Latest business news – Page 150
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Metro Ports seeks US Gulf growth
December 1 - Brent Mahana has been named Metro Ports vice president - business development, with a special emphasis on growth in the US Gulf region.
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ALC in Cargo Service buy
November 27 - Aarhus Logistics Centre (ALC) has signed an agreement to take over the activities of Cargo Service at the Danish Port of Aarhus.
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Cargolux approves extra pilots
November 27 - Against a background of ongoing discussions with unions regarding a new collective work agreement (CWA), the Cargolux board of directors has agreed a significant expansion strategy for the airline.
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ASEAN-China agreement revised
November 26 - The Association of Southeast Asian Nations (ASEAN) and China have signed an agreement to amend and update the ASEAN-China Free Trade Agreement (ACFTA).
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Steder goes ro-ro
November 24 - Steder Group has transported a Hitachi EX1200 excavator from the customer's quay in the Netherlands to a terminal in Belgium for shipment by ro-ro vessel to South America.
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UGLYcargo launches marketplace
November 23 - UGLYcargo has launched an online marketplace designed to assist shippers in finding an appropriate carrier at competitive prices and support carriers in maximising their load capacity.
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ProvPort plays offshore wind part
November 23 - Deepwater Wind and General Electric (GE) are establishing a new temporary manufacturing facility at Rhode Island's Port of Providence (ProvPort), for the assembly of turbine components for the Block Island wind farm.
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Ship operating costs to rise
November 23 - According to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by Drewry, the cost of operating cargo ships is forecast to rise over the next two years after falling in 2015.
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Rickmers-Linie in 'positive turnaround'
November 20 - Rickmers Group's heavy lift shipping subsidiary Rickmers-Linie recorded a 6.9 percent year-on-year drop in revenue for the first nine months of 2015, but a positive increase in EBITDA (consolidated operating profit before interest, taxes, de
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Nordana Sea to set sail
November 18 - Nordana Sea - the third vessel in a series of six ships to be delivered to Symphony Shipping and subsequently chartered out to Nordana - will be launched by the Ferus Smit shipyard in Leer, Germany on December 11, 2015.
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Everett unveils new budget
November 18 - The Port of Everett Commission has revealed a USD78 million operating and capital budget for 2016.
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States club together in terminal build
November 17 - Georgia and South Carolina's port authorities have signed a joint venture agreement that provides the necessary framework for the two US states to work cooperatively towards the development of the Jasper Ocean Terminal (JOT).
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Townsville inks Indonesian tie-up
November 17 - Australia's Port of Townsville has signed a memorandum of understanding (MoU) with the Indonesia Port Corporation (IPC) to strengthen trade and development opportunities between the respective countries.
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Boskalis outlook unchanged
November 16 - Royal Boskalis Westminster (Boskalis) has posted "good" third quarter results, with quarterly revenue slightly exceeding the average quarterly revenue in the first of the year.
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Agility growth steady in 'soft' market
November 12 - Agility posted a net profit of KWD13.7 million (USD45 million) for the third quarter of 2015, which represents a 5 percent increase compared with the same period of 2014.
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Subsea 7 downscaling plans succeed
November 12 - Subsea 7 has disclosed a bigger fleet reduction plan with six of its ships being laid up in order to reduce the fleet in "subdued markets".
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New Orleans hits high
November 12 - The Port of New Orleans has surpassed the half-million mark for twenty-foot equivalent units (teu) handled over a 12-month period.
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Alstom sells to GE
November 10 - Alstom has closed the sale of its energy activities to General Electric (GE) for approximately EUR12.4 billion (USD13.25 billion).
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Tork talks up new crane
November 10 - Turkish heavy haulier Tork Industrial Logistics Solutions has invested in a new 1,100-tonne capacity Enerpac gantry crane, as well as a Scheuerle Power Booster.
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Manitoulin takes Entrec stake
November 9 - Canada's Manitoulin Transport has made a strategic investment into Entrec Corporation, taking beneficial ownership of approximately 15.4 percent of the issued and outstanding common shares of the company on a non-diluted basis.