Business news – Page 6
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NewsBreadbox to renew vessel fleet
The Netherlands-headquartered Breadbox Shipping Lines is renewing its fleet and has placed orders for newbuild tonnage.
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NewsMOL invests in e-fuels firm HIF Global
Japan’s Mitsui O.S.K. Lines, through its subsidiary MOL Clean Energy, has invested in Houston-based e-fuel developer HIF Global.
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NewsTII KAMAG partners with Movincar for operations in Italy
German manufacturing firm TII KAMAG named Movincar Group as its sales, rental and service partner for all KAMAG yard logistics vehicles in Italy.
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NewsSpliethoff takes majority share in Forestwave
Spliethoff Group has acquired a majority stake in shortsea operator Forestwave.
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NewsHarren Group, Kestrel Italia and Intermare join forces in Italy
Harren Group, Kestrel Italia and Intermare have founded KestrelMare in Genoa, Italy. The companies said that deal will strengthen their shared operations in the country while expanding their project cargo and heavy lift activities.
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NewsBroshuis CEO to hand over the reins in 2025
Pieter-Bas Broshuis will step down as ceo of Broshuis International next year.
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NewsDSV to acquire DB Schenker
DSV has been successful in its bid for German freight forwarder DB Schenker
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NewsInchcape opens office in Chile
Port agency and maritime services company Inchcape Shipping Services has opened a new office in the port of Arica, Chile.
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NewsISLA acquires Sicilian port terminal operator EST
Palermo-headquartered Italian Shipping & Logistics Agency (ISLA) has acquired all shares in Esterminal Europea Servizi Terminalistici (EST).
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NewsVan Leth joins TGP covering Benelux region
Trans Global Projects (TGP) has appointed Edwin van Leth as head of operations in the Benelux region.
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NewsScan Global Logistics acquires Blu Logistics Brasil
Scan Global Logistics (SGL) has acquired Blu Logistics Brasil in a bid to continue growing its footprint in Latin America.
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NewsMammoet and Samyang Marine Group sign strategic partnership
Mammoet and Samyang Marine Group have entered into a new partnership in a strategic move to support South Korea’s growing offshore wind industry.
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NewsHeavy lift and haulage boosts Tiong Woon
Singapore-headquartered Tiong Woon attributed the strength of its heavy lift and haulage segment for its revenue growth during its financial year 2024.
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NewsCadeler profits fall but orderbook soars
Offshore installation contractor Cadeler reported a EUR153,000 (USD169,720 ) profit in the first half of 2024, down from EUR30 million (USD33.3 million) in the same period of 2024.
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NewsMilitzer & Münch opens country unit in Mumbai
Logistics firm Militzer & Münch has opened an office in Mumbai, India.
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NewsBlue Water Shipping opens Warsaw office
Blue Water Shipping has opened an office in Warsaw, Poland.
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NewsBinding bids placed for DB Schenker
DSV and a private equity consortium led by CVC have reportedly put in binding bids of around EUR14 billion (USD15.6 billion) for DB Schenker.
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NewsSumitomo acquires stake in EEW Offshore Wind
Tokyo-based Sumitomo has acquired an equity stake in monopile manufacturer EEW Offshore Wind.
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NewsBoskalis reports record half-year performance
Boskalis has seen its net profit rise 65 percent year-on-year to EUR 298 million (USD 327 million) in the first half of 2024.
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NewsStrong Q2 for Höegh Autoliners
Höegh Autoliners reported record-breaking financial performance in the second quarter of 2024, achieving a gross revenue of USD341 million a net profit after tax of USD174 million.