Business news – Page 150
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TII Group enters India
December 8 - Germany's TII Group has entered the Indian market after acquiring domestic trailer manufacturer Tratec and establishing an Indian subsidiary - TII India PvT. Ltd.
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Lufthansa and ANA expand agreement
December 2 - One year after its original launch, Lufthansa Cargo and All Nippon Airways Cargo (ANA) are expanding their network joint venture between Europe and Japan by adding Fukuoka and Sapporo as destinations.
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Metro Ports seeks US Gulf growth
December 1 - Brent Mahana has been named Metro Ports vice president - business development, with a special emphasis on growth in the US Gulf region.
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ALC in Cargo Service buy
November 27 - Aarhus Logistics Centre (ALC) has signed an agreement to take over the activities of Cargo Service at the Danish Port of Aarhus.
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Cargolux approves extra pilots
November 27 - Against a background of ongoing discussions with unions regarding a new collective work agreement (CWA), the Cargolux board of directors has agreed a significant expansion strategy for the airline.
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ASEAN-China agreement revised
November 26 - The Association of Southeast Asian Nations (ASEAN) and China have signed an agreement to amend and update the ASEAN-China Free Trade Agreement (ACFTA).
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Steder goes ro-ro
November 24 - Steder Group has transported a Hitachi EX1200 excavator from the customer's quay in the Netherlands to a terminal in Belgium for shipment by ro-ro vessel to South America.
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UGLYcargo launches marketplace
November 23 - UGLYcargo has launched an online marketplace designed to assist shippers in finding an appropriate carrier at competitive prices and support carriers in maximising their load capacity.
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ProvPort plays offshore wind part
November 23 - Deepwater Wind and General Electric (GE) are establishing a new temporary manufacturing facility at Rhode Island's Port of Providence (ProvPort), for the assembly of turbine components for the Block Island wind farm.
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Ship operating costs to rise
November 23 - According to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by Drewry, the cost of operating cargo ships is forecast to rise over the next two years after falling in 2015.
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Rickmers-Linie in 'positive turnaround'
November 20 - Rickmers Group's heavy lift shipping subsidiary Rickmers-Linie recorded a 6.9 percent year-on-year drop in revenue for the first nine months of 2015, but a positive increase in EBITDA (consolidated operating profit before interest, taxes, de
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Nordana Sea to set sail
November 18 - Nordana Sea - the third vessel in a series of six ships to be delivered to Symphony Shipping and subsequently chartered out to Nordana - will be launched by the Ferus Smit shipyard in Leer, Germany on December 11, 2015.
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Everett unveils new budget
November 18 - The Port of Everett Commission has revealed a USD78 million operating and capital budget for 2016.
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States club together in terminal build
November 17 - Georgia and South Carolina's port authorities have signed a joint venture agreement that provides the necessary framework for the two US states to work cooperatively towards the development of the Jasper Ocean Terminal (JOT).
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Townsville inks Indonesian tie-up
November 17 - Australia's Port of Townsville has signed a memorandum of understanding (MoU) with the Indonesia Port Corporation (IPC) to strengthen trade and development opportunities between the respective countries.
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Boskalis outlook unchanged
November 16 - Royal Boskalis Westminster (Boskalis) has posted "good" third quarter results, with quarterly revenue slightly exceeding the average quarterly revenue in the first of the year.
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Agility growth steady in 'soft' market
November 12 - Agility posted a net profit of KWD13.7 million (USD45 million) for the third quarter of 2015, which represents a 5 percent increase compared with the same period of 2014.
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Subsea 7 downscaling plans succeed
November 12 - Subsea 7 has disclosed a bigger fleet reduction plan with six of its ships being laid up in order to reduce the fleet in "subdued markets".
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New Orleans hits high
November 12 - The Port of New Orleans has surpassed the half-million mark for twenty-foot equivalent units (teu) handled over a 12-month period.
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Alstom sells to GE
November 10 - Alstom has closed the sale of its energy activities to General Electric (GE) for approximately EUR12.4 billion (USD13.25 billion).