All Business articles
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NewsFred. Olsen Ocean divests stake in United Wind Logistics
Fred. Olsen Ocean has agreed to sell its 50 percent stake in United Wind Logistics (UWL) to United Heavy Lift (UHL).
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NewsDrydocks World and GE Vernova land Ostwind 4 grid connection contract
Drydocks World, in partnership with GE Vernova, will build and install Ostwind 4 – a 2 GW offshore wind grid connection in Germany.
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NewsTadano snaps up IHI’s crane business unit
Lifting equipment manufacturer Tadano has continued to diversify its portfolio with the acquisition of IHI Transport Machinery’s transportation systems unit.
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NewsDNV opens in Geneva
Classification society DNV has opened its first office in Geneva, Switzerland.
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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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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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NewsGAC Spain expands to Port of Huelva
Shipping and logistics service provider GAC Spain has opened a new office at the port of Huelva.
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NewsAertssen Group expands to USA
Belgium-based Aertssen Logistics will open a facility in Rincon, Georgia just 12 miles (19.3 km) from the port of Savannah.
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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.
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NewsHareket takes delivery of 2,200-tonne crawler crane
Turkish heavy transport engineering specialist Hareket took delivery of a 2,200-tonne lift capacity crawler crane in Dubai as the company looks to expand its footing in the mega project arena.
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NewsBIFA adds Solent group to Young Forwarder Network
The British International Freight Association (BIFA) has celebrated the recent launch of the Solent branch of its Young Forwarder Network (YFN) by visiting the Wallenius Wilhelmsen ro-ro terminal at the port of Southampton.
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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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NewsDLM names Collins as sales and marketing director
UK-based Dynamic Load Monitoring (DLM) has named Carly Collins as sales and marketing director.
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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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NewsBreadbox opens Cyprus office
Netherlands-headquartered Breadbox Shipping Lines is opening an office in Cyprus, which will manage the carrier’s commercial activities from the Mediterranean to West, South and East Africa.
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NewsLift Turn Move rebrands
GIS Lift Turn Move is the revised name of the Wirral, UK-based supplier of lifting and rigging equipment to the industrial and entertainment sectors.
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NewsVolumes down at Rotterdam but breakbulk stages slight recovery
Total throughput at the port of Rotterdam fell by 1.4 percent in the first quarter of 2024 compared to the same period of last year.