Latest business news – Page 125
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WWL ALS opens in Norway
August 7 - Wallenius Wilhelmsen Logistics Abnormal Load Service (WWL ALS) is expanding into the Scandinavian market and will take over the Wilhelmsen Ships Services Nordic (WSS Nordic) offices in Bergen, Norway.
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Volga-Dnepr eyes up AN-124 replacement
August 7 - Volga-Dnepr is exploring the prospects for the development of a replacement super-heavy cargo transporter, which it hopes will be 35 - 40 percent more efficient than the Antonov AN-124, both technically and economically.
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Dooley named as BDP cfo
August 4 - Global logistics and transportation solutions company BDP International has named Todd Dooley as chief financial officer (cfo), effective immediately.
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Bishop Lifting takes Matex Wire Rope
August 3 - SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, has acquired Kilgore, USA-based, Matex Wire Rope.
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HLI on track with acquisition
August 3 - HLI Rail & Rigging has acquired a new 20-axle railcar, which is currently under construction and expected to be ready for service early in 2018.
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ACS grows in Canada
August 2 - The Canadian office of Air Charter Service (ACS) has moved to larger premises in Toronto to facilitate its growth plans in the country.
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Transaid trains Ugandan drivers
August 1 - Transaid, the international development organisation, has started a major project to develop heavy goods vehicle and passenger service vehicle driver training in Uganda.
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CES claims heavy-duty reachstacker first
July 31 - During an event at its factory near Verona, Italy, Containerhandling Equipment & Solutions (CES) presented its new heavy-duty reachstacker, the VRS-K, which boasts a lifting capacity of 150 tonnes.
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Subsea 7 sees market improvement
July 27 - Subsea 7's renewables and heavy lifting business unit saw increased offshore activity in the second quarter of 2017, following its acquisition of Seaway Heavy Lifting.
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Container profitability on the horizon
July 27 - Container lines could see a 12-month cumulative profit of up to USD5 billion this year, as the "super-cycle" of carrier consolidation has changed the playing field and left shippers with less choice, says Drewry.
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Harren & Partner strikes SAL deal
July 26 - Ten years after it first took a stake in the shipping company, and six years after it took complete control, Japan-based Kawasaki Kisen Kaisa ("K" Line) has sold SAL Heavy Lift to the Bremen, Germany-based shipping group Harren & Partner.
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First Sapphire shipment arrives at Newcastle
July 25 - The Port of Newcastle has welcomed the first shipment of wind turbine components bound for the Sapphire Wind Farm, which it claims will be the largest wind turbines to be imported into Australia.
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Samskip eyes up Nor Lines
July 25 - Samskip will acquire the activities of Nor Lines, part of the DSD Group, subject to the approval of Norway's competition authorities.
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Fagioli to get equity boost
July 24 - QuattroR, a management company specialising in corporate restructuring, is in advanced talks to acquire an initial 49 percent of Italy's Fagioli group.
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Antwerp invests in Açu
July 24 - The Port of Antwerp, through its subsidiary Port of Antwerp International (PAI), will invest USD10 million in the Port of Açu, a privately owned port complex in São João da Barra, Brazil.
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Stena ups North Sea capacity
July 21 - Stena Line will replace the vessels operating on its Rotterdam, the Netherlands to Harwich, UK service with larger ro-ro ships in response to demands for increased freight capacity.
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Bilbao builds manufacturing plant
July 20 - The construction of Haizea Wind's offshore wind tower manufacturing plant has commenced at the Port of Bilbao, Spain.
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McCain targets Jones Act again
July 19 - For the second time in less than two years, US senator John McCain has introduced legislation that would revise the Jones Act, which requires that all goods shipped between US ports be carried on US-built, owned and operated ships.
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Tidewater gets court approval
July 17 - The United States Bankruptcy Court for the District of Delaware has confirmed the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization for Tidewater, the US provider of larger offshore service vessels to the global energy industry,
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Japanese provide ONE details
July 14 - Even though some jurisdictions have yet to approve the merger, Japan's three large container lines have set out details of their new Ocean Network Express (ONE) organisation.