Latest business news – Page 194
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Steder delivers pipes for port project
January 30 - Netherlands based member of the Worldwide Project Consortium (WWPC) network, Steder Group, has organised the shipment of approximately 26,000 tonnes of land and sinker lines from China to Doha, Qatar.
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Chinese jumbo air freighters take to the sky
January 30 - China has conducted a successful flight of its first domestically developed jumbo air freighter, according to China's official state news agency Xinhua.
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Spring ruling for Virginia port privatisation
January 23 - The decision regarding the privatisation of the Virginia, USA, Hampton Roads port is expected to be made during the spring, according to the Virginia Port Authority.
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Cargolux performs above expectations
January 23 - Cargolux Airlines, Europe's largest all freighter operator, is anticipating that losses in 2012 will be lower than initially forecast.
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Dachser strengthens in Spain
January 21 - Global logistics provider Dachser has acquired Spanish air and sea freight logistics provider, Transunion.
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Mechel strengthens distribution network with Vanino acquisition
January 16 - One of Russia's leading mining and metal companies Mechel OAO has acquired a 55 percent controlling stake in Vanino Sea Trade Port OAO in a deal reportedly worth RUB15.5 billion (USD510.1 million).
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Airland Projects moves African cargoes
January 15 - Airland Projects A/S of Denmark was recently contracted to organise the transport of 600 iron ore rail wagons from China to Sierra Leone.
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Agility releases Emerging Markets Index 2013
January 15 - Today, global logistics provider Agility published its Emerging Markets Index 2013.
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Boskalis is successful with equity bid
January 14 - Further to our report on January 9, Royal Boskalis Westminster nv (Boskalis) has announced that its attempts to raise EUR 320 million of equity at a price of EUR33.00 per ordinary share has been successful.
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C.H. Robinson Project Logistics joins PCN in Canada
January 10 - C.H Robinson Project Logistics has joined the Project Cargo Network (PCN) representing Canada. Headquartered in Calgary, C.H. Robinson Project Logistics specialises in the transport of over-dimensional and heavy lift shipments.
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Boskalis secures financing for Dockwise offer
January 9 - At the end of December, Royal Boskalis Westminster announced that it was making an all-cash offer for the issued and outstanding ordinary shares in shipping line Dockwise of EUR18.5 per share.
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Rickmers-Linie goes alone in Singapore
January 9 - Rickmers-Linie has established a new division - Rickmers-Linie (Singapore).
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KGL and AXL complete Afghan project
January 7 - Kuwait-headquartered KGL Logistics, in co-operation with AXL Logistics Karachi (AXL), has transported almost 5,000 tonnes of steel structures and building materials for a cold drinks manufacturing facility in Kabul, Afghanistan for client Alok
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SC&RA hosts Specialized Transportation Symposium 2013
January 4 - The Specialized Carriers & Rigging Association (SC&RA) will be hosting the Specialized Transport Symposium in Orlando, USA, between February 27 and March 1, 2013.
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BNSF Logistics acquires EP-Team
January 2 - BNSF Logistics has acquired Texas-based global logistics project cargo provider EP-Team Inc.
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BNSF Logistics acquires Albacor Shipping
December 31 - BNSF Logistics has acquired Albacor Shipping, the Toronto, Canada-based international global project and general cargo provider with locations across North America, Europe and Russia.
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Panalpina expects goodwill impairment
December 28 - Due to the loss of a major customer in Norway, Switzerland-headquartered forwarder Panalpina has reviewed the goodwill position relating to its acquisition of Norwegian company Grieg Logistics in 2011.
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Coscol confirms shipping pool expansion ambitions
December 28 - Cosco Shipping (Coscol) has confirmed that it is seeking to expand the pool of specialist semi-submersible vessels created earlier this year by adding ships from mainland Chinese or non-Chinese shipping companies.
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Boskalis Dockwise takeover update
December 21 - Royal Boskalis Westminster has made a further voluntary all-cash offer of EUR18.5 per share for the issued and outstanding shares in Dutch shipping line, Dockwise.
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InterRail targets Caucasus region
December 20 - InterRail Holding - the Switzerland-headquartered provider of rail-based freight services in the Euro-Asian corridor - is set to acquire 50 percent of the shares in Azerbaijan-based railway services provider, AzerRail Baku.