Latest business news – Page 133
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Shipping fears over new bank rules
December 16 - According to a report in Reuters, bankers have suggested that the global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt.
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Terex makes site and staff cuts
December 15 - Terex Cranes has revealed plans to sell its components and parts facility in Pecs, Hungary, consolidate its three manufacturing operations in Zweibrücken, Germany into two, and reduce its global workforce by around 30 percent.
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Genesee & Wyoming buys Pentalver
December 15 - APM Terminals has reached an agreement to sell UK based container-related services provider Pentalver to US based railroad operator Genesee & Wyoming.
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Gaylin opens in South Korea
December 13 - Gaylin - the Singapore headquartered supplier of lifting, rigging and marine equipment - has opened a new facility in Busan, South Korea.
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Germany aids Namibian logistics
December 9 - The German government through its implementing agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Logistics Hub Project from the Walvis Bay Corridor Group (WBCG) are partnering to implement the latter's Logistic
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Brownsville expects record year
December 9 - The Port of Brownsville expects to set tonnage and revenue records for 2016, said Eduardo A. Campirano, port director and ceo.
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Chinese shipping line rebrands
December 8 - Heavy lift and project cargo shipping line, Cosco Shipping Company Limited (Coscol) has officially changed its name to Cosco Shipping Specialized Carriers Co Ltd, during a ceremony attended by more than 200 people.
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Get connected to build trade
December 8 - The International Air Transport Association (IATA) released a study identifying a quantitative link between a country's air cargo connectivity and its participation in global trade.
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Report shows consolidation impact
December 7 - A recent report by VesselsValue gives a clear indication of the impact that container line consolidation is having on the total box ship fleet.
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TT Club in Russian liability warning
December 2 - International freight and logistics insurer TT Club has warned forwarders and logistics operators offering services within Russia to consider their liabilities beyond just cargo protection.
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Maersk to buy Hamburg Süd
December 1 - Maersk Line has reached an agreement to purchase German container shpping line Hamburg Süd from the Oetker Group.
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First blade made at Green Port Hull
December 1 - The first turbine blade has been manufactured at Siemens' new wind power factory at Green Port Hull on the UK Port of Hull's Alexandra Dock.
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Combi Lift enhances Bremerhaven terminal
November 30 - Combi Lift has made a number of investments at its logistics terminal in Kaiserhafen 1, Bremerhaven, Germany.
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Huge investment planned for Philadelphia
November 29 - Pennsylvania's governor Tom Wolf has announced a comprehensive capital investment programme at the Port of Philadelphia that will result in over USD300 million of investment in the port's infrastructure, warehousing and equipment through to
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HSH meets potential buyers
November 28 - Reports on the Reuters website, suggest that German bank HSH Nordbank has been meeting with potential buyers in London ahead of its planned privatisation next year.
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Misnak moves tank quartet
November 25 - Misnak International has coordinated the relocation of four liquefied petroleum gas (LPG) bullet tanks, weighing 450 tonnes each, at Port Reitz in Mombasa, Kenya.
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Eye-watering loss for Nord/LB
November 25 - German state bank Nord/LB, the country's second-largest ship financer, revealed a further decline in results on Thursday and indicated that its full-year losses would surpass an eye-watering EUR1 billion (USD1.05 billion).
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EC green lights Hapag-Lloyd and UASC merger
November 25 - The European Commission has approved the merger between Hapag-Lloyd and UASC - subject to certain conditions, including the latter withdrawing from the North Atlantic trade.
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UECC's dual-fuel LNG ship named
November 24 - United European Car Carriers (UECC) named the world's first dual-fuel LNG pure car truck carrier (PCTC), Auto Eco, at a ceremony at the Port of Zeebrugge earlier this week.
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Rickmers Maritime default has “no impact” on group finances
November 18 - Rickmers Group has confirmed that Rickmers Maritime Singapore's bond coupon payment default has no impact on the financing of Rickmers Holding and its subsidiaries.