Business news – Page 24
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NewsHeavy Lift Awards returns to London
The Heavy Lift Awards is returning for the fifth year to celebrate the achievements of the project cargo supply chain. This year, the awards event returns to London and will take place at the Royal Lancaster Hotel on October 25.
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NewsChapman Freeborn expands African operations
Air charter specialist Chapman Freeborn has tripled the size of its team in Africa and moved its regional operations to a larger office in Johannesburg, South Africa.
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NewsTrans-Trading rebrands as Aprojects
German freight forwarder Trans-Trading has changed its name to Aprojects, which acquired the company during 2021.
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NewsRoll Group opens across Africa
Roll Group is launching its operations in Africa with the appointment of Patrick van der Meide and Harmen Tiddens.
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NewsDzanic to leave Gothenburg Port Authority
Elvir Dzanic, ceo of Gothenburg Port Authority, will leave his post in August 2023 and will go on to become ceo of Sweden-based shipping company, Wallenius Sol.
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NewsCVC invests in Scan Global
CVC Capital Partners Fund VIII has agreed to acquire a majority shareholding of Denmark-headquartered Scan Global Logistics.
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NewsDSV posts strong results for 2022
In posting its results for 2022, Denmark’s DSV has reflected on another volatile year for the forwarding market. It predicted a continuing slowdown in volumes for the first half of 2023 and further consolidation in the coming years.
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NewsEFG Finland established
Germany’s EMS-Fehn-Group has established EFG Finland, which will specialise in project logistics and special transport operations using the group’s own equipment.
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NewsForestWave acquires Symphony Shipping
ForestWave has completed the acquisition of Symphony Shipping and its fleet of multipurpose Ecobox vessels.
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NewsMilaha partners with Hareket
Qatari transport and logistics specialist Milaha has signed a strategic alliance agreement with Turkish heavy lift and engineered transport specialist Hareket.
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NewsMaersk to retire Hamburg Süd and Sealand brands
Maersk will retire the brands Hamburg Süd and Sealand as well as more recently acquired brands that have joined the group.
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NewsSarens PSG lands Moray West contract
Sarens PSG has been selected by Ocean Winds to handle the marshalling work in Invergordon, Scotland, for the Moray West offshore wind farm.
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NewsBolloré relocates Shenzhen office
Freight forwarder Bolloré Logistics Shenzhen has moved its office to another location in the same Chinese city.
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NewsOatway departs Drewry
Susan Oatway has stepped down as Drewry’s principal breakbulk and multipurpose analyst.
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NewsAl Faris offers energy solutions in Saudi Arabia
UAE-headquartered crane rental and lifting specialist Al Faris Group has launched a range of energy solutions in Saudi Arabia.
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NewsSarens partners with Dajin Heavy Industry in China
Sarens Sinotrans has signed a strategic cooperation with China’s Dajin Heavy Industry with the aim of greater collaboration in the wind energy market.
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NewsHapag-Lloyd acquires 49 percent stake in Spinelli Group
Hapag-Lloyd has completed the acquisition of a 49 percent stake in the Italian terminal operator Spinelli Group.
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NewsErhardt establishes Saudi Arabian JV
Spain-headquartered Erhardt Projects and Earth Reservoir for Oil and Gas (EROG Holding) have formed a joint venture based in Saudi Arabia that will provide project logistics services in the country.
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NewsAllseas Global Project Logistics insolvent
UK-headquartered Allseas Global Project Logistics was declared insolvent at the end of 2022. Industry analyst Alphaliner reports that the division owes GBP34 million (USD41.3 million) to creditors, as well as GBP12 million (USD14.6 million) to other parts of the Allseas Group.
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NewsWorld Bank details economic headwinds
The markets generating heavy lift and project cargoes have proven resilient to economic and political shocks, but the global economy is certainly feeling the impacts. While not all economies will fall into recession this year, the World Bank expects headwinds to slow down almost all developed and emerging markets.