Business news – Page 160
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The Friday Flyer - April 3rd 2015
This week's round up of news from the world of heavy lift and project forwarding.
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DVB Bank adds shipping expert
April 2 - Bart Veldhuizen has joined the Board of Managing Directors of DVB Bank SE.
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ABP gets new shareholder
April 2 - The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure are to buy a 30 percent stake in Associated British Ports (ABP) for about GBP1.6 billion (USD2.4 billion), and may acquire a further 3.33 percent, depending on pre-exempt
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Swire Tasmania deal falls through
April 1 - A memorandum of understanding (MoU) signed between the Tasmanian government and Swire Shipping has expired, due to the economic case for a direct international service linking Tasmania to global markets no longer being sustainable.
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Shipping confidence slides again
April 1 - Overall confidence in the shipping industry fell to its lowest level for two and a half years during the three months up to February 2015, according to Moore Stephens' latest Shipping Confidence Survey.
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Attendance up at Breakbulk China
March 30 - The Breakbulk China exhibition, which was held from March 17-20 at the Shanghai World Expo Exhibition & Convention Centre, hosted 6 percent more attendees this year compared with 2014.
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Agility posts profits
March 30 - Kuwait headquartered logistics services provider Agility posted a net profit of KD50.84 million (USD169.19 million) for its full financial year 2014 - a 10 percent year-on-year improvement over 2013.
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Carisbrooke reports few problems with ECA rules
March 30 - "Our first three months of emission control area operation have run without a hitch," says Carisbrooke Shipping ceo Robert Wester.
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When a ship's not a ship it's a problem
March 27 - Rotterdam-based law firm AKD says the lack of an unambiguous term to describe a 'ship' in several jurisdictions represents a potential threat to asset security for financiers, particularly in the offshore and renewable energy sectors.
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Hapag Lloyd swaps finance chiefs
March 27 - Effective April 1, Peter Ganz is to relinquish his post as company cfo of the merged Hapag-Lloyd/CSAV operation (trading as Hapag Lloyd).
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Oil prices cast shadow over project shipping
March 26 - Global dry cargo demand growth, forecast at 5 percent per annum from 2016 to 2019, will be offset by falling project cargo volumes over the next twelve to eighteen months, according to the latest edition of the Multipurpose Shipping Market Revi
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Liebherr Maritime Cranes eyes South Africa
March 25 - Liebherr Maritime Cranes has opened a new specialised maritime hub, including a sales and service centre, in Durban, South Africa, trading as Liebherr Africa.
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Pan Ocean back in black
March 25 - South Korean shipping line Pan Ocean has posted a profit of USD748.5 million for the 12 month trading period culminating December 2014.
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Traffic grows, investments approved at GPA
March 24 - Georgia Ports Authority (GPA) marked strong and sustained growth across all major markets during February 2015, including breakbulk, automobiles and machinery, as well as bulk and containerised freight.
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XCMG opens new factory
March 20 - XCMG's heavy-duty truck manufacturing plant in Xuzhou National Hi-tech Industrial Development Zone has started production.
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Lufthansa profits rise
March 20 - Lufthansa Cargo achieved an operating profit of EUR100 million (USD106 million) in 2014, which represents a significant increase for the airline when compared with 2013's EUR79 million (USD84 million).
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Abu Dhabi Ports optimistic for 2015
March 18 - Following a record year in 2014, Abu Dhabi Ports is forecasting 17 percent growth across all its general cargo activities in 2015.
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The Wednesday Wire - March 18th 2015
Your midweek round-up of news from the world of heavy lift and project forwarding.
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Port of Vancouver USA has 'historic year'
March 17 - Port of Vancouver USA ceo Todd Coleman says that 2014 was a "banner year" for the port, with the gateway experiencing its best year for revenue and tonnage in its 103-year history.