Latest business news – Page 239
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3i invests USD161 million in Indian privatised port
February -25-The Indian arm of a major global private equity operation has made a significant investment in one of India's first private sector ports.
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Big turnout for first Asian Breakbulk conference
February -24- Some 1,500 attendees saw the opening of the first Breakbulk Asia Conference and Exhibition held in Singapore.
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Prizes to raise spirits in economic gloom thanks to AirBridgeCargo
February -19- Freight forwarders sending cargo to Russia onboard AirBridgeCargo Airlines' (ABC) flights can win camcorders, cameras and other prizes in the carrier's special 'Spring is in the air' promotion.
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Record year for Wilh Wilhelmsen as high and heavy comes to its rescue
February -12-The Wilh Wilhelmsen (WW) maritime group achieved an operating income of USD3.4 billion in 2008, up by more than 25ompared with 2007's USD2.7 billion.
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Dockwise lightens heavy lift fleet
February -11- Heavy lift shipping line, Dockwise has sold two type IV ships to re-align its fleet with an increasing focus on premium cargoes.
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Heavy lift shippers join US Economic Recovery Advisory Board
February -8- In the USA, the heads of two companies with significant project shipping requirements have joined President Obama's Economic Recovery Advisory Board.
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Smit back on the radar for Boskalis?
February 2009 - Recent press reports have revealed an increased investment by Boskalis Westminster in Smit Internationale.
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Coastal Bulk Shipping blames low-cost haulage
January 29 - The availability of low-cost road haulage has been blamed for the recent entry into administration of UK coastal and shortsea bulk shipping operator, Coastal Bulk Shipping.
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SRT positive about prospects in 2009
January 27 - Bob Felix, president, has moved to reassure the market that its business sector remains bullish and the company staff are confident in the immediate future prospects of the company.
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Andre Grikitis from Intermarine says keep a sharp lookout
January 23 - Writing on Intermarine's website, the company's president and CEO Andre Grikitis says that to date, project carriers have not felt the full effects of a declining worldwide economy.
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Ti offers comprehensive report on North America Logistics 2009
January 19 - A comprehensive report on the state of the transport and logistics market in North America has been published by Transport Intelligence.
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DSV buys stake in DFDS
January 16 - Through an agreement with investment company JL-Fondet (which owns tanker and reefer shipping line J. Lauritzen), fast-expanding Danish global forwarder and logistics service provider DSV has purchased a quarter of Scandinavian ro-ro shipping
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Stricter enforcement against pirates in Straits of Malacca
January 13 - The Royal Malaysian Navy is to place more emphasis on security in the Straits of Malacca this year, in anticipation of a rise in pirate activity expected to arise from the global economic crisis.
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Newbuildings could profit from falling steel price
January 13 - Substantial falls in steel plate prices could produce the first decline in the cost of newbuildings since 2004.
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Deadline nears for new trade Data requirements for US importers
January 02 - U.S. importers already contending with one of the most severe economic downturns of the past century will face yet another challenge beginning later this month, with the start of new regulations requiring additional information about shipment
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BRIC nations to see 40 percent of global growth
December 30 - A recent Ernst & Young report brings a note of optimism to the heavy lift and project forwarding sector.
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Ocean HeavyLift acquires and adopts new name
December 29 - Ocean HeavyLift ASA (OHL has acquired the company that is responsible for the commercial management of its fleet - Offshore Heavy Transport AS (OHT).
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Fairstar Fjell named
December 19 - Fairstar Heavy Transport NV (FAIR) held the naming ceremony of its second heavy transport vessel Fjell in Malta on Friday.
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Wave and tidal projects offer optimism to forwarders
December 18 - Eighty-six MW of wave and tidal current stream capacity will be installed world-wide in the next five years, according to a new survey.