All Investments articles – Page 25
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GAC promotes two
April 25 - GAC has appointed Hakan Wester as its new group vice president - strategy and planning, and named Mikael Leijonberg as the group's new chief financial officer.
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Panalpina grows as oil business slows
April 21 - Panalpina posted an EBIT of CHF24 million (USD24.6 million) and a consolidated profit of CHF17.3 million (USD17.8 million) for the first quarter of 2016, despite the continued contraction of the global oil and gas business.
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First for Rapid Response
April 20 - UK based Rapid Response Solutions (RRS) has taken delivery of a 300-tonne capacity hydraulic skidding system, the only one of its kind in Europe, from Canadian manufacturer Hydra-Slide.
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Work starts on Khalifa pipes facility
April 19 - Al Gharbia Pipe Company (Al Gharbia) has started construction of a new pipe manufacturing facility at Khalifa Industrial Zone Abu Dhabi (Kizad).
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'Difficult times' for Grieg Star
April 19 - Grieg Star states that its open hatch shipping business delivered better results than expected in 2015, posting a loss of USD7 million.
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Great Yarmouth secures Siemens-Galloper deal
April 15 - Siemens has selected Peel Ports Great Yarmouth as the assembly and installation base for the offshore Galloper Wind Farm project.
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Another two years of misery, says Drewry
April 14 - Drewry predicts that the multipurpose shipping market is not expected to recover until the end of 2017, when it is anticipated that there will be more bulk demand for Handysize tonnage and therefore more breakbulk cargoes for multipurpose vesse
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Braid Logistics penalised for bribery
April 8 - Glasgow based logistics company, Braid Logistics, is to pay GBP2.2 million (USD3.09 million) after self-reporting over bribery and failure to prevent bribery, according to the Civil Recovery Unit of the Crown Office and Procurator Fiscal Service
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Atlas completes Southern swoop
April 8 - In a deal worth USD110 million, Atlas Air Worldwide Holdings has completed its acquisition of Southern Air Holdings.
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Delaney up at GAC
April 4 - Mark Delaney has been appointed managing director of GAC India, following the retirement of Paul Haegeman, who has held the position since 2004.
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HMM takes step in right direction
April 1 - According to reports in the international media, Hyundai Merchant Marine (HMM) is making progress with plans to rescue the South Korean shipping line from bankruptcy.
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Agility prepares for challenges
March 29 - Agility recorded a net profit of KWD53 million (USD175 million) in the 2015 financial year, a 5 percent increase compared with 2014.
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New low in shipping confidence
March 24 - Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from Moore Stephens.
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Year of growth for Cargolux
March 24 - Cargolux Group reported a net profit after tax of USD49 million for 2015, up from USD3 million in 2014, while increasing freight tonne kilometres flown by 8.7 percent.
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Hapag-Lloyd results on track
March 23 - Hapag-Lloyd achieved a net profit of EUR114 million (USD127 million) in the 2015 financial year, compared with EUR -604 million (USD -674 million) in 2014.
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Turkish delight for BussErk
March 22 - Buss Port Logistics' joint venture company with Erkport Lojistik, BussErk, has secured a two-year contract with Gübretas Terminal in southern Turkey, which covers the handling of bulk, general and project cargoes.
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Poland gets road network upgrade
March 21 - The European Commission has approved ten TEN-T major projects worth EUR3.3 billion (USD3.7 billion) for the construction of approximately 330 km of new roads in Poland.
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Shipping losses continue to decline
March 21 - According to Allianz Global Corporate & Specialty's (AGCS) Safety and Shipping Review 2016, shipping losses continued their long-term downward trend in 2015, with 85 total losses reported worldwide last year.
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Dutch ports appeal new tax rule
March 21 - The Port of Rotterdam Authority, Amsterdam Port Authority, Groningen Seaports, Moerdijk Port Authority, Port of Den Helder and Zeeland Seaports are appealing against the European Commission's decision, which states that Dutch seaports must pay
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Good year for Gebrüder Weiss
March 17 - Gebrüder Weiss recorded a provisional net turnover of EUR1.28 billion (USD1.44 billion) in 2015, a 3 percent increase compared with EUR1.24 billion (USD1.4 billion) in 2014.