Latest business news – Page 144
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Great Yarmouth secures Siemens-Galloper deal
April 15 - Siemens has selected Peel Ports Great Yarmouth as the assembly and installation base for the offshore Galloper Wind Farm project.
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Kässbohrer back 'home'
April 15 - 23 years after it ceased operations in the city, Kässbohrer has announced that it is re-establishing its presence in its once home town of Ulm, Germany.
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GAC studies Northern Sea Route
April 15 - GAC Russia has teamed up with the Far East Development Fund to address the challenges faced by international shipping companies transiting the Northern Sea Route (NSR), and to make this transport corridor more attractive to ship and cargo owner
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Another two years of misery, says Drewry
April 14 - Drewry predicts that the multipurpose shipping market is not expected to recover until the end of 2017, when it is anticipated that there will be more bulk demand for Handysize tonnage and therefore more breakbulk cargoes for multipurpose vesse
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Vallianz buys out Holmen
April 12 - Through its wholly owned subsidiary Vallianz International, Vallianz Holding has acquired a 75 percent shareholding in Holmen Heavylift Offshore for USD6 million.
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DSV says UTi takeover going well
April 11 - Following its acquisition of UTi, DSV says that its 100 largest clients have all committed to continuing business with the combined group.
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EMS gains Fehn Lyra
April 11 - The 4,500 dwt vessel Fehn Lyra (ex-Fluvius Tamar) has joined the fleet of Fehn Ship Management and will subsequently be chartered by EMS Chartering.
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Zeaborn expands fleet to 34
April 11 - Further to the news reported by HLPFI last week regarding the company's cooperation with Carisbrooke Shipping, Zeaborn has acquired a majority shareholding in the shipping-related companies of the HC Group.
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Braid Logistics penalised for bribery
April 8 - Glasgow based logistics company, Braid Logistics, is to pay GBP2.2 million (USD3.09 million) after self-reporting over bribery and failure to prevent bribery, according to the Civil Recovery Unit of the Crown Office and Procurator Fiscal Service
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Atlas completes Southern swoop
April 8 - In a deal worth USD110 million, Atlas Air Worldwide Holdings has completed its acquisition of Southern Air Holdings.
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HMM takes step in right direction
April 1 - According to reports in the international media, Hyundai Merchant Marine (HMM) is making progress with plans to rescue the South Korean shipping line from bankruptcy.
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Lockheed lands first airship sale
March 31 - Straightline Aviation (SLA) has signed a letter of intent to purchase up to 12 Lockheed Martin hybrid airships with a potential value of approximately USD480 million.
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Bilbao ups project cargo focus
March 31 - According to Uniport Bilbao, SDW Shipping has begun a new monthly service linking the Spanish port with Colombia, Ecuador, Peru, Chile and Bolivia.
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Agility prepares for challenges
March 29 - Agility recorded a net profit of KWD53 million (USD175 million) in the 2015 financial year, a 5 percent increase compared with 2014.
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Zoomlion ups Terex offer
March 24 - Terex Corporation has received a revised non-binding proposal from Zoomlion Heavy Industry Science and Technology to acquire all of the company's outstanding shares for USD31 per share.
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New low in shipping confidence
March 24 - Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from Moore Stephens.
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Year of growth for Cargolux
March 24 - Cargolux Group reported a net profit after tax of USD49 million for 2015, up from USD3 million in 2014, while increasing freight tonne kilometres flown by 8.7 percent.
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Rhenus in German takeover
March 23 - The Rhenus Group has expanded its capacity in the German state of North Rhine-Westphalia through the acquisition of Allgemeine Land und Seespedition (ALS).
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Hapag-Lloyd results on track
March 23 - Hapag-Lloyd achieved a net profit of EUR114 million (USD127 million) in the 2015 financial year, compared with EUR -604 million (USD -674 million) in 2014.
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2016: 'pivotal year' for offshore wind
March 23 - Following a record year for the offshore wind industry, Douglas Westwood (DW) forecasts that there will be fewer capacity additions in 2016, but suggests that the level of projects entering construction and the diversity of locations expected t