Business news – Page 148
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Faymonville takes another to America
January 25 - Faymonville has launched its TeleMAX - a flatdeck semi-trailer extendable to a maximum length of 210 ft (64 m) - for the North American market.
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ZPMC - Red Box gets Audax
January 25 - ZPMC - Red Box Energy Services has taken delivery of Audax, one of two 25,000 dwt PC-3 module carriers that the company is having built in China.
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DP World looks to Rwanda
January 25 - DP World has been granted a 25-year concession to develop and operate a new logistics centre in Kigali, Rwanda.
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Seaport alliance sees breakbulk slide
January 22 - Although the Northwest Seaport Alliance handled more than 3.5 million teu in 2015, a 4 percent year-on-year increase, its breakbulk cargo volumes fell by almost 8 percent.
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DSV completes UTi acquisition
January 22 - DSV's acquisition of UTi Worldwide has now been completed with the approval of UTi shareholders and competition authorities.
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RiverOak targets Manston reopening
January 22 - The UK's National Infrastructure Planning inspectorate has received an application from RiverOak Investment Corporation to reopen Manston Airport in Kent.
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Cargolux China approved
January 20 - The Cargolux board of directors has approved an investment of USD77 million for Cargolux China - a new joint venture Chinese cargo airline based in Zhengzhou.
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Atlas Air inks Southern deal
January 20 - Atlas Air Worldwide Holdings has entered into a definitive agreement to acquire the privately-held intercontinental and domestic air cargo services provider Southern Air Holdings in a USD110 million deal.
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Index suggests growth, but volatility
January 19 - According to the 2016 Agility Emerging Markets Logistics Index, supply chain executives expect an uptick in emerging markets growth in 2016, despite concerns about China and the fluctuating oil price.
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UTi-DSV merger edges closer
January 15 - UTi Worldwide's shareholders have overwhelmingly voted to adopt the previously announced merger agreement for the acquisition of the company by Danish transport and logistics outfit DSV.
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Indiana urged to build fourth port
January 14 - Governor Mike Pence has called on the Ports of Indiana to "vigorously explore" building the state's fourth port in southeastern Indiana.
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NYK puts trust in Rotterdam
January 14 - NYK Bulk & Projects Carriers (NBPC) has decided to use the Port of Rotterdam as its 'port of call' for loading and unloading breakbulk cargo on its Europe-Far East service.
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Almajdouie overcomes canals
January 14 - Almajdouie Logistics Company was contracted to transport 34 heavy and oversize units over 140 km by road from Jazan Port to Jazan Economic City in Saudi Arabia.
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UTC sets three-state record
January 13 - UTC Overseas executed a record-breaking project shipment, delivering a huge phase-shifting transformer (PST) from China to Utah in the USA. In the process UTC set records for the heaviest over-road permits issued in the states of Utah, Arizon
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ABL in Dissaco takeover
January 11 - ABL has acquired the Antwerp based freight forwarding company Dissaco.
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RHI takes Haisheng stake
January 8 - Jiangsu Rainbow Heavy Industry (RHI) has revealed plans to acquire a 34.99 percent share in Hunan Haisheng Heavy Industry from two separate shareholders.
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Collett makes cutting-edge investment
January 8 - Collett Transport has added three Nooteboom Super Wing Carriers to its fleet.
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Drewry: Container lines brace for losses in 2016
January 8 - The container shipping industry should brace for losses in 2016, according to the latest Container Forecaster report released by global shipping consultancy Drewry, which will have a negative knock-on effect on the heavy lift and multipurpose
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McClellan up at Crowley
January 6 - Kerri McClellan has been promoted to vice president and deputy general counsel for Crowley Maritime Corporation.
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Sinotrans & CSC Holdings gobbled up
December 30 - According to China Merchants Group, the Hong Kong based state-owned conglomerate with businesses in transportation, finance and real estate, is set to acquire China's Sinotrans & CSC Holdings.