Business news – Page 8
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NewsMaersk Offshore Wind launched as supply service division sold
Denmark’s Maersk has established an offshore wind energy division on the heels of its proposed sale of Maersk Supply Service to compatriot DOF Group.
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NewsMilitzer & Münch forms Mongolian joint venture
Militzer & Münch has established an entity in Mongolia that will provide road transport, air and sea freight, and project logistics services.
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NewsFr. Meyer‘s Sohn takes majority stake in Breeze (Germany)
Hamburg-based logistics company Fr. Meyer‘s Sohn has acquired the majority of shares in the project logistics company Breeze (Germany).
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NewsMOL takes stake in Alistair Group
Japan’s Mitsui O.S.K. Lines (MOL) has agreed to purchase a 25 percent stake in Tanzania-based Alistair Group, a cross-border logistics company which operates in sub-Saharan Africa.
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NewsEMS-Fehn diversifies with alternative fuel transport arm
EMS-Fehn-Group has launched a new division, EFG EnerLog, which specialises in the trade and transportation of alternative fuels.
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NewsHCOB purchases NIBC’s shipping business
Hamburg Commercial Bank (HCOB) has agreed to purchase the shipping portfolio of Netherlands Intercontinental Bank (NIBC).
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NewsMomentum builds despite supply chain concerns
The Global Wind Energy Council (GWEC) has issued its 2024 Global Offshore Wind report. There is optimism about the sector, although there are concerns around supply chain resilience and the immediate prospects for floating projects.
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NewsMammoet awarded construction upgrade of Hawaii dry dock
Dragados/Hawaiian Dredging/Orion JV (DHO) has contracted Mammoet to support the construction of Dry Dock 5 in Pearl Harbor, Hawaii.
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NewsBroekman opens Istanbul facility
Netherlands-headquartered Broekman Logistics has opened a new branch in Istanbul, Türkiye.
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NewsTight capacity and record rates at Höegh Autoliners
Ro-ro shipping specialist Höegh Autoliners said that tight capacity is the key element holding back its activities. Rates remain at record-high levels while high and heavy/breakbulk cargo comprised 25 percent of shipments in May 2024.
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NewsHeavy Lift Awards 2024: entry deadline tonight
Today (June 7) is your last chance to enter this year’s Heavy Lift Awards – don’t miss the opportunity to showcase your achievements.
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NewsBarnhart Crane and Rigging acquires Canada’s NCSG
USA-based Barnhart Crane and Rigging has made its first international acquisition, having purchased NCSG of Acheson, Alberta, Canada.
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NewsAntwerpXL registration opens
Registration for this year’s AntwerpXL conference and exhibition is now open. The event takes place October 8-10, 2024.
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NewsSGL snaps up Foppiani as it embarks on Italian expansion
Scan Global Logistics’ (SGL) acquisition spree continues with the company taking ownership of Italian freight forwarder Foppiani Shipping & Logistics.
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NewsCanada’s Border Services Group votes in favour of potential strike action
Border agency employees in Canada voted in favour of industrial action, which could cause delays at land crossings, airports, and ports, affecting daily trade from the USA into Canada.
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NewsDB Schenker bidders narrowed to four
Deutsche Bahn has narrowed the number of potential buyers of its freight forwarding subsidiary DB Schenker down to four, which have been invited to make binding offers.
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NewsDREMAR established, secures RWE pipe contract
Drewes Logistics and Martrade Shipping have established DREMAR, which has secured a major contract for the Rhine water transport pipeline.
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Newsdeugro plans European wind energy expansion
deugro will expand its wind energy division in Europe, and further expansion at its green energy logistics hub in Germany planned.
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NewsBIFA’s Young Forwarder Network accredited for CPD
The most recent event in the British International Freight Association’s (BIFA) programme of activities for its Young Forwarder Network (YFN) was the first to be accredited for continuing professional development (CPD).