Latest business news – Page 136
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ACS gets new investors
October 11 - Air Charter Service (ACS) has welcomed its first external investors after Alcuin Capital Partners purchased a minority stake in the UK air charter broker.
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Port NOLA strengthens Cuban ties
October 11 - The Port of New Orleans has signed a memorandum of understanding (MoU) with Cuba, which pledges to expand trade and commerce opportunities between Louisiana and the Caribbean nation.
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TPI Megaline loads Octopus
October 10 - Korean heavy lift shipping company TPI Megaline has selected ABB's predictive Octopus marine software to ensure safe and efficient operations on one of its vessels.
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Williams Shipping aims high
October 10 - Williams Shipping, an expanding marine and logistics firm based in Southampton, UK, has boosted its cargo handling capabilities with the investment in a powerful reach stacker and the development of a new one-acre cargo handling yard for its
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ABC ups Boeing fleet
October 10 - Volga-Dnepr Group has taken delivery of its latest Boeing 747-8 freighter, which will be employed in the fleet of AirBridgeCargo Airlines (ABC).
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Drewry releases latest multipurpose report
October 7 - According to the latest Multipurpose Shipping Market Review and Forecaster report published by Drewry, "the last three months have been some of the worst the multipurpose and project carrier sector has endured in living memory".
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Longview claims ship-to-rail first
October 6 - The Port of Longview claims to be the first port in the USA to have discharged wind turbine blades directly from a vessel onto rail cars.
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ABB and Fluor ink power partnership
October 4 - ABB and Fluor have formed a global strategic partnership for the execution of large turnkey engineering, procurement and construction (EPC) projects for electrical substations.
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Coalition pushes for further Ex-Im bank action
October 3 - Despite the fact that reauthorisation of the US Export Import Bank (Ex-Im) finally passed both houses of Congress with strong majorities last year, the ability of the American credit finance agency to regain full operational efficiency remains
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Bahri looks to US expansion
September 30 - Bahri intends to develop and expand its business in the American market, with the opening of a second US office in Houston, Texas.
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Longview seeks Bridgeview proposals
September 30 - On the US West Coast, the Port of Longview is seeking proposals for available industrial waterfront property on the Columbia River.
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Drewry 'even more pessimistic'
September 30 - Drewry analyst Susan Oatway has said that she is even more pessimistic than she was six months ago about the outlook for the heavy lift and multipurpose market over the next couple of years.
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Cargolux adds new 747-8F
September 30 - Cargolux Airlines has taken delivery of a new Boeing 747-8 freighter.
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Six shipping lines raided in South Africa
September 29 - South Africa's Competition Commission has conducted a search and seizure operation at the premises of six cargo shipping companies operating in the Western Cape and Kwazulu-Natal provinces.
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Revenues up at Air Partner
September 29 - Air Partner reported strong first-half 2016 results, with revenues up 2.4 percent year-on-year over 2015 to GBP112.9 million (USD146.7 million).
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Hanjin Shipping: sale just one option
September 28 - Reports in the international business media suggest that the South Korean court that is overseeing Hanjin Shipping's receivership process is considering multiple means of rehabilitating the world's seventh-largest container shipping line, w
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Shipping confidence rises
September 27 - According to the latest Shipping Confidence Survey from Moore Stephens, shipping confidence, notably on the part of charterers and managers, improved for the second successive quarter in the three months ending August 2016.
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"K" Line considers 'drastic structural reform'
September 23 - In its 2016 report, "K" Line has said that its heavy lift shipping business, which is conducted by SAL Heavy Lift, is "striving to improve earnings by implementing various cost-cutting measures in addition to pursuing efficient fleet alloca
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Reduced income for marine cargo insurers
September 22 - The International Union of Maritime Insurers (IUMI) said that global cargo premiums fell by 9 percent between 2014 and 2015 to USD15.8 billion.
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Seaforth prototype ready for action
September 22 - Ballast Water Containers (BWC), a company set up by Glasgow based Malin Group, has recently begun trials with its Seaforth containerised ballast water treatment system (BWTS).