All Business articles – Page 47
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NewsLucina heads for auction
Eggar Forrester is auctioning off the multipurpose vessel Lucina in Amsterdam on December 14, on behalf of mortgagees Caterpillar Financial Services.
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NewsUlber set to leave Panalpina
Peter Ulber will not stand for re-election as chairman of the board of Panalpina at the company’s next annual general meeting on May 9, 2019.
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Stolberg hires new representation
Reports in the German media indicate that Niels Stolberg, former chief executive of Beluga Shipping, has hired a new lawyer in an attempt to avoid his 42-month prison sentence.
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NewsMammoet adds Hamburg office
Mammoet Germany intends to open a branch office in Hamburg on December 13, 2018.
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NewsEverett adopts 2019 budget
The port of Everett has adopted its operating budget for 2019, earmarking USD58.7 million for new capital investment.
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NewsEntries open for 2019 ESTA awards
Entries are now being accepted for the European crane and heavy transport industry’s 2019 ESTA Awards.
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NewsSarens opens Russian depot
In order to support the regional oil and gas sector, Sarens has opened a crane depot in Tyumen, Russia.
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NewsTuunainen resigns as Nurminen CEO
Marko Tuunainen has resigned as ceo of Nurminen Logistics, effective November 15, 2018.
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Can the market sustain USD100 oil?
With oil prices hovering around USD80 per barrel, industry analyst McKinsey suggests that a combination of factors could tighten oil markets further and propel the commodity past USD100.
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NewsNYK confirms NCA fleet reduction
NYK Group, the parent company of Nippon Cargo Airlines (NCA), has confirmed that the airline will scale down the size of its freighter fleet to only one variation of Boeing 747.
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NewsSarens set for Mozambique branch
Heavy lift and engineered transport provider, Sarens, is set to open a branch and depot in Mozambique.
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BIMCO develops bunker clauses ahead of Sulphur 2020
The Baltic and International Maritime Council (BIMCO) has developed two bunker clauses to support the implementation of International Maritime Organization’s (IMO) sulphur 2020 regulations, which come into force on January 1, 2020.
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NewsFesco wins Rooppur nuclear contract
Atomstroyexport has contracted Fesco Transportation Group to deliver equipment for the construction of the Rooppur nuclear power plant in Bangladesh.
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NewsFirst Boskalis vessels to be scrapped
In its third quarter results, Royal Boskalis Westminster confirmed that the first of its 11 “heavily loss-making” heavy transport vessels will be scrapped in the fourth quarter.
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NewsPositive outlook for Entrec
In announcing its third quarter financial results, specialised transportation and crane services provider Entrec has outlined its strategy and outlook for 2019.
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NewsRhenus Project Logistics and Logistics Plus join forces
Logistics Plus and Rhenus Project Logistics are joining forces to transport equipment for the modernisation of two lignite-fired coal power plants in Turkey.
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NewsAAL opens in Genoa
AAL has opened an office in Genoa, Italy, strengthening the carrier’s European network.
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NewsTechnip picks Jumbo for Leviathan project
Technip has awarded Jumbo a contract for the transportation and installation of a 410-tonne subsea production manifold for the Leviathan development, located off the coast of Israel.
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NewsRitchie Bros to host transport-only Vegas auction
Ritchie Bros is holding its first transportation equipment-only auction in Las Vegas on December 6, 2018.
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NewsScrubbers come under fire
As shipowners decide on how to comply with Sulphur 2020 regulations, Euronav ceo, Paddy Rodgers, has spoken out against the use of exhaust gas cleaning systems or “scrubbers”.