Latest business news – Page 128
-
News
Maersk's acquisition approved
May 3 - The sale and purchase agreement for Maersk Line's acquisition of Hamburg Süd has been approved by the boards of Maersk Line and the Oetker Group.
-
News
Key shipping issues come under scrutiny
May 3 - The International Chamber of Shipping (ICS) has launched its latest Annual Review, ahead of the ICS Annual General Meeting in Istanbul next week.
-
News
Strong start for DSV
May 2 - DSV has reported a net revenue of DKK18.2 billion (USD2.7 billion) for the first quarter of 2017, in comparison to DKK15.3 billion (USD2.2 billion) for the corresponding period of 2016.
-
News
ACS soars in 2016
May 2 - Air Charter Service (ACS) has reported a strong 2016, with an 8 percent increase in revenue, totalling GBP342 million (USD441.8 million) in the year ending January 31, 2017.
-
News
Pioneering Spirit sets record
May 1 - Allseas' dynamically positioned single-lift installation/decommissioning and pipelay vessel Pioneering Spirit has set a world lifting record with the safe and successful removal of Shell UK's 24,000 tonnes Brent Delta platform topsides from the No
-
News
Cargolux profits tumble in volatile 2016
May 1 - Cargolux Airlines carried almost 1 million tonnes of cargo on its global freight network during a volatile 2016. However, the carrier's profit fell some 90 percent year-on-year from USD49 million in 2015 to USD5.5 million in 2016; revenues fell by
-
News
Construction at Cuxport
April 27 - The deepwater terminal of Cuxport, located in Cuxhaven, Germany is undergoing the construction of a fourth berth.
-
News
Herfurth takes two
April 25 - Herfurth Logistics, part of the Herfurth Group, has acquired the Netherlands-based companies M-Star Freight Services and Falconex.
-
News
China Merchants completes Sinotrans merger
April 24 - China Merchants Group, the state-owned conglomerate completed a strategic reorganisation, which results in and Sinotrans & CSC becoming a wholly-owned subsidiary of the former.
-
News
Three Lines Shipping seeks investor
April 24 - Three Lines Shipping (TLS), a UAE-based transportation and logistics company, has confirmed reports that it is looking for an investor to help boost its regional expansion and grow its brand.
-
News
Moore Stephens flags shipping pool pitfalls
April 20 - International accountant and shipping adviser Moore Stephens issued a warning to ship owners and operators to check carefully the financial, tax and jurisdictional implications of participating in shipping pool arrangements.
-
News
Siemens set for Dubai global logistics
April 19 - Siemens, one of the largest manufacturing and electronic companies in the world, will set up its global logistics headquarters, including its portfolio for airports, cargo infrastructure and ports, in Dubai.
-
News
Ex-Im Bank to get full functionality?
April 18 - In the USA, many have welcomed President Trump's announcement last Friday naming former Congressmen Scott Garrett and Spencer Bachus as nominees to the Export-Import Bank (Ex-Im) board of directors.
-
News
RSS names directors
April 13 - Rope and Sling Specialists (RSS) has named Alan Varney and Angela Holmes as operations and finance directors respectively.
-
News
Liebherr expands in Buenos Aires
April 12 - Liebherr-Argentina, a subsidiary of Liebherr, has opened a 314 sq m office in Buenos Aires, expanding the group's activities in Argentina and Uruguay, primarily in the areas of mining, mobile cranes, and port and harbour cranes.
-
News
WaterFront expands
April 7 - Global ship agency WaterFront Maritime Services (WaterFront) has expanded by adding five new network partners across North and South America as well as the UK, in a move that provide it with a further 57 offices and access to more than 400 staff
-
News
Weak year for Grieg shipping arm
April 7 - In 2016, Grieg Star recorded a loss of NOK64 million (USD7.4 million), against a net deficit of NOK476 million (USD55.3 million) in 2015, says its parent company, Grieg Group.
-
News
Zeaborn completes Rickmers-Linie takeover
April 6 - Rickmers-Line GmbH, a company within the Bremen-based Zeaborn Group, has completed the takeover of the business operations of Rickmers-Linie and MCC Marine as well as NPC Projects, which was originally announced on February 9 and received cleara
-
News
Schneider goes for IPO
April 5 - Green Bay, USA-based trucking company, Schneider National has launched an initial public offering (IPO) of 28,947,000 shares of its Class B common stock, at an anticipated IPO price between USD18 and USD20 per share.
-
News
Finnlines adds to the Breeze
April 5 - Starting from September 2017, Finnlines will lengthen four of its Breeze series vessels, increasing vessel capacity by around 1,000 lane metres.