Business news – Page 85
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NewsMozambique green-lights first LNG project
After years of delays and setbacks, US oil and natural gas exploration and production company, Anadarko, has been given the go-ahead to develop Mozambique’s first onshore LNG facility.
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NewsDSV extends offer period for Panalpina
DSV has extended its main offer period for the CHF4.6 billion (USD4.6 billion) acquisition of Panalpina by 15 days.
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NewsCosco places semi-sub order
Cosco Shipping Specialized Carriers has placed an order with Guangzhou Shipyard International for the construction of a semi-submersible vessel.
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NewsFormer Hansa duo to lead LOC Hamburg
Marine and engineering consultancy LOC has opened an office in Hamburg as it aims to develop its renewables and shipping services in Europe.
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NewsConcrete poured at Tilbury terminal
The first concrete has been poured at the site of Tilbury 2’s ro-ro terminal in the UK.
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NewsACS expands Australian presence
Having opened its doors in Australia three years ago, Air Charter Service (ACS) has expanded its operation in Sydney as the company prepares for future growth.
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NewsContainer shipping swaps consolidation for logistics
Global container shipping lines are increasingly moving into the logistics business as they turn their back on large-scale consolidation activity, according to analyst Fitch Ratings.
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NewsSAL appoints Brazilian agents
SAL Heavy Lift has appointed BrazGlobal Projects Shipping & Logistics and Over Projects as commercial agents in Brazil.
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NewsQatar Airways boosts B777 capacity
Qatar Airways Cargo has placed an order for five Boeing 777 freighters, enabling it to establish additional trade routes and increase capacity on key trade lanes.
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NewsAqualis completes Braemar acquisition
Aqualis has completed the acquisition of the offshore, adjusting and marine business lines of Braemar Shipping Services.
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NewsPositive project logistics prospects for decommissioning
A growing need to decommission older non-renewable power plants, particularly nuclear, is set to create increasing business opportunities for heavy lift service providers over the next few years, writes Phil Hastings.
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NewsMammoet in Core partnership
Mammoet USA has partnered with Core Industries, the owner and operator of Theodore Industrial Port near Mobile, Alabama.
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NewsVerton develops wind turbine installation concept
Under-the-jib equipment developer Verton Australia is developing a remote rotating device that can be used as an alternative lifting method for the installation of wind turbine blades.
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NewsShipping confidence impacted by trade wars
Ongoing concerns over trade wars and increased regulations are having an adverse effect on confidence in the shipping industry, according to the latest survey from BDO (formerly Moore Stephens).
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NewsZeamarine christens eighth newbuild of 2019
Zeamarine has christened its latest newbuild Zea Fortune. This is the eighth ship in a nine-vessel order that was placed by Intermarine.
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NewsDS Multibulk scales back multipurpose interest
Germany-based DS Multibulk has sidelined plans to invest in the multipurpose shipping sector and has already begun limiting its exposure to the business.
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NewsVolga-Dnepr to expand at Leipzig
Volga-Dnepr Group and Mitteldeutsche Flughafen (MFAG) have signed a memorandum of understanding (MoU) to expand their partnership at Leipzig/Halle Airport in Germany.
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NewsJan De Nul lands Formosa 2 contract
Jan De Nul Group has been awarded an engineering, procurement, construction and installation (EPCI) contract for Taiwan’s Formosa 2 offshore wind farm.
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NewsAvia Solutions buys Chapman Freeborn Group
Avia Solutions Group has agreed to acquire 100 percent of the shareholding in UK-headquartered Chapman Freeborn Group.
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NewsAllcargo exits ship-ownership
Mumbai-headquartered Allcargo Logistics has exited the shipowning and coastal shipping business by selling its last vessel.