Latest business news – Page 100
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NewsMSC readies for additional costs from Sulphur 2020
MSC Mediterranean Shipping Company has estimated that the various changes it is making to comply with the International Maritime Organization’s (IMO) Sulphur 2020 regulations will cost the shipping line in excess of USD2 billion per year.
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NewsRotterdam makes space for breakbulk operations
Four companies have agreed to redevelop 12 ha of industrial estate and 1,155 m of quay in the port of Rotterdam’s Waalhaven area.
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NewsA.P. Moller - Maersk targets carbon neutrality
A.P. Moller - Maersk has set out its net-zero carbon dioxide emissions target as it aims to accelerate the transition to carbon-neutral shipping.
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NewsJOC launches new breakbulk conference
The Journal of Commerce (JOC) has established a new breakbulk and project cargo conference, which will be held for the first time in New Orleans, USA next year from April 29 - May 2.
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NewsCosts set to rise as Sulphur 2020 looms
With the 2020 deadline looming for the IMO’s sulphur cap, the industry is still uncertain about the best path to take for compliance. One thing seems to be assured, however, and that is price hikes for shippers and beneficial cargo owners.
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NewsUSA and China agree tariff delay
The USA has agreed to suspend the increase of tariffs on USD200 billion worth of Chinese goods, which was scheduled to enter force on January 1, 2019, as the two nations take a step towards the development of a longer-term trade accord.
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NewsBroekman acquires Benelux warehousing
Broekman Logistics has acquired VLS-Group’s warehousing activities in Belgium and the Netherlands.
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NewsVerdicts announced in fraud trial
On November 27, verdicts were announced at the UK's Southwark Crown Court regarding logistics activities relating to ConocoPhillips' Jasmine North Sea oil exploration project.
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NewsRhenus PartnerShip acquires inland waterway specialist
Inland waterway shipping specialist Rhenus PartnerShip acquired ČSPL from the ARGO Group earlier this month.
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NewsFranklin Offshore ties up with Lankhorst Ropes
Franklin Offshore International and Lankhorst Ropes (part of WireCo WorldGroup) will collaborate to develop the market for fibre rope slings for heavy lift offshore projects in Southeast Asia.
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NewsEC approves German bank sale
The European Commission (EC) has approved the privatisation of German state-owned HSH Nordbank to a consortium of private equity funds led by J.C. Flowers and Cerberus.
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NewsProtectionism tops shipping industry concerns
A study developed by the BPI Network, in partnership with Navis, has revealed that trade tensions, cyber security and uncertainty surrounding fuel costs are causing concern for leading executives in the global maritime industry.
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NewsCosco orders pulp carriers
Cosco Shipping Specialized Carriers has ordered five 62,000 dwt multipurpose vessels, plus four options, which will be built at Cosco Shipping Heavy Industry (Dalian) in China.
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NewsNew sulphur regulations for Hong Kong and Taiwan
Hong Kong and Taiwan will implement a local 0.5 percent sulphur cap from January 1, 2019, one year ahead of the International Maritime Organization’s (IMO) sulphur 2020 regulations, according to insurance provider Gard.
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NewsCrawler crane market set for growth
Shipments of crawler cranes are expected to grow at a compound annual growth rate of over 4 percent according to a new research report by Global Market Insights (GMI).
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NewsMore funds approved for Charleston deepening project
The US Army Corps of Engineers (USACE) has approved funds of USD41.4 million for South Carolina's Charleston Harbor deepening project.
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NewsODS plans Dundee opening
Following its establishment by a team of oil and gas professionals in 2017, Offshore Decommissioning Services (ODS) is set to open its UK headquarters in Dundee in early 2019.
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NewsOrion launched in China
DEME’s offshore installation vessel, Orion, has been launched at the Cosco Qidong shipyard in China.
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NewsALE partners with Dundee and OM Heavy Lift
ALE has entered an agreement with the port of Dundee and OM Heavy Lift, a subsidiary of OilMac, to provide port services for the renewable energy sector.
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NewsFednav inks additional Optimarin order
Optimarin has signed a contract to supply Canada-based shipping line Fednav with seven of its US Coast Guard (USCG) approved ballast water treatment systems.