Business news – Page 236
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Rickmers anniversary marked in Hamburg
June 12 - A landmark anniversary for the Rickmers group of companies, including heavy lift liner shipping company Rickmers-Linie, is being marked by a family celebration and an international business symposium.
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SC&RA and NBIS strengthen property and casualty insurance cover
June 12 - The Specialized Carriers & Rigging Association (SC&RA) has worked with partner NationsBuilders Insurance Services (NBIS), an insurance underwriter for the heavy construction equipment and related transport industries, to form an alliance with To
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Collett invests in heavy lift equipment
June 11 - Collett Transport says that it continues to experience a significant demand for its specialist services, with the recession appearing to have little impact on a number of market sectors.
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Huge tanks demonstrate Colletts abilities
June 5 - R. Collett & Sons (Transport), one of the UK's leading heavy lift transport companies, says that despite the downturn in the market for heavy and over-dimensional cargoes, it is busier than ever.
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Mitsubishi Heavy targets higher sales
June 4 - According to a report on www.tradingmarkets.com Mitsubishi Heavy Industries Ltd is aiming to boost sales in the energy and environment fields to Yen3 trillion (USD31.19 billion) as early as fiscal 2012, up from the 2 trillion yen targeted for fis
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Trafinsa becomes Agility in Mexico
June 3 - Agility Logistics has acquired its longstanding partner in Mexico, Trafinsa, plus the company's US affiliate, Trafinsa International, to strengthen its presence in the country.
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Rate pressures facing conventional sector being seen by heavy lift operators
May 29 - Speaking at this week's Breakbulk Europe conference in Antwerp, Arie Peterse, managing director of BigLift Shipping suggested that shipping lines that focus on heavy lift and over-dimensional cargoes, blessed with many years of capacity shortages
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Upbeat assessment of industry fundamentals
May 28 - Presenting on the opening day of the Breakbulk Europe conference in Antwerp, keynote speaker Dirk Visser, senior shipping consultant with Dynamar BV forecast that operators of multi-purpose and heavy lift vessels would weather the current economi
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Bollore Logistics sets sail
May 27 - French Industrial and transport organisation, the Bollore Group has created the Bollore Logistics brand to assist the group's commercial brands in their development.
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Wind of change blows through Lowestoft's port
May 21 - According to Associated British Ports, the Port of Lowestoft will become the operations centre for the Greater Gabbard Offshore Windfarm which, when completed, will be the world's largest offshore windfarm.
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ASCO Enters Asia Pacific Market
May 20 - ASCO, the Aberdeen based oil and gas logistics specialist, has entered the Asia Pacific market with the opening of ASCO Freight Management in Singapore.
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Dutch dredging company still interested in parts of SMIT
May 18 - In its latest trading update, Dutch dredging company Boskalis has made it clear that it is still interested in acquiring parts of SMIT International.
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Go-ahead for the London Array
May 18 - In the UK, Gordon Brown's government has welcomed the fact that investors have given the go-ahead for the world's largest offshore wind farm to be constructed in the Thames Estuary. The 1GW London Array wind farm will generate sufficient electric
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SMIT achieves net profit of EUR 28 million in first quarter
May 14 - Net profit for SMIT in the first quarter of 2009 amounted to EUR 28 million, including a net contribution of EUR 10 million from the financial settlement of the 'Thunderhorse' project, without which, net profit from normal operating activities sh
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Dockwise profits up
May 14 - Dockwise has posted revenue of USD33 million for the first quarter of 2009, a 120% rise from USD15 million in the quarter last year, on the back of increased rig shipments.
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Braemar Shipping Services: Best year ever
May 13 - In reporting its best ever annual results ending February 28th, Braemar Shipping Services identified its Cory Brothers, Fred Olsen and Freight Action business units for particular praise.
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Northern Stevedoring Services makes strategic acquisition down under
May 8 - Queensland stevedoring company Northern Stevedoring Services (NSS) has acquired equipment hire company S. Colborne Equipment Hire. NSS has sourced equipment from S. Colborne for over a decade.
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TBS International swings to Q1 loss
May 8 - In its first quarter results, TBS International swung to loss, hurt by a drop in freight rates, sending its shares down as much as 18 percent.
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"K" Line 2008 results helped by positive heavy lift activities
May 7 - The heavy lift shipping business, including the transport of petrochemical plant and infrastructure-related heavy lifts, was one positive note to come out of "K" Line's 2008 results.
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Heavy lift helps Agility to weather economic downturn
May 5 - Kuwait-based forwarder Agility enjoyed strong financial results in Q1 2009 despite the global financial slowdown, says Tarek Sultan, Agility chairman and managing director. Net profit before non-recurring items was KD 39.2m / USD 134.7m, a gain of