Latest business news – Page 114
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NewsMammoet moves in Malaysia
Mammoet has moved its Malaysian operations base to Tanjung Langsat in Johar Bahru.
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NewsIntermarine names VSH in Guyana
Intermarine has appointed VSH-United as its commercial representative in Guyana.
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NewsVolga-Dnepr confirms SALIS exit
Russia-headquartered airline Volga-Dnepr confirmed that it would cease to provide heavy lift airfreight services under the Strategic Airlift Interim Solution (SALIS) programme.
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NewsHMC to focus on heavy lift
Heerema Marine Contractors (HMC) will discontinue its offshore pipe laying activities and will focus entirely on its heavy lift, decommissioning and renewable energy activities.
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NewsBoskalis renames Dockwise Vanguard
Royal Boskalis Westminster has renamed its semi-submersible heavy lift vessel, Dockwise Vanguard, as the company begins the process of rebranding of all of its business units under the Boskalis name.
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NewsAmbercor Shipping expands
The recently established Ambercor Shipping has established a US-based subsidiary, Ambercor Shipping USA, based in New York.
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NewsCargolux soars to record year
Luxembourg-based Cargolux has reported that 2017 was the best year in its history, with a net profit after taxes reaching USD122.3 million, compared to USD5.5 million in 2016.
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NewsGeodis opens in Uganda
Geodis has opened an office in Kampala, Uganda that will initially cater to the surge in industrial projects currently taking place in the East Africa region.
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NewsGAC expands at Port Elizabeth
GAC South Africa has opened its fifth branch in the country to provide shipping services at Port Elizabeth and its neighbouring port Ngqura, in the Coega Industrial Development Zone.
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NewsHunt & Palmer soars with acquisition
Hunt & Palmer (H&P) has acquired all of the shares in UK-based Aircraft Chartering Services, upon the retirement of its founder Mark Hugo.
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NewsWatco takes control of Industrial Terminals
Watco Companies has acquired the leasehold ownership of Industrial Terminals from Industrial Maritime Carriers (IMC) and Intermarine.
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NewsMultipurpose rates continue to increase
The multipurpose shipping sector has seen a further rise in time charter rates over the last month, according to the latest data from shipbroker Toepfer Transport.
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NewsCMA CGM takes stake as CEVA logistics plans to float
CMA CGM is to acquire a 25 percent stake in CEVA Logistics as part of the planned flotation of the CEVA business, which was announced yesterday.
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NewsVan Beest merges brands
The Netherlands-based Van Beest, which manufactures Tycan fibre chain, Excel chain fittings and Green Pin rope fittings, is merging its Tycan and Excel brands into Green Pin, with immediate effect.
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NewsManitoulin adds IPE to portfolio
Quebec-headquartered Manitoulin Global Forwarding has acquired Toronto-based IPE Logistics Canada.
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NewsDrewry remains optimistic on multipurpose recovery
During a webinar earlier this week looking at the latest trends and outlook for the multipurpose shipping market, covering both breakbulk and project cargo sectors, Drewry repeated its optimistic forecast for the sector, predicting further rec
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NewsTrail King and Goldhofer ink sales deal
Germany's Goldhofer and USA-headquartered Trail King have teamed up to promote each other's range of trailers around the world.
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NewsAAL strengthens European footprint
Multipurpose shipping line AAL has strengthened its European network with the appointment of new agents in Belgium, France and Spain, while adding new staff in Germany.
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NewsCLA committed to UK
UK-headquartered freighter airline, CargoLogicAir (CLA), has rebuffed media reports suggesting that it is planning to relocate its operations to Germany.
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NewsKässbohrer presents new lowbed range
Kässbohrer will develop a new lowbed trailer manufacturing plant in Turkey, has introduced an extended range of lowbed and specialist trailers, and is investing in various research and development initiatives.