Business news – Page 146
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Broekman acquires DMI
March 3 - Broekman Logistics has acquired Distribution Masters International (DMI).
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K+N profit up in 2015
March 3 - Despite recording a 4.4 percent year-on-year drop in turnover for 2015 at CHF16.7 billion (USD16.72 billion), Kuehne + Nagel posted EBITDA of CHF1.04 billion (USD1.041 billion) - a 3.6 percent increase compared with 2014.
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Panalpina results 'prove resilience'
March 1 - Panalpina's gross profit for 2015 decreased 7.1 percent year-on-year to CHF1.47 billion (USD1.46 billion), while its EBIT was slightly up compared with 2014 at CHF117.2 million (USD117.1 million).
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Ceva maintains 'strong' year
March 1 - Ceva Logistics has posted a revenue of USD6.9 billion for its 2015 financial year, a 10.3 percent drop compared with USD7.7 billion in 2014.
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SCH ups lifting capacity
March 1 - Southampton Cargo Handling (SCH) has expanded its fleet of project cargo handling equipment with the acquisition of a 72-tonne capacity modular spreader beam from Tilbury, UK based supplier Delphini.
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Ningxia adds new ATC
February 26 - Ningxia Wang Thai Engineering Machinery has strengthened its longstanding relationship with crane manufacturer Manitowoc by acquiring a new 300-tonne lifting capacity Grove GMK600L all terrain crane (ATC).
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Challenging market harms Terex
February 23 - Terex has recorded an income from continuing operations of USD142.5 million in 2015, compared with USD259 million in 2014.
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Goffin takes Great Yarmouth reins
February 23 - Following the acquisition of Great Yarmouth Port Company (GYPC) last year, Peel Ports has named Richard Goffin port director at the UK gateway.
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Kobelco merger to go ahead
February 23 - Kobe Steel will merge the businesses of Kobelco Construction Machinery and Kobelco Cranes together with effect from April 1, 2016.
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Terex Konecranes merger on hold
February 22 - In a stock exchange statement, Terex Corporation has said that "it would be prudent to pause the integration planning activities for its merger with Konecranes for the time being".
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Ritchie Bros acquires Mascus
February 19 - Industrial auctioneer Ritchie Bros has acquired online equipment listing service Mascus International Holding.
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Integrated makes big investment
February 19 - Integrated Logistics has recently invested in an array of new equipment to cope with increasing demand and upcoming projects.
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Louisiana calls for Gulf Stream Marine
February 19 - Gulf Stream Marine has expanded into Louisiana, after being awarded a stevedoring license by the Port of Lake Charles.
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Metro Vancouver sees breakbulk slump
February 19 - Port Metro Vancouver recorded a year-on-year decline in breakbulk metal imports during the second half of 2015, which it attributed to lower capital investments in the energy sector.
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POSH foresees 2016 challenges
February 19 - Offshore marine services provider PACC Offshore Services Holding (POSH) posted a 20 percent year-on-year increase in revenue for 2015 at USD280.8 million.
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'Great year' for Atlas Air
February 19 - Atlas Air Worldwide Holdings posted an adjusted net income of USD125.3 million for the 12 months ended December 31, 2015, compared with USD93.4 million in 2014.
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TTS predicts 'improving market' for heavy lift cranes
February 18 - Marine and offshore equipment supplier TTS Group posted a turnover of NOK259 million (USD30.2 million) for its multipurpose/general cargo business in 2015, compared with NOK138 million (USD16.1 million) in 2014.
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More losses at Nurminen
February 18 - Against a backdrop of particularly challenging market conditions, Nurminen Logistics posted a negative net profit of EUR -4.4 million (USD -4.8 million) for 2015.
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Volumes down at NWSC
February 18 - Shipments undertaken by the North-Western Shipping Company (NWSC) in 2015 totalled 4.8 million tonnes - 14 percent lower than the previous year.
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North Sea decommissioning: changes afoot?
February 17 - Douglas Westwood's (DW) new publication, the North Sea Decommissioning Market Forecast 2016-2040, considers whether offshore decommissioning will continue to be carried out using heavy lift vessels.