Business news – Page 182
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Cargolux posts raised profits despite stale marketplace
May 1 - Cargolux Airlines International earned a full year net profit of USD8.4 million in 2013, compared with a USD35.1 million net loss in 2012.
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Jack-Up Barge buys self-elevating platform
April 30 - Jack-Up Barge has acquired an Odin self-elevating platform from Hochtief.
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Changes at the top for Rickmers
April 30 - Tommorow (May 1) will see the high profile Ron Widdows step down from his position as chief executive officer of Rickmers Group.
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Rotterdam wins Brazilian business
April 30 - The Port of Rotterdam Authority and TPK (Terminal Presidente Kennedy) Logistica signed a joint venture agreement in Vit
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US report suggests no benefit to developing Arctic shipping
April 29 - There is little benefit to developing shipping infrastructure in the Arctic suggests a new report issued by the U.S. Government Accountability Office (GAO).
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Projects and contracts - April 25th 2014
Here is a round up of some key developments in the engineering, procurement and construction (EPC) sector. In the past seven days we have seen Shenhua Ningmei Coal Group place an order with Siemens Energy for four CO2 compressor trains, Alstom securing a
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Remote Russian move for Tuscor Lloyds
April 24 - Tuscor Lloyds has transported a seven-tonne wheeled loader from the UK to Korsakov in Russia as out-of-gauge cargo, using a 40 ft flat rack container.
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RABT reveals terms of share offering
April 23 - Having turned down a takeover bid from its largest shareholder Kistefos, troubled Swedish shipowner Rederi AB TransAtlantic (RABT) has resolved on terms for its upcoming share issue.
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Greencarrier strengthens Norwegian operations
April 23 - Greencarrier AB, which until now has operated as two separate operations in Norway, has decided to merge its freight forwarding and logistics activities into one entity.
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Cargolux increases share capital
April 23 - At an extraordinary general meeting of Cargolux Airlines International's shareholders, it was resolved to increase the share capital of the airline by USD175 million in cash, in exchange of newly issued common shares.
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Moroccan pipe move for Alliance
April 22 - Alliance Logistics transported 1,153 m of high-density polyethylene (HDPE) pipe from Stathelle, Norway to Mohammadia in Morocco.
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Wasa becomes DSV
April 17 - Having been acquired by DSV Air & Sea Oy three years ago, Finland's Wasa Logistics is to change its official name to DSV Air & Sea Projects Oy (DSV Projects Finland) on May 1, 2014.
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Projects and contracts - April 17th 2014
Here is a round up of some key developments in the engineering, procurement and construction (EPC) sector. In the past seven days we have seen a Technip Heerema consortium secure a USD3.5 billion contract offshore Angola, the NADB providing finance to Mex
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ENTREC lowers 2014 revenue expectations
April 14 - ENTREC Corporation has reduced its expectations regarding revenues for 2014, blaming lower levels of equipment utilisation, which it expects to continue into the second quarter of 2014. These reduced expectations primarily relate to the timing
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Fairmount tows Sevan Louisiana
April 14 - Fairmount Marine's Fairmount Sherpa has towed the ultra deep water rig Sevan Louisiana over 18,500 km from Singapore to Cura
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Loomis to buy VIA MAT
April 14 - Loomis AB has entered into an agreement to acquire 100 percent of the shares in Zurich-based VIA MAT Holding AG, which has an enterprise value of approximately CHF200 million (USD227.3 million)
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Dynamar says PCC/PCTC fleet is growing while conventional ro-ro lags
April 14 - A new study from Dynamar, "Deepsea Ro/Ro Shipping - Operators, Ships & Trades (2014), detailing conventional ro-ro vessels and vehicle carriers operating in the sector, found that while the conventional deep sea ro-ro fleet is contracting, the
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Liberum recommends Air Partner
April 14 - Investment banking consultant Liberum has issued a report about Air Partner, stating that UK based air charter broker has shown good underlying performance in its latest financial results.
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HSH Nordbank suffers heavy losses
April 11 - HSH Nordbank, one of the world's largest maritime lenders, revealed that it lost EUR814 million (USD1.13 billion) during its 2013 financial year, up from EUR124 million (USD172 million) in 2012.