Business news – Page 238
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Mediterranean Project Chartering on the move
March 27 - Mediterranean Project Chartering (MPC), the wholly-owned subsidiary of BBC Chartering & Logistic, is moving head office in Genoa.
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Singapore Harbour shows sign of the times as capacity laid up
March 26 - A colleague was taken aback when he saw the images of the ships laid up at Singapore Harbour because falling demand has made them unprofitable to operate.
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Agility revenues up
March 25 - Agility has reported profits of US$526 million in 2008, compared to US$531 million in 2007, while revenue rose 16 percent to US$6.8 billion.
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Global and African freight forwarding networks form alliance
March 19 - Project cargo network, Project Professionals Group (PPG) and Lagos-based African freight forwarding group African Cargo and Logistics Alliance (ACLA) have announced an informal strategic alliance.
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Cartagena refinery expansion on hold after finance failure
March 16 - Glencore International has failed to provide promised funding for the USD2.8 billion expansion of Colombia's second largest refinery in Cartagena.
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Younger Niche assists in Angolan investment
March 16 - A liquid gas plant in Soyo, Angola has been regularly receiving shipments of structural steel and cement from Younger Niche's project forwarding division.
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Port Services Group delivers multi-million pound crane delivery
March 16 - A massive GBP4.5 million (USD6.2 million) investment by Port Services Group has brought the largest mobile crane ever to be based in Scotland to the group's Aberdeen operations.
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Kuehne + Nagel strengthens capabilities in oil and gas logistics
March 09 - Subject to the approval of relevant authorities, Kuehne + Nagel has agreed to take over J. Martens Holding AS, headquartered in Bergen, Norway, a leading service provider in the oil and gas industry.
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Heavy lift and transport helps Smit exceed 2007's record results
March 06 - Rotterdam-based Smit Internationale has enjoyed bullish results in 2008, thanks in part to heavy lift and transport activities, achieving the marked increase in net results for the second half of 2008 that was predicted in August last year.
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Russian project forwarder announces merger
March 06 - Project freight forwarder STS Logistics says it intends to merge with RLS to create one of the largest independent logistics providers in Russia.
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Exports to fall in 2009, warns WTO director general
March 06 - The WTO did not succeed in reaching a final agreement on modalities for agriculture and industry - two key pillars of the Doha Round - at the end of last year, WTO director general Pascal Lamy told a press conference in Canberra.
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Hamilton steels itself
March 04 - In light of yesterday's news that U.S. Steel Corp., the largest U.S.- based steelmaker by sales, is idling most of its operations in Canada and laying off 1,500 workers because of falling demand, Hamilton Port Authority is committing to redoubl
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High and heavy plays its part at WCA Family conference
March 03 - The WCA Family, which includes a heavy lift and project cargo division - WCA Projects Network (WCAPN) had a busy week-long conference in Bangkok, Thailand.
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Dockwise delivers strong financial performance
February -27- Dockwise has revealed Q4 2008 revenues up 61% to USD 135 million (Q4 2007: USD 84 million) and adjusted revenues up 50% to USD 495 million (FY 2007: USD 330 million) for the full year 2008.
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MacGREGOR's offshore deliveries aided by floating testbed
February -26-MacGREGOR's Offshore division is expanding its equipment testing capabilities in Kristiansand, Norway to handle business growth and a large number of active heave-compensated (AHC) offshore cranes and other subsea load-handling equipment.
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Praise for First Global Aviation Safety Conference for Humanitarian Air
February -26- Delegates to the first Global Aviation Safety Conference for Humanitarian Air Operations, held in Abu Dhabi have given a unanimous endorsement to the event.
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3i invests USD161 million in Indian privatised port
February -25-The Indian arm of a major global private equity operation has made a significant investment in one of India's first private sector ports.
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Big turnout for first Asian Breakbulk conference
February -24- Some 1,500 attendees saw the opening of the first Breakbulk Asia Conference and Exhibition held in Singapore.
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Prizes to raise spirits in economic gloom thanks to AirBridgeCargo
February -19- Freight forwarders sending cargo to Russia onboard AirBridgeCargo Airlines' (ABC) flights can win camcorders, cameras and other prizes in the carrier's special 'Spring is in the air' promotion.
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Record year for Wilh Wilhelmsen as high and heavy comes to its rescue
February -12-The Wilh Wilhelmsen (WW) maritime group achieved an operating income of USD3.4 billion in 2008, up by more than 25ompared with 2007's USD2.7 billion.