All Investments articles – Page 21
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Freja posts half-year growth
August 31 - Freja Transport & Logistics posted year-on-year growth of 1 percent in turnover at EUR166 million (USD184 million) for the first half of 2016, with a 20 percent increase in EBIT to EUR4.2 million (USD4.6 million).
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Rickmers cancels ship management merger
August 26 - Rickmers Holding and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities for the time being.
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Global fleet growth expected
August 25 - The heavy lift and multipurpose (HL/MPV) shipping sector is under extreme pressure. With desperately low commodity prices laying waste to new capital projects, and increasing competition from other shipping modes for cargoes, the HL/MPV sector
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NORD/LB deal reduces shipping exposure
August 24 - NORD/LB (Norddeutsche Landesbank) and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together with a sovereign wealth fund, will acquire a portfolio of performing and non-perf
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Stolberg trial nears completion?
August 24 - Some of the German media reported that yesterday was a reasonable day in court for Niels Stolberg, the ex-head of the now defunct Beluga Group, when the presiding judges in Bremen's regional court ruled that one of three indictments against hi
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Refurb for Tulsa heavy lift crane
August 23 - A total refurbishment and transplant of advanced materials handling technology into the 200-tonne capacity crane at the Tulsa Port of Catoosa will help this inland US port continue to serve its existing users cost-efficiently while introducing
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Multi Marine and Conti7 strengthen alliance
August 23 - Belgium's Conti7 shipping group and Italy's Multi Marine Services (MMS) have strengthened their short sea services partnership through a new joint operation, Conti Carwil Line, combining the respective services of Conti Med Line and Carwil Lin
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JAXPORT gets heavy lift of its own
August 22 - In the USA, JAXPORT's ongoing investment could be seen as three container cranes arrived at the port's Blount Island Marine Terminal aboard the ZPMC semi-submersible ship, Zhen Hua 14, which departed from Shanghai, China in early June. They wi
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Changes at the top for Fednav
August 22 - Effective September 10, Paul Pathy will assume responsibility as the sole chief executive officer of Fednav Limited and of Fednav International Ltd (FIL).
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Profits tumble at Boskalis
August 19 - Royal Boskalis Westminster (Boskalis) realised a net profit of EUR147.5 million in the first half of 2016, less than half of the EUR 306.5 million it achieved in the corresponding period of 2015, with the spot market in its Offshore Energy dep
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Pan Ocean back in the black
August 19 - South Korean shipping company, Pan Ocean has reversed the loss it recorded in the first half of 2015, turning in a profit for the same period of this year.
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UK set for largest offshore wind farm
August 17 - Companies active in providing logistics, transport and installation services for the renewable energy sector will be buoyed from the news that the UK Government has given planning consent to Dong Energy for the Hornsea Two offshore wind farm.
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Summer record for ACS
August 17 - July saw aircraft charter specialist, Air Charter Service, book 1,114 charter contracts, making it the company's best month on record.
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Crowley names strategy VP
August 16 - Crowley Maritime Corporation has promoted Eric Evans to vice president of strategy, a newly-created position that will focus on facilitating long-term growth through external business partnerships, including mergers and acquisitions.
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Maersk Group profit tumbles
August 12 - Maersk Group recorded a profit of USD118 million in the second quarter of 2016, down from USD1.1 billion in the same period of 2015.
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Combi Terminal opens at Jurong
August 8 - Singapore's Jurong Port has commenced operations at its Combi Terminal, which has been designed to cater for multipurpose vessels carrying a variety of general cargoes.
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Ups and downs for Agility
August 8 - Despite a drop in revenue, Agility posted a net profit of KWD15 million (USD49.7 million) in the second quarter of 2016 - an 11 percent increase compared with the same period of 2015.
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DHL forwarding division 'back on track'
August 4 - DHL has noted that the performance of its Industrial Projects division in the first half of 2016 was considerably weaker than the same period in 2015, due in part to the conclusion of projects started in previous years and low oil prices reduci
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Atlas posts profit drop
August 4 - Atlas Air Worldwide Holdings has recorded an income from continuing operations of USD20.9 million in the second quarter of 2016, compared with USD28.4 million for the three months ended June 30, 2015.
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RHA pursues truck cartel claim
August 2 - The UK's Road Haulage Association (RHA) has sought legal advice and intends to pursue the case for compensation from the truck manufacturers that were identified as being involved in a coordinated truck price fixing cartel.