Latest business news – Page 127
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Cranes on the double
May 31 - Intermarine's recent delivery of two mobile harbour cranes marked the start of Yilport Holding's investment in Ecuador's Puerto Bolivar container terminal.
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Export Credit Norway set to finance retrofits
May 25 - Following the International Maritime Organization (IMO) ratifications of the ballast water and exhaust gas treaties, government-owned Export Credit Norway has offered financing to international vessel owners who purchase retrofit equipment from N
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Djibouti opens DMP
May 25 - Djibouti has officially opened the Doraleh Multipurpose Port (DMP), marking the completion of the USD590 million project.
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Hapag-Lloyd and UASC complete merger
May 24 - Hapag-Lloyd and United Arab Shipping Company (UASC) have completed the merger between the two liner shipping companies.
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Noise fines cause cargo airlines to flee Brussels
May 15 - Brussels Airport has reported that it has received the written confirmation that a second cargo airline is leaving as a result of the noise fines imposed by the Brussels Capital Region. A third cargo carrier is also threatening to leave Belgium i
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Venice grows with Grimaldi
May 15 - In a presentation at the transport logistic exhibition in Munich last week, the Port of Venice celebrated its successful cooperation with the Grimaldi Group, now operating five departures a week to Greece and one weekly departure to the Near East
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Mammoet expands in USA with acquisition
May 12 - Mammoet has acquired USA-based George Young Company, which specialises in rigging, machinery installation and heavy hauling.
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Jones Act changes postponed
May 12 - In a sharp reversal for US offshore service companies, US Customs and Border Protection (CBP) withdrew its proposed changes to Jones Act rules that could have shut the door to foreign-flag operators in the Gulf of Mexico.
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Boskalis' results in line with expectations
May 11 - Royal Boskalis Westminster has said its performance in the first quarter of 2017 has been in line with expectations, characterised by continued lower volumes of work due to weak market conditions.
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Blue Water Shipping adds fourth TCO contract
May 10 - A consortium led by Blue Water Shipping (BWS) has been awarded an additional contract by Tengizchevroil (TCO) for a project in Kazakhstan.
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Kerry goes for gold in Italy
May 9 - Kerry Logistics Network has agreed to acquire the majority stake of the Tuvia Group's subsidiary, Tuvia Italia SpA, as part of the former's ongoing expansion in Europe.
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Geodis eyes super-heavy and power projects
May 9 - In what has been a successful year for Geodis' Industrial Projects division, Igor Muniz, Industrial Projects director Europe, said the investments being made at the company would provide a solid foundation for future growth.
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Maxim eyes up Coast acquisition
May 8 - Maxim Crane Works and Essex Rental Corp have entered into a stock purchase agreement, in which Maxim will acquire Coast Crane Company, an indirect wholly-owned subsidiary of Essex.
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OL eyes project growth with Orion acquisition
May 5 - OL International has acquired Orion Marine - a project steamship agent specialising in delivering project, oversized and hazardous cargo.
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Rickmers reports loss ahead of restructuring
May 4 - Rickmers Group reported a year-on-year revenue decrease of 17.7 percent for 2016, falling to EUR483.3 million (USD527.6 million) from EUR587 million (USD640.8 million) in 2015.
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Cosco profits in Q1 2017
May 4 - Cosco Shipping Specialized Carriers has reported a 1,104 percent year-on-year first quarter net profit increase,totalling CNY11.06 million (USD1.61 million).
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Three's company for CLA
May 4 - CargoLogicAir (CLA) has taken delivery of a third Boeing 747 freighter.
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Panalpina takes a stake in Carelog
May 3 - Panalpina World Transport has acquired a majority stake in Carelog Freight Service, a Danish freight forwarding and logistics company.
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Daseke builds open-deck trucking group
May 3 - Daseke Inc, one of the largest owners of open-deck transportation equipment in North America, is merging with fellow open-deck truck operators The Schilli Cos and Big Freight Systems Inc.
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Declining vigilance will increase piracy
May 3 - The recent spate of attacks off the Horn of Africa may point to an elevated risk for a return of piracy, according to Oceans Beyond Piracy's (OBP) annual State of Maritime Piracy report which analyses the human and economic impacts of maritime pir