Latest business news – Page 130
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LNG first for Van Oord
March 10 - Van Oord has ordered its first LNG-powered crane vessel, named Werkendam, to be deployed to its subsidiary Paans Van Oord for Netherlands-based projects.
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No news is good news for shipping
March 9 - International accountant and shipping adviser Moore Stephens says the UK Budget 2017 contained no unwelcome surprises for the shipping industry, and some good news for the offshore sector.
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Greencarrier and JAS form alliance
March 9 - Greencarrier Freight Services and JAS Worldwide have formed an alliance to provide freight and logistics services through JAS' global network and Greencarrier's operations in the Nordic and Baltic areas, representing each other exclusively in th
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Results round up
March 8 - Gebrüder Weiss has reported total revenues of EUR1.36 billion (USD1.435 billion) for its 2016 financial year, up 6.4 percent in comparison to EUR1.278 billion (USD1.348 billion) achieved in 2015.
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UK groups set up abnormal loads forum
March 8 - A new abnormal loads cross-industry forum and working group has been established in the UK to develop an industry code of practice to benefit the whole of the distribution network.
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Faymonville acquires Cometto
March 8 - Luxembourg headquartered trailer manufacturer Faymonville has reached an agreement to purchase 100 percent of the shares in Italian trailer manufacturer Industrie Cometto.
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Record January for Baltimore
March 7 - The Port of Baltimore, USA has reported a record month for general cargo and containers in January 2017.
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AMI buys into Manica
March 6 - AMI International of Mauritius has acquired the Bidvest Group's shareholding in Manica Holdings of South Africa.
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Atlas Air's fourth quarter high
March 2 - Atlas Air Worldwide Holdings (AAWW) achieved record revenues for the fourth quarter of 2016, reporting an adjusted income from continuing operations totalling USD59 million, compared with USD39.4 million in the fourth quarter of 2015.
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Panalpina's volumes rise while profits fall
March 2 - Despite Panalpina recording its highest air freight volumes since 2007, its gross profit margins in both air and ocean freight declined in 2016.
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Djibouti readies for new facility
March 1 - The Port of Djibouti's Doraleh Multipurpose Port (DMP) will be completed by the end of this month, with commissioning starting in April, after a total investment of over USD590 million.
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Bahri adds Mumbai office
February 27 - Shipping company Bahri has opened a branch office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundations to offer diverse shipping services to domestic customers.
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GPA and VPA file agreement
February 27 - The Georgia Ports Authority (GPA) and the Virginia Port Authority (VPA) have filed the East Coast Gateway Terminal Agreement with the Federal Maritime Commission (FMC).
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MOL Logistics' plan to expand
February 24 - MOL Logistics has submitted an application with the Indian government to establish a subsidiary in India.
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Erring on the side of caution
February 24 - Speaking at a recent Journal of Commerce webinar this week, Susan Oatway, associate director of Drewry Maritime Research, outlined some of the challenges, which still face the multipurpose and heavy lift shipping sector.
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A record year for the Ports of Indiana
February 23 - The Ports of Indiana has handled nearly 3.9 million tons (3.5 million tonnes) of cargo during the fourth quarter of 2016, the highest quarterly shipment total in the organisation's 55-year history.
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Bahri on line with Saudi Rail
February 22 - Bahri has signed a contract with Saudi Rail Company (SAR), for the provision of transportation and shipping services as well as Customs clearance support through Bahri Logistics, one of the six business units within the group.
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DP World's Senegal expansion plans
February 17 - DP World's Group chairman and ceo has discussed the benefits of long-term partnerships between governments and the private sector for Senegal and other African nations.
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Shipowners' Club warns on charter parties
February 16 - Mutual insurance association, The Shipowners' Club has issued advice for anyone planning to undertake a charter party with an unfamiliar entity and wants to ensure the charterer will pay their hire.
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Forwarders criticise protectionism
February 16 - The International Federation of Freight Forwarders Associations (FIATA), the umbrella organisation for global freight forwarder associations, has commented on the value of free trade, trade facilitation, and trade development in the wake of