Latest business news – Page 177
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Esbjerg breaks records for third year running
March 26 - Denmark's Port of Esbjerg reported record-breaking revenue and profit for the third consecutive year in 2013, reflecting high activity in its three main business areas - ro-ro, oil and gas and offshore wind.
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Port of Hull gets the green light
March 26 - Siemens has confirmed that it will be investing GBP160 million (USD264 million) in wind turbine production and installation facilities at Associated British Ports' (ABP) Port of Hull.
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Canaveral extension starts in April
March 25 - The widening and deepening of Canaveral Harbor will begin during April and is scheduled for completion during November 2014.
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Agility posts 2013 results
March 25 - For the full year ended December 31, 2013, Agility's net profits stood at KD46.2 million (USD164.1 million), which is an increase of 37 percent over the full year of 2012.
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MeteoGroup rebrands globally
March 21 - MeteoGroup, a leading global weather business, has revealed a new logo and tagline "Empowering the world to master the weather" as part of its company rebrand.
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CSA urges ice breaker investment
March 21 - The Canadian Shipowners Association (CSA) is extremely concerned that Canada's ice breaker fleet will not be able to create and maintain the routes needed to move key cargo to Canadian and American industries.
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EPC round up - March 21, 2014
March 21 - Here is a round up of some of the most important developments in the engineering, procurement and construction (EPC) sector from the past week.
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Manston could close in three weeks
March 21 - According to a BBC report, Kent's Manston Airport could be closed as early as April 9, 2014 says its chief executive Charles Buchanan.
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AGM regulations for North American entry
March 19 - Inchcape Shipping Services (ISS) has advised on Asian Gypsy Moth (AGM) regulations for vessels arriving at North American ports during summer 2014, as issued by the US Department of Agriculture and Canadian Food Inspection Agency,
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WSS invests in Asia
March 19 - Wilhelmsen Ships Services (WSS) is expanding it network of supply points across Asia in response to an increasing level of oil and gas exploration and production in the region.
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BNSF to invest USD5 billion
March 17 - BNSF Railway Company (BNSF) has revealed a USD5 billion capital commitment plan for 2014, up USD1 billion over its 2013 capital spend.
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Air Partner names interim cfo
March 17 - UK based charter broker Air Partner has named Neil Morris as interim chief financial officer (cfo) with effect from April 1, 2014.
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Allianz says shipping losses decline, but emerging risks pose serious challenges
March 14 - Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, coming in below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty SE's (AGCS) second annual Safety and Shipping
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Ahlers sees Indian potential
March 13 - Ahlers India has celebrated 10 years of successful trading in the country by generating revenues of USD24.75 million during its 2013 financial year.
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Boskalis breaks records in 2013
March 13 - Royal Boskalis Westminster - the Netherlands based dredging and marine contractor - posted a record net profit of EUR366 million (USD511 million) in 2013, up from EUR249 million (USD347.7 million) in 2012.
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Air Charter Service Group, Hangar 8 merger talks end
March 13 - Merger talks between the Air Charter Service Group (ACS) and Oxford-based aircraft management company Hangar 8 have been terminated, ACS confirmed today..
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Royal Arctic Line reports deficit
March 12 - A 9.1 percent decrease in freight volumes to and from Greenland has resulted in Royal Arctic Line posting a loss before tax and minority interests of DKK20 million (USD3.7 million) and DKK14million (USD2.6 million) after tax for 2013.
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DHL's Forwarding and Freight division results hit by challenging business environment
March 12 -In Deutsche Post DHL's (DPDHL) 2013 results, announced earlier today, the companies Global Forwarding and Freight division was highlighted as the weaker performer in what was largely a successful year for the group.
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PSA Marine enters PB Sea-Tow talks
March 11 - Hong Kong headquartered Pacific Basin Shipping Limited has entered into discussions with PSA Marine to divest its harbour towage, offshore towage and infrastructure support business, PB Sea-Tow.