year for Grieg shipping arm
April 7 - In 2016, Grieg Star recorded a loss of NOK64 million (USD7.4 million), against a net deficit of NOK476 million (USD55.3 million) in 2015, says its parent company, Grieg Group.
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Zeaborn completes Rickmers-Linie takeover
April 6 - Rickmers-Line GmbH, a company within the Bremen-based Zeaborn Group, has completed the takeover of the business operations of Rickmers-Linie and MCC Marine as well as NPC Projects, which was originally announced on February 9 and received cleara