Business news – Page 196
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Cargotec makes staff cuts
November 22 - Equipment manufacturer Cargotec has made 33 of its staff in Finland redundant. In addition, 72 people will be made redundant in global support functions and other areas.
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Baltimore improves on last year
November 21 - Business remained strong for the Port of Baltimore through the third quarter of 2012, ahead of last year's pace in several cargo categories.
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UK P&I Club welcomes S&P upgrade
November 21 - The United Kingdom Mutual Steam Ship Assurance Association (Bermuda), generally known as the UK P&I Club, has welcomed an improvement of its Standard and Poor's (S&P) rating from 'Stable' to 'Positive'.
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Mississippi closures threatened
November 20 - The American Waterways Operators (AWO), the national trade association representing the US tugboat and barge industry, is calling on Congress to address a developing situation on the Mississippi which could effectively bring commerce on the
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Maersk plans to back off shipping
November 20 - The UK based Financial Times newspaper has reported that Danish oil and shipping group AP Moller-Maersk will not invest significantly in its shipping business over the next five years and will focus on its oil, drilling rigs and ports.
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Dockwise to appeal court ruling
November 16 - Dockwise, the Netherlands-based marine transport company, has confirmed that it is appealing against its recent loss of a court case brought against the ex-ceo of Fairstar Heavy Transport, Philip Adkins, which sought to gain access to the la
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Boskalis raises earnings outlook
November 16 - Royal Boskalis Westminster, a leading global services provider operating in the marine services area and providing heavy lift services through its SMIT subsidiary has reported a good third quarter to 2012.
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Agility posts strong increase
November 14 - Global logistics provider Agility reports a net profit of KWD9.75 million (USD3.5 million) for the third quarter of 2012. Compared to a net profit of KWD8.05 million (USD2.9 million) in the same quarter of 2011, this is an increase of 21 per
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NEO opens in Turkey
November 13 - NEO Air Charter - the European member of the Global Charter Alliance - has opened a new office in Istanbul, Turkey, headed by Mrs Ahu Ozturk (pictured below), as sales manager - Turkey.
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Borusan Logistics acquires Balnak Lojistik
November 12 - According to a statement issued by Borusan Logistics, it has agreed a deal to acquire Balnak Lojistik, and says this will create Turkey's leading logistics service provider in terms of staff numbers and revenues.
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Damco reports continued growth
November 12 - Damco reports revenue growth of 11 percent in the first nine months of 2012, compared to the same period last year.
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Toll promotes Partridge
November 12 - Logistics giant Toll Global Forwarding (TGF) has promoted Geoff Partridge to the post of managing director of its South African operation.
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ABP announces new chief executive
November 12 - In the UK, Associated British Ports (ABP) has announced that, after completing six years at the helm, chief executive Peter Jones has said that he will retire at the end of March 2013. He will be succeeded by James Cooper, who has served as
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Heavy lift earnings boost Tiong Woon result
November 9 - Singapore-based Tiong Woon Corporation Holding has posted results for its fiscal 2013 first quarter ended September 30, 2012 showing a net profit of SGD4.1 million (USD3.3 million), up fourfold from SGD1 million (USD816, 000) it achieved in t
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The Friday Flyer
November 9 - And so, it's time for another edition of HLPFI's Friday Flyer, giving you a round-up of news from the last week, together with a few comments and asides from the editorial team.
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DHL holds 'solid' in volatile environment
November 8 - Releasing financial figures for the third quarter of 2012 Frank Appel, ceo of logistics services giant Deutsche Post DHL, commented that despite challenging market conditions, the group delivered "a solid performance in the third quarter and
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Skeptical outlook from HSH Nordbank
November 8 - The continuing euro sovereign debt crisis and the general economic downturn in the maritime freight sector has prompted German bank HSH Nordbank to state that it needs much higher provisions for losses on its shipping loans.
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US ports brace for second storm
November 7 - Authorities working to restore port activity in New York and New Jersey after HurricaneSandy are bracing themselves for a further storm this week which could hamper restoration efforts.
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Heavy lift helicopters for the Amazon
November 7 - Portland, USA based Erickson Air-Crane, a leading operator and the manufacturer of the powerful Erickson S-64 Aircrane heavy lift helicopter, is set to acquire 14 helicopters and associated personnel and assets from HRT Participacoes em Petro
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IAG Cargo targets forwarders through GLN
November 5 - IAG Cargo, the single business created following the merger of British Airways World Cargo and Iberia Cargo, has signed a memorandum of understanding (MoU) with Global Logistics Network (GLN), a US headquartered network of 421 small and mediu