Business news – Page 204
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China Navigation orders four handysize bulk carriers
March 20 - The China Navigation Company Pte Ltd (CNCo), the deep seashipping arm of the Swire group, has placed a order for four B.Delta37 handysize bulk carrier ships of 39,500 dwt each at Chengxi Shipyard Co. Ltd, Jiangyin, China, to be delivered betwee
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ICS says shipping needs global legislation not unilateral measures
March 19 - Balancing environmental aspirations with economic realities, but also with political realities is not easy, International Chamber of Shipping chairman Spyros M Polemis is set to tell delegates at the influential CMA Conference in Connecticut th
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Volga-Dnepr set to boost presence in Germany
March 19 - Volga-Dnepr's planned acquisition of Air Cargo Germany is now waiting for anti-trust clearance from the authorities says the airline.
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21.5 percent contract growth for Ruslan International
March 16 - Ruslan International - the company which markets and manages the combined Antonov An-124 fleets of its shareholders Volga Dnepr and Antonov Airlines - has reported its provisional performance for 2011.
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US President gets close up of Sarens crane at work
March 15 - The SGC-120, a giant crane built by Belgium-based Sarens Group, is currently executing its first job in Phoenix, USA, executing heavy lifting jobs for the construction of an enormous production hall for the steel industry.
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Infratil puts two airports up for sale
March 15 - Manston and Prestwick airports in the UK are to be sold by New Zealand-based owner Infratil.
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ITIC says professional indemnity cover essential in shipping industry
March 15 - International Transport Intermediaries Club (ITIC) has warned that in today's increasingly litigious business environment, there is a growing need for shipping professionals to have third-party indemnity insurance cover.
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Terex quartet lift drilling support module
March 15 - Four Terex CC 2800-1 units owned by Turkish crane service provider Hareket were used to lift a drilling support module (DSM) for the West Chirag oil platform (WC-PDQ), which is part of the Chirag Oil Project being carried out in Baku, Azerbaija
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Steel business boosts ports
March 14 - Ratner Steel Supply Co, a producer of steel products, recently announced plans to locate a new facility at the Port of Indiana, USA.
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Inchcape Shipping has ambitious plans for Canada
March 14 - Inchcape Shipping Services yesterday announced an ambitious three year plan to expand its logistics and supply chain business within the Canadian marketplace whilst ramping up its east and west coast marine service business.
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TT Club analysis pinpoints risk hot spots
March 14 - Speaking at the freight industry forum, TOC Container Supply Chain Asia in Hong Kong, TT Club's director of global risk assessment, Laurence Jones highlighted the key factors that cause disruption throughout the global supply chain and spoke of
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SUMO-Shipping sets sail
March 13 - The heavy lift shipping industry is set to welcome a new kid on what most would describe as a pretty overcrowded block.
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Deutsche Post - DHL says it is on target
March 12 - In its financial results announced last week, Deutsche Post - DHL (DP-DHL) reported an "on target" performance for its full year and last quarter 2011.
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Art for art's sake
March 8 - An artwork, Max Bill's 66 tonne sculpture 'Continuity', has been lifted into place by a Terex mobile crane - but not an ordinary crane. It was the 200th unit of the AC 500-2 delivered from the Terex Cranes facility in Zweibr
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Panalpina reports a successful 2011
March 7 - The Panalpina Group, which handles project cargo through its Panprojects division, can look back on a successful 2011 after further expanding its profit margins and achieving a consolidated profit of USD 138.3 million.
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Fairstar Heavy Transport returns to profit in Q4
March 2 - Fairstar Heavy Transport has recorded an operating profit in its Q4 2011 results of USD884,000 on revenues of USD9.5 million.
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Tokyo MOU highlight perils of poor maintenance warns Cargo Care
March 2 - A recent state inspection campaign that raises concerns over multiple problems with hatch openings should be welcomed by the industry, is the message from Peter Peltenburg, group director of Cargo Care Solutions.
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Wilhelmsen Ships Service extends capabilities in South America
March 2 - Wilhelmsen Ships Service (WSS) is keen to extend its reach in South America amid predictions that industry growth will focus on the offshore sector.
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Gulf Stream Marine recapitalised
March 2 - The CapStreet Group, LLC and Crutchfield Capital Corporation has reported the majority recapitalisation of Gulf Stream Marine, Inc by CapStreet Group. Crutchfield served as the exclusive financial advisor to Gulf Stream Marine throughout the tra
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Jade Cargo in deal with UniTop
March 1 - Jade Cargo, which grounded its fleet in January, came closer to flying once more after its owners agreed to work with UnitTop Group, a Chinese transportation company, to restructure the troubled carrier.