Latest business news – Page 134
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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.
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BigMove makes Scheuerle buy
November 18 - The BigMove network, which comprises 13 companies in Germany, the Netherlands, Belgium, Austria and Poland, has ordered a total of 12 EuroAxle vehicles from trailer manufacturer Scheuerle.
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Making the most of the downturn
November 16 - GAC Group president Bengt Ekstrand noted during a recent managers' conference that the company is pushing for greater innovation and flexibility in order to cope with turbulent global markets, and has maintained a solid balance sheet despite
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TTS predicts heavy lift challenges
November 15 - TTS Group posted a NOK5 million (USD593,000) loss in EBITDA for the first nine months of 2016 in its multipurpose/general cargo business unit, which it attributed to customer-initiated delays in project deliveries combined with a slow market
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Changes at the top for PACC Offshore
November 15 - Effective January 1, 2017, offshore marine services provider, PACC Offshore Services (POSH) is promoting current chief operating officer, Lee Keng Lin to the newly created role of deputy chief executive officer.
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Mediaco acquires SMMI Levage
November 14 - In France, the Mediaco group, which specialises in crane rental and specialised transport engineering services has bought SMMI Levag.
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Hapag-Lloyd ups profit
November 14 - Hapag-Lloyd has closed the third quarter of 2016 with a net profit of EUR8.2 million (USD8.7 million), compared with EUR3.2 million (USD3.4 million) in the same period of 2015.
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No change for Boskalis outlook
November 11 - Royal Boskalis Westminster (Boskalis) closed its third quarter of 2016 in line with expectations.
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Revenues up for Tiong Woon
November 11 - Tiong Woon Corporation achieved revenue of SGD34.4 million (USD24.35 million) in first quarter of its 2016-2017 financial year ending September 30, an increase of SGD1.3 million (USD0.92 million) or 4 percent for the same period of 2015.
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Results down for Wilhelmsen
November 11 - Wilh. Wilhelmsen Holding (WWH) has reported a decrease in total income and operating profit compared with the previous quarter. During the quarter, the group made significant steps towards restructuring its shipping, logistics and maritime s
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Revenues decline at Rickmers
November 11 - Rickmers Group generated consolidated revenues of EUR373.6 million (USD406.1 million) in the first nine months of 2016 - a 15 percent decline compared with the same period of 2015.
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Agility grows in 'challenging' market
November 10 - Agility has posted a net profit of KWD15.17 million (USD49.9 million) for the third quarter of 2016, representing an 11 percent increase compared to the third quarter of 2015.
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Investment floods into Antwerp
November 9 - Massive investments in the Port of Antwerp will be welcome news to providers of heavy lift capacity, specialised transport engineering and project forwarding services, with various heavy and oversize cargoes being required for parts of the co
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DPDHL hails successful Q3
November 9 - Deutsche Post DHL Group has reported a significantly increased profit for the third quarter, "despite a weak economic tailwind" according to ceo Frank Appel.
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Columbia and Marlow explore merger
November 8 - Columbia Shipmanagement and Marlow Navigation have confirmed that they are discussing a potential merger or collaboration to extend their cooperation in the maritime training sector.
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Four into two for SRT
November 7 - SRT Transportation Solutions has executed several interesting projects in the last few months, including two steam generators being relocated across the USA.
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Abis ships go under hammer
November 4 - Sources close to the situation have told HLPFI that ships within Abis Shipping's fleet of multipurpose vessels are going under the hammer, after the bank pulled its financial support for the ships.
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Singapore to invest in offshore future
November 2 - Singapore's minister of trade and industry, S. Iswaran, has stated that the government is studying the need for measures in the marine and offshore engineering sectors.
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DSV freight volumes grow
November 2 - DSV's Air & Sea division has posted a 51 percent year-on-year increase in sea freight volumes for the first nine months of 2016, along with an 84 percent increase in airfreight volumes, when compared with the same period last year.