Latest business news – Page 178
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ArcelorMittal chooses PKP for super-long lines
March 11 - Poland headquartered rail freight specialist PKP Cargo Logistics has started handling 120 m long steel railway lines on behalf of ArcelorMittal, the world's largest steel producer.
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Sea Star and Horizon face the music
March 11 - Sea Star Line LLC and Horizon Lines LLC will pay a USD3.4 million settlement to resolve allegations that they violated the False Claims Act when they knowingly fixed the price of government cargo transportation contracts between the USA and Pue
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Antwerp goes on the road with steel and breakbulk
March 10 - The Port of Antwerp is taking its roadshow to China once more visiting Shenzhen, Shanghai and Ningbo with the emphasis on promoting its services for the steel and breakbulk sectors.
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Jumbo ramps up for Huisman
March 7 - Jumbo's heavy lift vessel Jumbo Vision has carried a pipe laying ramp for Huisman from the manufacturer's quay in Schiedam, the Netherlands to Sovik in Norway.
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ENTREC fixes funds
March 7 - ENTREC Corporation has closed a new USD240 million senior secured asset-based credit facility, the ABL Facility, with a syndicate of lenders led by Wells Fargo Capital Finance Corporation Canada.
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Mammoet opens in Cairo
March 6 - Following the establishment of a new branch in Baku, Azerbaijan, Mammoet has also opened an office in Cairo, Egypt.
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CNCo completes acquisition of Pacifica
March 6 - The China Navigation Company (CNCo) has completed the purchase of Pacifica Shipping from New Zealand's Skeggs Group of companies.
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Panalpina EBIT on the up
March 5 - International freight forwarding and logistics company Panalpina reported an earnings before interest or taxes (EBIT) of CHF48 million (USD54 million), or CHF108 million (USD121 million) when adjusted for non-recurring items, which is more than
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Mohr to retire from Port of Everett
March 5 - The Port of Everett's executive director, John Mohr, has announced that he plans to retire from the position in January 2015.
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ABP petitions against ABLE renewables project
March 4 - Associated British Ports (ABP) has petitioned against the decision by the British transport secretary, Patrick McLoughlin, to grant a Development Consent Order for the Able Marine Energy Park (AMEP), to the dismay of the park developer, ABLE, an
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AAPA welcomes Obama's bill
March 3 - The American Association of Port Authorities (AAPA) has commended steps taken by President Barack Obama toward increasing the investment in transportation infrastructure, including needed infrastructure in and connecting to America's seaports.
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Boskalis reaches agreement on Fairmount acquisition
March 3 - Royal Boskalis Westminster nv has reached an agreement to acquire Fairmount Marine bv and Fairmount Ocean Towage Company bv from the French group Louis Dreyfus Armateurs.
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Auckland breakbulk on the up
February 27 - The Port of Auckland has achieved record efficiencies and volumes for the six months ending December 31, 2013.
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Kalitta launches service to Amsterdam
February 27 - Effective March 9, Kalitta Air LLC is launching a twice weekly B747-400F scheduled service routing New York - Amsterdam - New York in cooperation with Inter Aviation Services (IAS) and HAE Group.
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Cuxport's berth 4 gets go ahead
February 25 - A memorandum of understanding (MOU) has been signed for the construction of berth 4 at the Cuxport terminal in Cuxhaven, Germany.
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Kings Transport buys Walkers Haulage
February 25 - In Australia, Kings Consolidated Group has announced the acquisition of New South Wales-based haulage business, Walker's Haulage.
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Liebherr crane aids Able's expansion
February 24 - The arrival of a Liebherr LHM600SHL mobile harbour crane at the Able Seaton Port has marked a major step forward in Able UK's expansion of its port facilities on the Tees and Humber.
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Toll to power up Santos
February 24 - Toll Group has been awarded a suite of contracts with oil and gas producer Santos, with a forecasted revenue in excess of AUD275 million (USD247 million) over five years.
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Chipolbrok adds four
February 20 - Chipolbrok has signed a contract with Shanghai Shipyard for the construction of four 32,000 dwt heavy lift vessels, for delivery to the company in 2015 and 2016.