Latest business news – Page 129
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TII India remains on course
April 5 - TII India, a subsidiary of the TII Group, has delivered the first three TIIGER Extender semi-trailers to Darshan Roadlines Pvt Ltd (DRPL), in the Indian city of Bawal.
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Double Boeings for ABC
April 4 -BOC Aviation Limited, an aircraft lessor, has purchased two Boeing 747-8 freighters, committing both on long-term leases to AirBridgeCargo (ABC) Airlines.
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Armitt handles ship unloaders
April 3 - In the UK, the Armitt Group has successfully managed the removal of two 1,050-tonne ship unloaders from the former Tilbury power station located on the River Thames, east of London.
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SEKO names Barnes
March 31 - SEKO Logistics has named Tony Barnes as chief operating officer (coo) Asia Pacific.
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MOL marks Malaysian enhancement
March 30 - Mitsui OSK Lines (MOL) has acquired a 20.9 percent share in Malaysian logistics company, PKT Logistics Group.
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Recovery in sight, says Drewry
March 29 - Following another poor year for multipurpose shipping with further erosion of rates making it the worst market in over 10 years, signs of recovery are now evident with momentum expected to build over the next few years, according to global ship
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Crowley's cranes make history
March 27 - Crowley Puerto Rico Services has taken delivery of three Liebherr ship-to-shore cranes at its Isla Grande Terminal in San Juan.
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Rhenus takes stake in Arkon
March 24 - The Rhenus Group has taken a 40 percent shareholding in Arkon Shipping, which manages a fleet of more than 120 seagoing vessels.
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Vossmann tackles vortex
March 24 - Vossmann Logistik has used a Faymonville Combimax trailer to transport a 105-tonne vortex used in the cleaning of gas to the inland Port of Meppen, Germany.
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Shipping not a picnic, says accountant
March 23 - Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.
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Crowley steps on the gas with ship launch
March 22 - Crowley Maritime and VT Halter Marine have launched Crowley's new Commitment Class ship El Coquí, one of the world's first combination ro-ro ships powered by liquefied natural gas in Pascagoula, USA
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PensionDanmark's maritime investment
March 22 - PensionDanmark, one of Denmark's largest pension funds, is investing in a new maritime investment fund which will buy, lease and sell ships.
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Hapag-Lloyd and UASC move merger date
March 17 - Hapag-Lloyd and UASC have mutually agreed to shift the date of their Business Combination Agreement (BCA) until May 31, 2017 having originally envisaged the transaction would close by March 31, 2017.
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EC re-adopts air cartel decision
March 17 - The European Commission has re-adopted a cartel decision against 11 air cargo carriers and imposed a fine totalling EUR776.465 million (USD834.5 million) for operating a price-fixing cartel.
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Wood Group buys Amec Foster Wheeler
March 15 - UK-headquartered energy services company Wood Group is set to acquire Amec Foster Wheeler - a UK-based consultancy and project management company - in an all-share takeover deal worth approximately GBP2.2 billion (USD2.7 billion).
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MarketLine predicts recovery for marine freight
March 14 - MarketLine expects the marine freight industry to reach a value of USD210 billion by 2021.
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Subsea 7 takes control of Seaway Heavy Lifting
March 13 - Subsea 7 has acquired K&S Baltic Offshore's 50 percent shareholding in Seaway Heavy Lifting, making the latter and its subsidiaries wholly owned by the Subsea 7 Group.
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Ocean7 Projects merge with Ikonship
March 13 - Effective April 1, two Danish shipping companies, Ocean7 Projects and Ikonship, will merge their activities under the Ocean7 Projects banner.
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Scheuerle promotes North American range
March 13 - Germany-headquartered specialised trailer manufacturer TII Group has used the CoxExpo convention to promote its range of trailers and specialised handling equipment geared to the North American market.
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CSX begins management cuts
March 10 - According to local media reports, CSX has started the process of laying off around 1,000 employees with the majority expected to take place at CSX's Jacksonville, Florida headquarters.