Business news – Page 223
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Dockwise to raise finance for huge vessel
September 21 - The increasing demand for means of transportation for extremely large and heavy production platforms has prompted Dockwise Ltd to investigate the options of building a new semi-submersible vessel, larger than its Blue Marlin (73,000 tonnes)
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AirBridgeCargo tie-up with Zhengzhou airport brings fourth China destination
September 21 - AirBridgeCargo Airlines (ABC) is extending its all-cargo services from China with a new twice-weekly B747-400 freighter flight from Zhengzhou to Europe - the first fruits of a strategic cooperation between ABC and Zhengzhou International Ai
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Cuxhaven ideally suited for green generation traffic
September 17 - The use of waterborne transport is the ideal method of moving the elements involved in the infrastructure developments for alternative energy production, believe managers at port handling company Cuxport, which is active at the port of Cuxh
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Beluga-Intermarine: rumours fly following report of takeover
September 17 - Tongues are wagging in the heavy lift shipping sector, following reports in the German national media that Beluga is set to make a spectacular, million-dollar bid for US rival, Intermarine.
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Acquisition and partnership in Puerto Rico for Crowley and Islandwide
September 9 - Project and heavy lift cargo operations are likely to be part of the value-added services provided to customers in Puerto Rico, following Crowley Maritime Corporation's logistics group acquisition of Islandwide Air and Ocean and agreement wi
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Mammoet Maritime acquires multi-purpose pontoon
September 8 - Netherlands-based heavy lift operator Mammoet Maritime has expanded its fleet with the acquisition of a seagoing Schelde multi-purpose pontoon.
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Training proves 'sound investment' in project cargo business
September 7 - A two-day short course during Breakbulk Americas in Houston next month offers the opportunity to invest in the professional development of key employees working in the project cargo industry.
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WWL supports Port of Zeebrugge at 2010 World Expo
September 2 - Wallenius Wilhelmsen Logistics (WWL) is to support the Port of Zeebrugge at its open day in the Belgium-EU Pavilion at the 2010 World Expo in Shanghai later this month.
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GAC boosts presence in the Baltic region with strategic acquisition
September 2 - The GAC Group has strengthened its Baltic Sea region coverage with the acquisition of leading Finnish ship agent John Nurminen Navis (JNN). The company has been rebranded as GAC-Nurminen Navis.
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Volga-Dnepr An-124 takes German aid to Pakistan flood victims
September 2 - A generous gesture by the German Ministry of Defence in sending 94 tonnes of urgently needed relief supplies to Islamabad to help victims of the devastating floods in Pakistan has been made possible by a Volga-Dnepr Airlines' An-124-100 frei
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GAC acquires Finnish ship agency
September 1 - The GAC Group says it has strengthened its presence in the Baltic Sea region with the acquisition of Finnish ship agent, John Nurminen Navis Oy.
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Heavy lift in double-digit growth at GPA's Port of Brunswick
August 26 - While container traffic at the Georgia Ports Authority's (GPA) Port of Savannah exceeded a quarter million teu in July 2010, marking the best month ever in GPA's history and continuing eight consecutive months of double-digit growth, heavy lif
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Heavy lift's lion share of TWC's revenue
August 25 - Singapore-based Tiong Woon Corporation Holding (TWC) has reported that heavy lift and haulage contributed the largest share to total revenue over the last year.
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TII Group to meet customers at SMM in Hamburg
August 23 - Next month, an expert team from materials handling and transport equipment manufacturer Scheuerle and sister companies Nicolas and Kamag, will attend the SMM (Shipbuilding, Machinery and Marine Technology) 2010 trade fair in Hamburg from Septe
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Boskalis posts strong result amid challenging market conditions
August 19 - Royal Boskalis Westminster NV realised a net profit of EUR123.9 million (USD159.3) in the first half of 2010, up from EUR102.7 million (USD132.1) in the first half of 2009.
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Improvement for AP MOLLER-Maersk
August 19 - AP MOLLER-Maersk has reported a more than satisfactory turnaround for the first half of 2010, after losses in 2009.
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Air Charter Service anticipates another strong peak season
August 18 - Air Charter Service's Hong Kong office anticipates another strong peak season for shipments out of Asia, with signs that it could be better than the final quarter of last year, itself the office's busiest period in its history.
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Toll re-brands in China
August 16 - The Australian-based Toll Group has launched a fully-owned and operated contract logistics operation in China after its integration into the Toll Global Logistics division.
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Dockwise results show 'steady progress', despite difficult conditions
August 13 - Dockwise Ltd has published unaudited results for the second quarter of 2010, revealing revenues of USD112 million and a net profit of USD4.9 million.
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ASCO takeover targets Norway energy sector
August 10 - The ASCO Group has acquired a Norwegian freight forwarder in a bid to target the local energy sector.