Latest business news – Page 138
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Changes at the top for Fednav
August 22 - Effective September 10, Paul Pathy will assume responsibility as the sole chief executive officer of Fednav Limited and of Fednav International Ltd (FIL).
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Pan Ocean back in the black
August 19 - South Korean shipping company, Pan Ocean has reversed the loss it recorded in the first half of 2015, turning in a profit for the same period of this year.
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More mergers and acquisitions says Drewry
August 19 - Poor first half results in container shipping in the first half make it more likely that more merger activity can be expected, says London's Drewry Maritime Research.
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Profits tumble at Boskalis
August 19 - Royal Boskalis Westminster (Boskalis) realised a net profit of EUR147.5 million in the first half of 2016, less than half of the EUR 306.5 million it achieved in the corresponding period of 2015, with the spot market in its Offshore Energy dep
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UK set for largest offshore wind farm
August 17 - Companies active in providing logistics, transport and installation services for the renewable energy sector will be buoyed from the news that the UK Government has given planning consent to Dong Energy for the Hornsea Two offshore wind farm.
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Summer record for ACS
August 17 - July saw aircraft charter specialist, Air Charter Service, book 1,114 charter contracts, making it the company's best month on record.
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Crowley names strategy VP
August 16 - Crowley Maritime Corporation has promoted Eric Evans to vice president of strategy, a newly-created position that will focus on facilitating long-term growth through external business partnerships, including mergers and acquisitions.
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Intermarine adds chartering manager
August 16 - Intermarine has named Samir Ferguen as chartering manager - Europe.
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Veja Mate wind park on schedule
August 16 - The Hamburg-based Buss Port Logistics has successfully completed the near-shore logistics and storage operations for the future Veja Mate offshore windpark.
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Palfinger ends TTS takeover
August 15 - The Austrian company Palfinger Marine has terminated its attempt to acquire all the shares in Norway, Bergen-based TTS Group.
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DSV USA completes UTi merger
August 12 - DSV Air & Sea in the USA has completed the office and IT integration of the former UTi freight forwarding division.
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Rickmers continues to weather market storm
August 12 - Rickmers Group recorded consolidated revenues of EUR249.3 million (USD277.9 million) in the first half of 2016 - a 13.9 percent decrease compared with the same period of 2015.
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Maersk Group profit tumbles
August 12 - Maersk Group recorded a profit of USD118 million in the second quarter of 2016, down from USD1.1 billion in the same period of 2015.
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'Disappointing' start for Hapag-Lloyd
August 10 - Subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates have marked the first half of the 2016 business year for German shipping company Hapag-Lloy
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Thumbs up for Konecranes
August 9 - Konecranes has received approval from the European Commission (EC) and the US Department of Justice (USDOJ) for its pending acquisition of Terex's material handling and port solutions (MHPS) business.
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New Zealand ports partner up
August 9 - Ports of Auckland and Napier Ports have signed a strategic alliance, which they claim will allow them to optimise services for freight customers and achieve further scale and efficiencies in the supply chain.
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Combi Terminal opens at Jurong
August 8 - Singapore's Jurong Port has commenced operations at its Combi Terminal, which has been designed to cater for multipurpose vessels carrying a variety of general cargoes.
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Turkish delight for ALE
August 8 - ALE's 4,300-tonne capacity AL.SK190 crane has performed its first lifts in Turkey, with the installation of two components at the greenfield SOCAR & Turcas Aegean Refinery site in Aliaga, Izmir province.
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Ups and downs for Agility
August 8 - Despite a drop in revenue, Agility posted a net profit of KWD15 million (USD49.7 million) in the second quarter of 2016 - an 11 percent increase compared with the same period of 2015.
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DHL forwarding division 'back on track'
August 4 - DHL has noted that the performance of its Industrial Projects division in the first half of 2016 was considerably weaker than the same period in 2015, due in part to the conclusion of projects started in previous years and low oil prices reduci