Business news – Page 147
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Dundee plans huge port investment
February 17 - Forth Ports has unveiled plans to invest over GBP10 million (USD14.3 million) to create a new quayside with heavy lift capability at the UK's Port of Dundee.
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Jantzie up at C.H. Robinson
February 17 - C.H. Robinson has promoted Bruce Jantzie to vice president of global forwarding, project logistics.
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Oversize cargo slides in Hamburg
February 11 - The Port of Hamburg handled 1.7 million tonnes of non-containerised general cargo, including out-of-gauge and ro-ro cargoes, in 2015 - a 14 percent decrease compared with 2014.
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Faktor 5 for Lee & Muirhead
February 10 - Indian logistics and transport company Lee & Muirhead has invested in a Faktor 5 high girder bridge from Goldhofer for use in power generation projects.
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2015 a 'good year' for DSV
February 10 - DSV record a net revenue of DKK12.6 billion (USD1.89 billion) in the fourth quarter of 2015, a slight increase compared with the DKK12.53 billion (USD1.88 billion) recorded in the fourth quarter of the previous year.
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PPG enjoys Mumbai meeting
February 8 - The Project Professionals Group (PPG) held its ninth annual conference in Mumbai, India from February 3-5, which PPG general manager Kevin Stephens said was a "very successful event".
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SafmarineMPV down to one trade
February 8 - Following the recent sale of its South Africa - West Africa multipurpose service to Cape Town based Fairseas International and the withdrawal of the line from the West Africa - US Gulf trade in early January 2016, multipurpose operator Safmar
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Scheuerle delivers big to ALE
February 8 - ALE has taken delivery of 240 axle lines of Scheuerle's new generation of self-propelled modular transporters (SPMT).
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Konecranes to scale back
February 5 - Konecranes intends to initiate actions aimed at annual cost savings of EUR25 million (USD27.9 million) by the end of 2017.
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Crane sales slide at Manitowoc
February 3 - Manitowoc's cranes business has posted an 18.1 percent year-on-year decline in net sales for the fourth quarter of 2015.
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MIQ strengthens Latin presence
February 3 - MIQ Logistics has purchased assets in Miami, Florida based Alfa Logistics and Colombia's Kronos Logistics.
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Lake Charles prepares for boom
February 3 - The Port of Lake Charles has handled 220 components of a large Mammoet crane, which was shipped into the US gateway from Brazil on board BBC Chartering's heavy lift vessel BBC Fuji.
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Japanese carriers brace for tough 2016
February 2 - MOL has forecast a USD1.45 billion loss for its financial year ending March 31, 2016, as the Japanese line restructures its dry bulker and container shipping business areas.
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Atlas Breakbulk Alliance bags Pegg
February 2 - Atlas Logistics Network (ALN) has formed a separate organisation dedicated to the breakbulk and project cargo industry - the Atlas Breakbulk Alliance - which will be headed up by well known industry personality, Albert Pegg.
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Rickmers reconfirms positive forecast
February 1 - Despite persistently challenging market conditions, the Rickmers Group has reconfirmed its positive forecast for the 2015 financial year with regards to revenues and EBITDA.
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Pan Ocean profit slides
February 1 - South Korean shipowner Pan Ocean saw a 79.27 percent year-on-year decrease in its net profit for the fourth quarter of 2015.
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Pacific Forum in Polynesian merger
January 29 - Polynesian Shipping Line (PSL), which is owned by Neptune Pacific Line, has concluded an agreement to merge with Pacific Forum Line (PFL) with effect from January 31, 2016.
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Terex gets another offer
January 27 - Terex Corporation has received an unsolicited, non-binding acquisition proposal from Zoomlion Heavy Industry Science and Technology to acquire all of its outstanding shares, in what seems like an attempt to override the existing deal between
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Maxim goes for 13
January 26 - Maxim Crane has begun taking delivery of an additional 13 crawler cranes from Manitowoc, ranging in capacity from 400 to 825 tonnes.