All Investments articles – Page 19
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No change for Boskalis outlook
November 11 - Royal Boskalis Westminster (Boskalis) closed its third quarter of 2016 in line with expectations.
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Agility grows in 'challenging' market
November 10 - Agility has posted a net profit of KWD15.17 million (USD49.9 million) for the third quarter of 2016, representing an 11 percent increase compared to the third quarter of 2015.
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Investment floods into Antwerp
November 9 - Massive investments in the Port of Antwerp will be welcome news to providers of heavy lift capacity, specialised transport engineering and project forwarding services, with various heavy and oversize cargoes being required for parts of the co
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DPDHL hails successful Q3
November 9 - Deutsche Post DHL Group has reported a significantly increased profit for the third quarter, "despite a weak economic tailwind" according to ceo Frank Appel.
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Abis ships go under hammer
November 4 - Sources close to the situation have told HLPFI that ships within Abis Shipping's fleet of multipurpose vessels are going under the hammer, after the bank pulled its financial support for the ships.
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Singapore to invest in offshore future
November 2 - Singapore's minister of trade and industry, S. Iswaran, has stated that the government is studying the need for measures in the marine and offshore engineering sectors.
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DSV freight volumes grow
November 2 - DSV's Air & Sea division has posted a 51 percent year-on-year increase in sea freight volumes for the first nine months of 2016, along with an 84 percent increase in airfreight volumes, when compared with the same period last year.
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ABC heads to Heathrow
November 2 - London's Heathrow Airport has welcomed AirBridgeCargo Airlines (ABC) as its second dedicated cargo-only service.
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Ship operating costs set to rise further
November 1 - Vessel operating costs are expected to rise by 1.9 percent in 2016 and 2.5 percent in 2017, according to the latest survey by shipping consultant Moore Stephens.
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Japanese lines to merge box operations
October 31 - Three of Japan's largest shipping companies have announced that they plan to merge their container shipping and overseas terminal operations as the industry struggles with overcapacity and mounting losses.
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United Nations sets sulphur emission rules
The United Nations has established global regulations to limit the amount of sulphur emissions from vessels and said they would come into force from January 1, 2020.
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C.H. Robinson sees profits fall
October 27 - Earlier this week, large US logistics company CH Robinson said higher haulage costs and Hanjin'sbankruptcy were partly responsible for the fall in revenues and profits it recorded for third quarter.
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Basra Gateway expansion moves forward
October 27 - International Container Terminal Services (ICTSI) has officially opened the first phase of its greenfield terminal development at the Basra Gateway Terminal in Umm Qasr, Iraq.
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Agility invests in Africa
October 26 - Agility has opened a distribution park near Ghana's Tema Port - the first in a network of logistics facilities it intends to build across Africa.
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Panalpina posts 'stable' figures
October 25 - In the first nine months of 2016, Panalpina recorded a slight increase in EBIT and consolidated profit, when adjusted for a second-quarter restructuring provision of CHF26 million (USD26.1 million).
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Crowley progresses with Puerto Rico project
October 24 - Crowley Maritime Corporation said it is progressing with the construction of two con-ro ships, which will be powered by liquefied natural gas (LNG).
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Wind work starts at Great Yarmouth
October 21 - Construction works to enhance port infrastructure for several offshore wind projects have begun at Peel Ports Great Yarmouth in the UK.
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Flinter loses bank support
October 21 - Dutch multipurpose shipping company Flinter has confirmed that ING Bank will no longer provide financing for nine of its vessels, leaving the line with no other option than to file for suspension of payments.
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Shipping costs continue to decline
October 20 - Accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4 percent year-on-year in 2015.
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Moody's warns on German lenders
October 13 - In a report issued this week, Moody's Investors Service said that German ship lenders are facing increasing risks from the prolonged global shipping industry crisis, with their exposure to the industry remaining significantly higher than that