Latest business news – Page 243
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Go-ahead for the London Array
May 18 - In the UK, Gordon Brown's government has welcomed the fact that investors have given the go-ahead for the world's largest offshore wind farm to be constructed in the Thames Estuary. The 1GW London Array wind farm will generate sufficient electric
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SMIT achieves net profit of EUR 28 million in first quarter
May 14 - Net profit for SMIT in the first quarter of 2009 amounted to EUR 28 million, including a net contribution of EUR 10 million from the financial settlement of the 'Thunderhorse' project, without which, net profit from normal operating activities sh
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Dockwise profits up
May 14 - Dockwise has posted revenue of USD33 million for the first quarter of 2009, a 120% rise from USD15 million in the quarter last year, on the back of increased rig shipments.
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Braemar Shipping Services: Best year ever
May 13 - In reporting its best ever annual results ending February 28th, Braemar Shipping Services identified its Cory Brothers, Fred Olsen and Freight Action business units for particular praise.
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Northern Stevedoring Services makes strategic acquisition down under
May 8 - Queensland stevedoring company Northern Stevedoring Services (NSS) has acquired equipment hire company S. Colborne Equipment Hire. NSS has sourced equipment from S. Colborne for over a decade.
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TBS International swings to Q1 loss
May 8 - In its first quarter results, TBS International swung to loss, hurt by a drop in freight rates, sending its shares down as much as 18 percent.
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"K" Line 2008 results helped by positive heavy lift activities
May 7 - The heavy lift shipping business, including the transport of petrochemical plant and infrastructure-related heavy lifts, was one positive note to come out of "K" Line's 2008 results.
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Heavy lift helps Agility to weather economic downturn
May 5 - Kuwait-based forwarder Agility enjoyed strong financial results in Q1 2009 despite the global financial slowdown, says Tarek Sultan, Agility chairman and managing director. Net profit before non-recurring items was KD 39.2m / USD 134.7m, a gain of
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Chapman Freeborn announces new shareholder structure
May 5 - The Chapman Freeborn Group, the world's largest air charter broker, has introduced a new shareholder structure that will take over from current directors in moving the company forward and ensuring future growth.
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Keppel Singmarine loses offshore rig contract
May 4 - Keppel Corp, parent company of Keppel Singmarine, has received notice to terminate work on a USD122 million multipurpose offshore drilling vessel from the contracting oil group GSP Titan Ltd.
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Confident Cory on the move in the UK
April 30 - Project specialist Cory Brothers says it is optimistic about the future as it opens new UK offices to accommodate the company's growth.
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Shortage of capacity hinders tide and wave energy projects
April 29 - Industry observers have said that the potential of marine power as a future source of renewable energy is being undermined by a shortage of vessels that are able to deploy marine devices.
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Nooteboom unveils latest transport solutions
April 27 - Nooteboom continues to remain innovative in its development and production of transport solutions as it unveils its latest models, The Ballast Semi-trailer and The Masttransporter.
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Boosting Brazilian presence
April 24 - HLPFI South American correspondent, Rainbow Nelson reports from the Intermodal South America event which took place in Sao Paulo this week.
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Idled ships return to service
April 23 - After AXS-Alphaliner reported a decrease in idled container ship capacity during the first half of April, the first dip in six months, experts are predicting a surge of overcapacity by the end of the year as seasonal cargo volume increases.
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4th Annual Breakbulk Europe Transportation Conference and Exhibition
April 22 - 'Working Toward Recovery" is the theme of the 4th Annual Breakbulk Europe Conference and Exhibition which will take place in Antwerp between 26-28 May 2009.
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Cargo buoys Air Partner sales in first half
April 22 - Air Partner, a major provider of charter aircraft, reported only a slight drop in turnover in the first half (ending on January 31st 2009) of its 2008/2009 fiscal year, despite the global economic crisis.
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India's Economic Times claims deficient logistics services plague project cargo imports from China
April 20 - According to a report in India's Economic Times, an increasing number of Indian project cargo importers including power plant buyers from China are learning the hard way the inefficiency of the logistics and supply chain management prevalent ou
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Drewry Report says shipping lines must act now to survive
April 17 - According to a Drewry Shipping Consultants report, container shipping lines must act now to survive the crisis in the industry.
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The Eagle lands windpower components as US wind energy market sees more home manufacturing
April 15 - Intermarine's Industrial Eagle has called at the US West Coast port of Olympia, Washington to discharge wind turbine components from Brazil. When discharge was completed, the ship was positioned to the Far East to join the line's intra-Asia ser