Latest business news – Page 175
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The Friday Flyer - May 9th 2014
This week's round up of news from the world of heavy lift and project forwarding.
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Wilhelmsen operating profit declines
May 8 - Despite a stable top line, Wilh. Wilhelmsen Holding ASA (WWH) posted a decline in operating profit in the first quarter of 2014, due to weaker profitability in the group's shipping and logistics activities.
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Agility posts profit progress
May 8 - Agility posted a net profit increase of 11 percent at KD11.24 million (USD40 million) in the first quarter of 2014 compared with the same period of 2013.
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Terex ups Indonesia's floating crane capacity
May 7 - Terex Port Solutions (TPS) has strengthened its presence in Indonesia, with the order of three further Terex Gottwald Model 8 floating cranes from Winning Logistics Investments Pte Ltd.
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US report calls for structural repair of bridges
May 7 - An analysis of the 2013 National Bridge Inventory database released by the US Department of Transportation (USDOT) has found that more than 63,000 bridges in the USA are in need of structural repair.
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Transitex Italia eyes sub-Saharan projects
May 6 - Spanish freight forwarding group Transitex has established a new division in Genoa - Transitex Italia - specialising in project cargo and reefer logistics.
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Logwin improves operating margin in first quarter
May 5 - The Logwin Group has reported revenues of EUR278.5 million (USD386.5 million) for the first quarter of 2014, a significant decrease on the EUR320.7 million (USD445million) achieved in the same period of 2013, which the company says is due to dives
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Manitowoc sees crane sales slip
May 2 - Manitowoc Company reported Q1 2014 sales of USD850 million, down 5 percent year-on-year over Q1 2013.
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Projects and contracts - May 2nd 2014
Here is a round up of some key developments in the engineering, procurement and construction (EPC) sector. In the past seven days we have seen Saipem secure a USD1.8 billion deal for Stage 2 of the Shah Deniz Project, ICA Fluor win a substantial pipeline
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Cargolux posts raised profits despite stale marketplace
May 1 - Cargolux Airlines International earned a full year net profit of USD8.4 million in 2013, compared with a USD35.1 million net loss in 2012.
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Jack-Up Barge buys self-elevating platform
April 30 - Jack-Up Barge has acquired an Odin self-elevating platform from Hochtief.
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Changes at the top for Rickmers
April 30 - Tommorow (May 1) will see the high profile Ron Widdows step down from his position as chief executive officer of Rickmers Group.
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Rotterdam wins Brazilian business
April 30 - The Port of Rotterdam Authority and TPK (Terminal Presidente Kennedy) Logistica signed a joint venture agreement in Vit
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US report suggests no benefit to developing Arctic shipping
April 29 - There is little benefit to developing shipping infrastructure in the Arctic suggests a new report issued by the U.S. Government Accountability Office (GAO).
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Projects and contracts - April 25th 2014
Here is a round up of some key developments in the engineering, procurement and construction (EPC) sector. In the past seven days we have seen Shenhua Ningmei Coal Group place an order with Siemens Energy for four CO2 compressor trains, Alstom securing a
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Remote Russian move for Tuscor Lloyds
April 24 - Tuscor Lloyds has transported a seven-tonne wheeled loader from the UK to Korsakov in Russia as out-of-gauge cargo, using a 40 ft flat rack container.
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RABT reveals terms of share offering
April 23 - Having turned down a takeover bid from its largest shareholder Kistefos, troubled Swedish shipowner Rederi AB TransAtlantic (RABT) has resolved on terms for its upcoming share issue.
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Greencarrier strengthens Norwegian operations
April 23 - Greencarrier AB, which until now has operated as two separate operations in Norway, has decided to merge its freight forwarding and logistics activities into one entity.
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Cargolux increases share capital
April 23 - At an extraordinary general meeting of Cargolux Airlines International's shareholders, it was resolved to increase the share capital of the airline by USD175 million in cash, in exchange of newly issued common shares.
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Moroccan pipe move for Alliance
April 22 - Alliance Logistics transported 1,153 m of high-density polyethylene (HDPE) pipe from Stathelle, Norway to Mohammadia in Morocco.