Latest business news – Page 172
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Bad shipping loans threaten German banks
July 22 - A report published by the International Monetary Fund (IMF) claims that bad loans in the shipping sector held by German banks pose a concern to the country's overall banking system, ahead of the European Central Bank's upcoming Comprehensive Ass
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AAPA elects new chair
July 22 - The American Association of Port Authorities' (AAPA) board of directors has elected Kristin Decas, ceo of California's Port of Hueneme, as incoming chair for its 2014-2015 activity year.
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UTC ups Azeri operations
July 22 - UTC Overseas has restructured its Baku-based Azerbaijan operation from UTC Overseas Ltd to UTC Caspian Ltd.
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ICS appeals to Paris MOU
July 22 - The International Chamber of Shipping (ICS) has written to the Paris MOU (memorandum of understanding) in order to draw attention to the global shipping industry's serious concern with respect to the sulphur emission control area (ECA) implement
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Dachser takes over in South Korea
July 21 - In South Korea, Dachser has rebranded as Dachser Korea Inc following its acquisition of the remaining 50 percent of the shares in MGI & Dachser Inc, which was established in 2006, and moved into new offices in Seoul.
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ANL in for Perkins service
July 21 - ANL has reached agreement with Toll to take over the Perkins International Service from Toll effective early August 2014. The service which currently runs two vessels between Darwin, Dili and Singapore carries a mixture of container, breakbulk a
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Further expansion for consortia and alliances, says Drewry
July 21 - The formation of 2M is only the conclusion of the latest round of mega-alliance negotiations. Much more lies ahead, says Drewry Maritime Research.
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Ainscough buys a dozen
July 17 - UK based crane hire company Ainscough Crane Hire has added a mixture of 12 new Liebherr LTM1060-3.1 and LTM1100-5.2 cranes to its fleet as part of its ongoing investment and growth strategy.
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SOHAR looks to Singapore
July 17 - SOHAR Port and Freezone has announced its intention to strengthen economic interests with global shipping powerhouse, Singapore.
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TNT acquires Rent-A-Crane
July 16 - TNT Crane & Rigging has purchased the assets of Oklahoma based Rent-A-Crane.
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Wind power growth stable
July 15 - New analysis by the Worldwatch Institute shows that double-digit growth continued in the global wind energy market in 2013.
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Sarens rebrands in America
July 15 - Sarens USA and Sarens Canada have become the official trade names under which the Sarens Group will market its services in North America, replacing the previous names of Rigging International and Canada Crane Services.
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Blue Water and DONG cooperate
July 14 - DONG Energy has entered into an agreement with Blue Water Shipping to expand the two companies' existing lease agreement in the Port of Esbjerg.
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New semi-sub for Coscol
July 11 - Coscol (HK) Investment and Development Co. has signed a contract with Guangzhou Shipyard International Co. for the construction of a new 90,000 dwt semi-submersible vessel.
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Nicaragua Canal route unveiled
July 8 - The Nicaraguan government and the company behind plans to build the proposed canal to link the Pacific and Atlantic, Hong Kong Nicaragua Development (HKND) Investment Co., have settled on a route.
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ThyssenKrupp steels the show
July 7 - ThyssenKrupp Steel Europe has begun the modernisation of its Duisburg-Bruckhausen steel plant.
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Bahri-Vela merger approved
July 4 - General cargo carrier National Shipping Company of Saudi Arabia (Bahri) has obtained the approval of its extraordinary general assembly to merge with the fleet and operations of Vela International Marine Limited.
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Outlook for air cargo stabilises
July 4 - The International Air Transport Association (IATA) released data for global air freight markets showing air cargo growth accelerated in May, with 4.7 percent growth compared to a year ago.
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KVH acquires Videotel
July 4 - KVH Industries has acquired Videotel, a market leader in the provision of maritime training services via video, animation, e-Learning computer-based training (CBT) and interactive distance learning courses.