Latest business news – Page 143
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ALE on track in Saudi Arabia
May 5 - ALE has been awarded a contract to transport 1,186 railcars from Poland to Saudi Arabia.
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BBC shows PPG support
May 5 - BBC Chartering Australia has been named the first major sponsor for the Project Professionals Group's (PPG) tenth anniversary annual conference in Melbourne next year.
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New HQ for Multitrade Spain
May 4 - Multitrade Spain has moved to a new headquarters in Barcelona and is now starting a new service for wine logistics, following last year's investment by Balguerie Groupe in the company.
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Port Manatee offers workshops
May 4 - The International Trade Hub at Port Manatee has started a series of workshops aimed at encouraging innovative commercial ties with European and Latin American businesses.
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Work starts on Cuxhaven berth
May 4 - Daniela Behrens, Secretary of State of Niedersachsen's Ministry of Economic Affairs, Labor and Transport (Lower Saxony Ministry of Economic Affairs, Employment and Transport) has ceremonially started the construction of Berth 4 at the Port of Cuxh
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FMT makes big investment
May 4 - Federal Marine Terminals (FMT) is investing USD3.7 million in 2016, which will see it acquire a new USD1.7 million crane for its Cleveland terminal and 11 heavy-duty forklifts for Burns Harbor, Milwaukee, Cleveland and Hamilton.
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AmQuip and Maxim to merge
May 3 - North American private equity firm Apollo Global Management has signed agreements to acquire and merge together AmQuip Crane Rental and Maxim Crane Works.
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Dongbang in Iranian first
April 28 - Dongbang Transport Logistics has carried eight fabricated deck modules on one of its heavy load carriers, Dongbang Giant No. 2, from Ulsan, South Korea, to Khorramshahr in Iran.
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Strong 2015 for ACS
April 28 - Air Charter Service (ACS) posted a 10 percent year-on-year increase in turnover in its 2015 financial year at USD480 million; and a 28 percent increase in gross profit to USD60.2 million.
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Vanguard ready for power in Africa
April 27 - Constrained power supply holds back economic growth in Africa, but capacity is steadily being built to feed this electricity-hungry region.
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Dundee development gets under way
April 26 - Site survey works are under way at the Port of Dundee for the proposed new GBP10 million (USD14.6 million) quayside development.
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Study shows US cross-border problems
April 21 - In the USA, as part of a study on multi-state, multimodal oversize/overweight (OS/OW) transportation for the Transportation Research Board (TRB), the management consulting firm CPCS indexed 72 unique OS/OW regulations, operational restrictions,
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Panalpina grows as oil business slows
April 21 - Panalpina posted an EBIT of CHF24 million (USD24.6 million) and a consolidated profit of CHF17.3 million (USD17.8 million) for the first quarter of 2016, despite the continued contraction of the global oil and gas business.
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Hapag discusses UASC merger
April 21 - Hapag-Lloyd has confirmed that it is currently discussing forms of cooperation with United Arab Shipping Company (UASC), including a potential combination of the two parties' mutual container shipping operations.
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Kobelco giants join MIC
April 20 - Kobelco Construction Machinery celebrated the handover of three 1,250-tonne capacity SL16000J-H crawler cranes to its longstanding customer, Japan's MIC Corporation, at the bauma exhibition in Munich last week.
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First for Rapid Response
April 20 - UK based Rapid Response Solutions (RRS) has taken delivery of a 300-tonne capacity hydraulic skidding system, the only one of its kind in Europe, from Canadian manufacturer Hydra-Slide.
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Work starts on Khalifa pipes facility
April 19 - Al Gharbia Pipe Company (Al Gharbia) has started construction of a new pipe manufacturing facility at Khalifa Industrial Zone Abu Dhabi (Kizad).
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'Difficult times' for Grieg Star
April 19 - Grieg Star states that its open hatch shipping business delivered better results than expected in 2015, posting a loss of USD7 million.
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Rickmers considers ship management merger
April 18 - Rickmers Holding and E.R. Capital Holding are reviewing a potential merger of their respective ship management units - Rickmers Maritime Services and E.R. Schiffahrt.
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Goldhofer launches ADDrive
April 18 - Goldhofer unveiled its first heavy-duty drive unit - the ADDrive - at the bauma exhibition in Munich last week, which it claims combines the benefits of a towed module and self-propelled module.