Business news – Page 142
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Rickmers credit rating lowered
May 20 - Creditreform has revised its rating for Rickmers Holding - parent company of the Rickmers Group - from B- to CCC.
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Gode farm comes together
May 20 - A2SEA's vessel Sea Challenger has completed the installation of 97 Siemens 6 MW turbines at Dong Energy's Gode Wind 2+1 offshore wind farm in the German section of the North Sea.
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MeteoGroup turns the tide
May 20 - MeteoGroup has developed and integrated its own tidal currents model into its SPOS Onboard and RouteGuard services, which it claims will improve situational awareness and ETA planning.
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Breakbulk slides at NWSA
May 18 - The Northwest Seaport Alliance (NWSA) has posted a 36 percent year-on-year decline in breakbulk cargo volumes during January-April 2016.
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Terex agrees Konecranes sale
May 17 - Terex Corporation has agreed with Konecranes to terminate its original merger plans and instead sell its material handling and port solutions (MHPS) business to the Finnish company for USD1.3 billion.
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CEA and Fagioli team up in Southeast Asia
May 16 - CEA Project Logistics and Fagioli have entered into a consortium agreement that will see the two companies deliver services throughout Thailand, Myanmar, Vietnam and Cambodia.
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Challenging times ahead, says WWH
May 13 - Shipping and integrated logistics group Wilh. Wilhelmsen Holding (WWH) reported an operating profit of USD143 million for Q1 2016, on the back of revenues totalling USD848 million during the quarter.
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Container lines form THE Alliance
May 13 - Hanjin Shipping, Hapag-Lloyd, "K"Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha (NYK Line) and Yang Ming have partnered to form THE Alliance - a new container shipping alliance covering East-West trade lanes.
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Horizon Terminal opens at Port Everglades
May 13 - Horizon Terminal Services has commenced operations in Port Everglades, Florida, USA.
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Rickmers Group sees first quarter slide
May 13 - Rickmers Group generated revenues of EUR129.3 million (USD146.74 million) during the first quarter of 2016 - a decline of 7.1 percent year-on-year in comparison with the same period of 2015.
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Hapag-Lloyd battles through 'seasonally weak first quarter'
May 13 - Hapag-Lloyd reported a fall in revenues during the first quarter of 2016, due in part to a significant drop in average freight rates.
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K-100 rope hits Middle East
May 11 - A Grove RT880E has been the first crane in the Middle East to be fitted with Samson's innovative K-100 synthetic hoist rope.
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Boskalis results 'as expected'
May 10 - Royal Boskalis Westminster (Boskalis) closed the first quarter of 2016 in line with expectations, with EBITDA margins down compared with the same period of 2015 and the order book showing slight year-on-year increases.
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ALE concludes major wind energy project
May 9 - ALE is close to finishing a major contract for the transportation, lifting and installation of 24 x 2.5 MW turbines on a project site in Khao Kho and another 30 x 2.5 MW turbines at Watabak, Thailand.
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Armitt in at Thamesport
May 9 - UK shipping agent and specialist logistics company, The Armitt Group, has signed a long term agreement to build a 120,000 sq ft (11,148 sq m) multimodal terminal at London Thamesport with the port's owners Hutchison Port Holdings (HPH) Group.
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Profit up, revenue down at Agility
May 9 - Agility posted a net profit of KWD13.1 million (USD43.4 million) for the first quarter of 2016, which is an increase of 10.9 percent; and a revenue of KWD298.8 million (USD991.7 million) - a 6.1 percent decrease compared with the same period of 20
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Modern Cranes buys Grove unit
May 9 - Modern Cranes, a crane rental company based in Hyderabad, India, has expanded its crane fleet with its biggest acquisition yet - a Grove GMK6300L.
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Owner to offer stake in DB Schenker
May 6 - Deutsche Bahn (DB) has announced plans to move forward with the sale of a stake in its DB Schenker forwarding and logistics business.