Latest business news – Page 2
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NewsACS expands into Saudi Arabia
UK-based charter broker Air Charter Service (ACS) has opened its first office in Saudi Arabia, in Riyadh.
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NewsJSI Alliance expands Iberian presence
JSI Alliance has opened an office in Bilbao in cooperation with Noatum Maritime Services that will handle the commercial representation of its multipurpose and heavy lift fleet and provide port agency services across Spain, Portugal and North Africa.
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NewsMammoet partners with Tugdock to expand TSP use
Mammoet has entered into a strategic partnership with UK-headquartered Tugdock to expand the use of the latter’s submersible platform that has been designed to improve buoyancy, stability, and load-in/load-out operations across marine industries.
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NewsJumbo and Intermoor form strategic alliance to advance offshore projects
Jumbo Offshore and Intermoor have formed a strategic alliance aimed at enhancing services to the offshore oil and gas and floating wind sectors.
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NewsFagioli re-enters UK with Notus strategic partnership
Fagioli has re-entered the UK market through a strategic partnership with Notus Contract Lifting.
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NewsStena strengthens Baltic Sea network with planned port acquisition
Swedish shipping firm Stena Line is acquiring port operator Terrabalt and its operation of the ro-ro, bulk, and general cargo terminal in Liepaja, Latvia’s third-largest port.
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NewsBishop Lifting acquires American Rigger’s Supply
USA-based under-the-jib equipment company Bishop Lifting has acquired American Rigger’s Supply, a sling fabrication and rigging supply firm headquartered in Kansas City, Kansas.
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NewsGebrüder Weiss acquires majority stake in Sienzi Lojistik
Swiss freight forwarder Gebrüder Weiss has bolstered its presence in Türkiye having acquired a majority share in Istanbul-based Sienzi Lojistik.
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NewsACS opens third Australian office
Charter broker Air Charter Service (ACS) opened its third office in Australia, in Perth, at the start of September. Stephen Fernandez will head up the office.
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NewsPermira acquires minority share in RightShip
Global investment firm Permira has become a minority shareholder in RightShip, a maritime digital platform for safety, sustainability, and supply chain due diligence that is headquartered in Singapore.
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NewsTWC posts 2025 revenue and profit growth
Singapore-headquartered heavy lift specialist and service provider Tiong Woon (TWC) reported revenue of USD163.5 million for the 12 months ended June 30, 2025, a 14 percent year-on-year improvement. Net profit for the financial year increased six percent to at USD19.2 million.
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NewsDenzai acquires Kouno stake
Denzai has acquired a major stake in Japan-headquartered Kouno Truck Corporation, a specialist in heavy cargo transport.
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NewsBlue Water expands in Esbjerg
Blue Water Shipping is expanding its premises at the south harbour in Esbjerg, entering into an agreement with the port to take over a 200,000 sq m area that will be incorporated into its wind turbine handling operations.
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NewsProject Cargo Summit returns to Bilbao
The Project Cargo Summit is returning to Bilbao from September 17-18, 2025, bringing together key players from across the project cargo supply chain.
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NewsDP World signs MoU with ITOCHU to strengthen African supply chains
DP World has signed a memorandum of understanding (MoU) with ITOCHU Corporation, one of Japan’s largest trading companies, to expand logistics, supply chain infrastructure, and distribution capabilities in sub-Saharan Africa.
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NewsWR Logistics to open inaugural Spanish office
Project specialist WR Logistics is set to open its first office in Spain next month.
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NewsCore invests in Edwards Moving and Rigging
Private equity firm Core Industrial Partners has taken a stake in USA-based Edwards Moving and Rigging.
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NewsHarlyn to move into historic port of Blyth site
UK-based Harlyn Solutions is moving its headquarters to the former Blyth Harbour Commissioners office, at the port of Blyth.
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NewsPositive H1 2025 for Boskalis
Boskalis reported a strong first half of the year, with all three of its divisions showing substantial increases in their results.
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NewsWallenius Wilhelmsen delivers strong Q2
Ro-ro shipping specialist Wallenius Wilhelmsen reported total revenue for Q2 2025 of USD1.35 billion, an increase of 4 percent quarter over quarter, thanks to an 8 percent increase in volumes offsetting lower freight rates in the shipping segment. The EBITDA for Q2 2025 of USD472 million was an increase of 2 percent quarter over quarter, mainly driven by the shipping segment.