Latest business news – Page 108
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NewsEU invests in Danube
The European Union (EU) plans to invest EUR59 million (USD67.4 million) in modernising the locks on the Danube-Black Sea and Midia Navodari–Porte canals in Romania.
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NewsUniversal acquires Southern Counties
Universal Logistics Holdings, a provider of customised transportation and logistics solutions, has acquired Southern Counties Express.
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NewsZeaborn combines ship management activities
Bremen-based Zeaborn Group has combined the ship management activities of Rickmers Shipmanagement and E.R. Schiffahrt.
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NewsCNCo opens Vancouver branch
China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.
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NewsTrade tariffs take hold…
In its second-quarter analyst call, Caterpillar confirmed that the USA’s decision to impose import tariffs on steel and other metals will have a real effect on its businesses and customers in the second half of 2018.
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NewsPOSH benefits from improved market
Offshore marine services provider PACC Offshore Services Holdings (POSH) has recorded a 95 percent revenue increase year-on-year for the three months to the end of June 30, 2018.
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NewsRhenus buys C. Spaarmann Logistics
Rhenus Group has agreed to purchase all the shares in German freight forwarder C. Spaarmann Logistics.
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NewsSubsea 7 reorganises offshore energy services
Subsea 7 has expanded its Renewables & Heavy Lifting (RHL) business unit to improve services to its clients in the offshore energy sector.
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NewsAntwerp XL reveals initial exhibitor list
Launched just eight weeks ago, the latest exhibition for the breakbulk sector, Antwerp XL, has already signed up some blue-chip names from the heavy lift and project forwarding sector as exhibitors.
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NewsCosco completes OOCL takeover
Cosco Shipping has completed the acquisition of Orient Overseas International Ltd (OOIL) and its subsidiary Orient Overseas Container Line (OOCL).
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NewsBarnhart on the acquisition trail
Barnhart Crane and Rigging is set to acquire the crane and rigging operations, including all associated personnel and equipment, of Ohio-based Selinsky Force.
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NewsGhent developing all-weather terminal
ArcelorMittal Ghent, investment company Participatiemaatschappij Vlaanderen (PMV), Euroports and North Sea Port are collaborating on the construction of an all-weather terminal (AWT) in the Ghent port area.
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NewsBilbao opens Toro terminal
Toro & Betolaza Group has opened its terminal on dock A3 at the port of Bilbao, Spain.
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NewsScan Global snaps up Macca Logistics
Denmark-based Scan Global Logistics (SGL) has acquired 55 percent of Mali-based Macca Logistics, including its operations in Dakar, Senegal and Abidjan, Ivory Coast.
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NewsK+N secures Petronas contract
Kuehne + Nagel (K+N) has been awarded a three-year logistics and supply chain contract with Malaysia’s Petroliam Nasional Berhad (Petronas).
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NewsFracht partners with CargoX
Switzerland’s Fracht Group has signed a partnership agreement with CargoX, the producer of the blockchain-based Smart Bill of Lading (B/L) solution.
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NewsMaxim expands footprint with Tri-State
USA-based crane rental and lifting services provider Maxim Crane Works has acquired the assets of Cincinnati-based Tri-State Crane.
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NewsMultipurpose time charter rates fall
Time charter rates in the multipurpose shipping sector have fallen over the last month, according to the latest data from shipbroker Toepfer Transport.
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NewsEl Coquí set to enter service
Crowley Maritime has taken delivery of El Coquí, which it says is one of the world’s first con-ro vessels powered by LNG, from shipbuilder VT Halter Marine.
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NewsCorpus Christi welcomes wind shipments
Port of Corpus Christi’s recently developed breakbulk cargo laydown yard, the Rincon West Yard, has received its first shipment of wind turbine components.