Business news – Page 152
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Crowley looks to SeaFreight buy
October 20 - Crowley Maritime Corporation's liner services group has signed a letter of intent to acquire Miami based SeaFreight Agencies, a liner and logistics company that serves the Caribbean and parts of Central America.
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AAPA hails release of draft freight plan
October 20 - The American Association of Port Authorities (AAPA) has applauded U.S. Department of Transportation (U.S. DOT) secretary Anthony Foxx for releasing the Draft National Freight Strategic Plan.
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Panalpina posts 'stable' profit
October 20 - Panalpina achieved a stable consolidated profit of CHF69.3 million (USD72.8 million) in the first nine months of 2015, which represents a 9.5 percent increase compared with the same period of 2014.
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Volga-Dnepr takes Polet duo
October 19 - Volga-Dnepr Group has signed a finance lease agreement with Sberbank Leasing to acquire two AN-124-100 Ruslan freighter aircraft, previously operated by Polet Airlines.
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Havator wins Metsä contract
October 19 - Havator has won a contract from Metsä Fibre, part of the the Metsä Group, to provide lifting services for the construction of a bioproduct mill in Aänekoski, central Finland.
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Grimaldi increases Finnlines stake
October 16 - Grimaldi Group subsidiary Grimaldi Euromed has purchased 5,449,032 additional shares in Finnlines, increasing the group's share capital investment in its Finnish subsidiary to 91.32 percent.
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Darwin gets new operator
October 15 - The Northern Territory government has signed an agreement to lease the Port of Darwin to Chinese-owned Landbridge Group for the next 99 years.
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ALE ups Australian operations
October 15 - ALE has formed a dedicated unit to serve the onshore oil and gas sector in Australia, by recruiting specialist personnel and investing in bespoke equipment.
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Growth accelerates at K+N
October 14 - While Kuehne + Nagel's (K+N) net turnover and gross profit slightly decreased year-on-year in the first nine months of 2015, the company's operational result showed a 4.6 percent improvement.
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Lift It secures finance facility
October 9 - Lift It Crane Hire has obtained a GBP250,000 (USD383,920) invoice finance facility from Secure Trust Bank Commercial Finance.
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DSV buys UTi in USD1.35 billion deal
October 9 - Denmark headquartered DSV Group has acquired US based UTi Worldwide in a deal worth USD1.35 billion.
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Bahri on the up
October 9 - National Shipping Company of Saudi Arabia (Bahri), reported a significant increase in third-quarter net profits this week.
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TT Club remains stable
October 8 - The TT Club has published its mid-year update for the January 1 - August 31, 2015 trading period, reporting USD116 million in gross premiums earned and total assets of USD492.8 million.
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UTC partners with Transaex
October 7 - UTC Overseas Brasil has signed a strategic alliance with Brazilian consultant Transaex Comercio Internacional.
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Cargolux JV targets heavy and OOG
October 6 - Cargolux is targeting heavy and outsize cargo as a likely significant traffic for a planned new joint venture Chinese international all-cargo airline it is now close to setting up, writes HLPFI correspondent, Phil Hastings.
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Veson teams-up with MeteoGroup
October 5 - MeteoGroup, one of the world's leading weather forecasting companies, has teamed-up with Veson Nautical - a provider of maritime software and services - to simplify reporting aboard vessels and communications with onshore operations.
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Intermarine makes the Call
September 30 - Intermarine has promoted Chad Call to director of corporate finance.
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Shipmymachinery.com is now Absolute
September 30 - Absolute Worldwide Logistics has acquired Shipmymachinery.com, the online web portal providing transportation lead generation services to the transportation industry throughout North America relating to capital equipment and machinery, as w
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Québec and Indiana form Great Lakes union
September 30 - The Canadian province of Québec and the US state of Indiana have launched a new partnership to increase their collaboration on Great Lakes/St. Lawrence System shipping and the region's maritime economic development.
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Albanian challenge continues for EMS
September 29 - EMS Albanian Port Operator (EMS APO), which is part of the EMS-Fehn-Group, claims to be experiencing renewed attacks by competitors that it believes are backed by the Durres Port Authority.