Business news – Page 158
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Panalpina makes Egyptian buy
May 29 - Panalpina is to acquire its long-standing Egyptian agent, Afifi - a family-owned company specialising in freight forwarding, Customs clearance and logistics.
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Beginning of new life for Toll
May 29 - Toll Group today celebrates its first official day as part of Japan Post, after a USD5.1 billion takeover deal was agreed.
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Able looks to decommissioning market
May 29 - Able UK has been awarded the contract for the disposal of four offshore structures from the Shell-operated Brent field, which is located northeast of the Shetland Islands.
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Micanti gets backing for Thorn-D antifouling
May 28 - Dutch maritime technology company Micanti has closed an investment round with independent investment company Pindustry to finance the global roll-out of its proprietary antifouling technology, Thorn-D.
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Demand for freighter aircraft to keep growing, says ACMG
May 26 - According to Air Cargo Management Group's (ACMG) freighter forecast for 2015, the airfreight market will need around 125 new freighters per year to meet growth and replacement needs over the next 20 years.
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Duluth port project gets underway
May 27 - The Twin Ports maritime community will gather today, May 27, to officially break ground on a USD17.7 million intermodal project at the Port of Duluth.
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Mammoet bridges Lithuanian gap
May 26 - Mammoet has transported and installed a footbridge across the Alytua Park valley in the Lithuanian city of Alytus.
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TNT Crane in Rocky buy
May 26 - TNT Crane & Rigging has acquired Denver, Colorado headquartered Rocky Mountain Structures (RMS). Terms of the transaction were not disclosed.
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Maxim buys Crane Rental
May 26 - Maxim Crane Works has acquired Orlando, Florida based heavy haulage, specialised rigging and crane services provider, Crane Rental Corporation.
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The Wednesday Wire - May 20th 2015
Your midweek round-up of news from the world of heavy lift and project forwarding.
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Antwerp gives green ship discount
May 19 - Effective June 1, the port of Antwerp will grant a discount to seagoing vessels that use alternative technology to reduce emissions of particulates.
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TTS Group sees Q1 improvements
May 15 - TTS Group posted an operating profit (EBITDA) of NOK600,000 (USD80,500) in the first quarter of 2015, compared with a loss of NOK38.4 million (USD5.1 million) in the same period of 2014.
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Intrepid load for Dockwise
May 13 - Dockwise's largest semi-submersible heavy transport vessel Dockwise Vanguard has loaded the Armada Intrepid floating production, storage and offloading platform - the first ever ship-shaped FPSO - in Rotterdam.
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Crowley commits to Puerto Rico
May 12 - Crowley Puerto Rico Services will execute a USD48.5 million construction contract for a new pier at its Isla Grande Terminal in San Juan, Puerto Rico.
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Marjorie makes maiden voyage
May 8 - Pasha Hawaii's new con-ro vessel Marjorie C has arrived at the Port of San Diego, California ready for its maiden voyage to Honolulu in Hawaii.
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Tough climate impacts Tiong Woon
May 7 - Heavy lift and specialist service provider Tiong Woon Corporation has reported a turnover of USD34.5 million for the three-months ending March 31, 2015 - a 6 percent year-on-year decline.
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Tough climate impacts Tiong Woon
May 7 - Heavy lift and specialist service provider Tiong Woon Corporation has reported a turnover of USD34.5 million for the three-months ending March 31, 2015 - a 6 percent year-on-year decline.
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Tough climate impacts Tiong Woon
May 7 - Heavy lift and specialist service provider Tiong Woon Corporation has reported a turnover of USD25.92 million for the three-months ending March 31, 2015 - a 6 percent year-on-year decline.
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Nurminen updates outlook
May 6 - Finland's Nurminen Logistics expects its net sales, operating result and earnings per share to decline from the level of 2014, having previously said in March that it expected them to improve compared to 2014.
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Confidence slides, says Moore Stephens
May 6 - According to Moore Stephens' latest Shipping Confidence Survey, the average confidence level for the shipping industry hit its lowest level for two-and-a-half years.