Latest business news – Page 111
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Mammoet strengthens Saudi presence
Mammoet has strengthened its presence in Saudi Arabia with the opening of an operational hub in the city of Al Jubail.
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CMA CGM founder passes away
Jacques R. Saadé, the founding president of CMA CGM Group, passed away on June 24 at the age of 81.
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End of the line for MPP shipping pools
Two multipurpose and heavy lift shipping pools – BHS Pool Weser-Ems and the MCT Pool – have been dissolved.
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HBB adds Vienna coverage
German shipbroker Hanseatic Break Bulk (HBB) has opened an office in Vienna, increasing the company’s footprint in the Austrian market.
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Panalpina secures solar contracts
Panalpina has been awarded several logistics contracts for solar power projects in Australia. by a leading electrical and communications engineering solutions consortium.
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HSH ready to invest
Germany’s HSH Nordbank, once the world’s largest ship financier, is reportedly setting its sights on a return to maritime investments after years of financial turmoil.
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Long Beach plans investment
The port of Long Beach has approved a USD982 million budget for its upcoming fiscal year, with 70 percent of spending focused on modernisation and other construction projects at the port.
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Barnhart lines up Strate acquisition
Barnhart Crane and Rigging is set to acquire Idaho-based crane service provider Strate Line Crane and Rigging.
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DFDS ups ro-ro orderbook
DFDS has ordered an additional ro-ro vessel from the Chinese Jingling Shipyard, with delivery scheduled for the first half of 2020.
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Air Partner opens in LA
UK-headquartered charter broker Air Partner has opened a new office in Los Angeles, USA, which will serve the southern Californian and broader West Coast markets.
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deugro opens Vietnam office
deugro has opened an office in Ho Chi Minh City, Vietnam, expanding its footprint in Southeast Asia.
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Thorco Projects names Marship in Portugal
Danish multipurpose shipping line Thorco Projects has appointed Marship as its booking representative in Portugal.
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AN-124 designer passes away
Victor Tolmachev, designer of the landmark AN-124 Ruslan heavy lift aircraft, has passed away.
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Montrose secures grant
Montrose Port Authority has received a GBP1.5 million (USD2 million) Ports Mode Shift Grant (PMSG) from the Scottish Government.
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Chipolbrok eyes newbuilding programme
The Chinese-Polish multipurpose carrier Chipolbrok is considering a newbuilding programme as it continues to transition its fleet from smaller to large multipurpose tweendeck vessels.
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GlobalTranz goes to Jordan
USA-based freight broker GlobalTranz Enterprises has been sold to private equity firm The Jordan Company.
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UHL adds to fleet and representation
United Heavy Lift (UHL) has added the newly-built deck carrier vessel Zhi Xian Zhi Xing to its roster of managed vessels.
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Freight lobby calls for end to carrier surcharges
The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, is repeating the calls it has made previously for an end to surcharges imposed by shipping lines.
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Facelift for Port Canaveral
Port Canaveral has renovated its North Cargo Piers 1 and 2 as part of an infrastructure improvement plan to maximise the usability of existing space at the port.