Latest business news – Page 176
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Wasa becomes DSV
April 17 - Having been acquired by DSV Air & Sea Oy three years ago, Finland's Wasa Logistics is to change its official name to DSV Air & Sea Projects Oy (DSV Projects Finland) on May 1, 2014.
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Projects and contracts - April 17th 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 a Technip Heerema consortium secure a USD3.5 billion contract offshore Angola, the NADB providing finance to Mex
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ENTREC lowers 2014 revenue expectations
April 14 - ENTREC Corporation has reduced its expectations regarding revenues for 2014, blaming lower levels of equipment utilisation, which it expects to continue into the second quarter of 2014. These reduced expectations primarily relate to the timing
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Fairmount tows Sevan Louisiana
April 14 - Fairmount Marine's Fairmount Sherpa has towed the ultra deep water rig Sevan Louisiana over 18,500 km from Singapore to Cura
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Loomis to buy VIA MAT
April 14 - Loomis AB has entered into an agreement to acquire 100 percent of the shares in Zurich-based VIA MAT Holding AG, which has an enterprise value of approximately CHF200 million (USD227.3 million)
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Dynamar says PCC/PCTC fleet is growing while conventional ro-ro lags
April 14 - A new study from Dynamar, "Deepsea Ro/Ro Shipping - Operators, Ships & Trades (2014), detailing conventional ro-ro vessels and vehicle carriers operating in the sector, found that while the conventional deep sea ro-ro fleet is contracting, the
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Liberum recommends Air Partner
April 14 - Investment banking consultant Liberum has issued a report about Air Partner, stating that UK based air charter broker has shown good underlying performance in its latest financial results.
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HSH Nordbank suffers heavy losses
April 11 - HSH Nordbank, one of the world's largest maritime lenders, revealed that it lost EUR814 million (USD1.13 billion) during its 2013 financial year, up from EUR124 million (USD172 million) in 2012.
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Cargolux to fly to Zhengzhou
April 11 - After operating a series of charter flights, Cargolux Airlines International SA will begin regular scheduled services between Luxembourg and Zhengzhou - the capital of Chinese province Henan - on April 24.
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ALE buys ECR Group
April 9 - UK headquartered ALE Heavy Lift has acquired the majority of shares in ECR Group. The acquisition follows a successful joint venture between the two companies.
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New Brazilian office for Bellville Rodair
April 8 - OIA Global has opened a new Bellville Rodair International office in Sao Paulo.
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Gothenburg reveals Master Plan
April 8 - The Port of Gothenburg has revealed its new Master Plan that will govern infrastructure spending at the Swedish gateway until 2035.
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Saltchuk makes Tropical acquisition
April 8 - A subsidiary of Saltchuk Resources has entered into a binding purchase and sale agreement to acquire Tropical Shipping and its related transportation, consolidation and cargo insurance companies.
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Projects and contracts - April 4th 2014
Here is a round up of some key developments in the engineering, procurement and construction (EPC) sector from the past week, including a QDVC-led JV winning a large motorway construction project and Wood Group securing retrofit projects in Australia.
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AmQuip chooses Terex
April 2 - At the CONEXPO in Las Vegas, AmQuip Corporation placed an order for a Terex Superlift 3800 crawler crane and 24 Terex RT 555-1 rough terrain cranes.
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Project shipping comes under pressure
April 2 - Following a tough 2013 the multipurpose shipping sector looks set to bounce back this year, according to Drewry Maritime Research's latest Multipurpose Shipping Market Review and Forecaster report. However, the project cargo market faces an uphi
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Further consolidation for container shipping, says Fitch
March 31 - Fitch Ratings says that consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure.
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Bishop acquires Delta
March 28 - SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, has completed the acquisition of Houston headquartered Delta Rigging & Tools.