Latest business news – Page 135
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ABC heads to Heathrow
November 2 - London's Heathrow Airport has welcomed AirBridgeCargo Airlines (ABC) as its second dedicated cargo-only service.
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Ship operating costs set to rise further
November 1 - Vessel operating costs are expected to rise by 1.9 percent in 2016 and 2.5 percent in 2017, according to the latest survey by shipping consultant Moore Stephens.
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Japanese lines to merge box operations
October 31 - Three of Japan's largest shipping companies have announced that they plan to merge their container shipping and overseas terminal operations as the industry struggles with overcapacity and mounting losses.
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United Nations sets sulphur emission rules
The United Nations has established global regulations to limit the amount of sulphur emissions from vessels and said they would come into force from January 1, 2020.
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C.H. Robinson sees profits fall
October 27 - Earlier this week, large US logistics company CH Robinson said higher haulage costs and Hanjin'sbankruptcy were partly responsible for the fall in revenues and profits it recorded for third quarter.
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Basra Gateway expansion moves forward
October 27 - International Container Terminal Services (ICTSI) has officially opened the first phase of its greenfield terminal development at the Basra Gateway Terminal in Umm Qasr, Iraq.
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IAG Cargo adds London-New Orleans route
October 27 - Scheduled to commence in March 2017, IAG Cargo is adding a direct route between its hub at London Heathrow airport and New Orleans International airport.
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Agility invests in Africa
October 26 - Agility has opened a distribution park near Ghana's Tema Port - the first in a network of logistics facilities it intends to build across Africa.
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German shortsea shipping merger formed
October 25 - Leer based Hartmann Group and Papenburg headquartered Schulte & Bruns have agreed to expand their cooperation in shortsea shipping activities, with both parties taking a 50 percent share in Schulte & Bruns Chartering.
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Panalpina posts 'stable' figures
October 25 - In the first nine months of 2016, Panalpina recorded a slight increase in EBIT and consolidated profit, when adjusted for a second-quarter restructuring provision of CHF26 million (USD26.1 million).
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Crowley progresses with Puerto Rico project
October 24 - Crowley Maritime Corporation said it is progressing with the construction of two con-ro ships, which will be powered by liquefied natural gas (LNG).
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Wind work starts at Great Yarmouth
October 21 - Construction works to enhance port infrastructure for several offshore wind projects have begun at Peel Ports Great Yarmouth in the UK.
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Flinter loses bank support
October 21 - Dutch multipurpose shipping company Flinter has confirmed that ING Bank will no longer provide financing for nine of its vessels, leaving the line with no other option than to file for suspension of payments.
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Strong start for SCPA
October 20 - South Carolina Ports Authority (SCPA) reported year-on-year non-containerised cargo growth during the first quarter of its 2017 fiscal year.
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Shipping costs continue to decline
October 20 - Accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4 percent year-on-year in 2015.
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Wasel makes ADDrive debut
October 17 - German heavy haulage provider Wasel has transported a 290-tonne transformer from Bad Honnef to Ibbenbüren using a 14-axle Goldhofer trailer equipped with its new heavy-duty drive unit, the ADDrive.
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ARC gets patriotic
October 13 - American Roll-on Roll-off Carrier (ARC) has christened its US-flag ro-ro vessel, Patriot.
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Moody's warns on German lenders
October 13 - In a report issued this week, Moody's Investors Service said that German ship lenders are facing increasing risks from the prolonged global shipping industry crisis, with their exposure to the industry remaining significantly higher than that
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Nine Boeing 767 conversions for Atlas Air
October 13 - Boeing and Atlas Air Worldwide Holdings have announced an order to convert nine 767 passenger aircraft into Boeing Converted Freighters (BCF). Four of the orders were previously announced at the Farnborough International Airshow in July, attr
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US clears Konecranes-Terex deal
October 11 - Konecranes has received clearance from the committee on foreign investment in the USA for its pending acquisition of Terex's material handling and port solutions (MHPS) business.