Latest business news – Page 35
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The possible fallout for international shipping
The immediate impact of Russia’s invasion of Ukraine on the world economy and container shipping is thus far fairly small, but that could change quickly, according to maritime analyst Drewry.
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AN-225 damaged in Ukraine
Reports suggest that the world’s largest aircraft – Antonov’s AN-225 Mriya – has been destroyed during Russia’s invasion in Ukraine.
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The Heavy Lift Awards heads to Hamburg for 2022
HLPFI is excited to announce that the Heavy Lift Awards is returning for the fourth time. This year, the event is heading to Hamburg, Germany, on September 22, 2022.
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DSV stops all Ukrainian activities
DSV has stopped all activity in Ukraine until further notice. “The shutdown of operations encompasses the entirety of Ukraine, including all offices in Ukraine, which are closed indefinitely to avoid unnecessary risk and keep our employees safe,” said the Danish forwarder.
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Slight progress for Cargotec and Konecranes merger
The European Commission has conditionally approved the planned merger between Cargotec and Konecranes.
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BIC and FIATA join Cargo Integrity Group
The Bureau International des Containers (BIC) and the International Federation of Freight Forwarders Associations (FIATA) have joined the Cargo Integrity Group.
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Antonov Airport under attack
The Ministry of Internal Affairs (MIA) of Ukraine has confirmed that Russian military forces have attacked Antonov (Hostomel) Airport, a major air cargo hub in the country. By Rebecca Jeffrey.
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On the edge
The February 22 decision by Russia to recognise separatist regions of Eastern Ukraine as independent was a dramatic escalation of a crisis that has been growing since 2014. A large-scale incursion into Ukrainian territory will result in unnecessary and unwanted bloodshed, and Russia’s violation of Ukrainian sovereignty has provoked international outrage.
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Blue Water bolsters Guyana operation
Blue Water Shipping has acquired Guyana-based Falcon Logistics.
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Bay Crane acquires Capital City
USA-based Bay Crane has acquired fellow crane and rigging service provider Capital City Group.
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Almajdouie Logistics tackles heavy lift challenges
Saudi Arabia’s Almajdouie Logistics completed several impressive projects in 2021, demonstrating its expertise in handling heavy and oversized cargo.
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Blue Water opens Darwin office
Blue Water Shipping has expanded its presence in Australia with the opening of an office in Darwin, which will be headed by Jeff De La Pair.
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Broshuis recovers from cyberattack
Dutch trailer manufacturer Broshuis has recovered from an aggressive ransomware cyberattack and is back up and running.
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LEEA unveils webinar schedule
The Lifting Equipment Engineers Association (LEEA) has scheduled a series of free to view, sector-specific webinars that will take place throughout 2022.
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Confidence returns to offshore rig market
Respondents to a survey from Esgian Rig Services believe that Brent crude prices will continue to rise, and that optimism is returning to the offshore drilling sector.
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FID for South Fork Wind
South Fork Wind, a 50:50 joint venture between Ørsted and Eversource, made a positive final investment decision (FID) on its 130 MW offshore wind farm in New York, USA.
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Business booming at Röhlig
Röhlig Logistics reported the strongest results in its history for the 2021 financial year.
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Fred. Olsen Windcarrier plots IPO
Fred. Olsen Windcarrier plans to launch an initial public offering (IPO) of new shares and apply for a listing on the Oslo Stock Exchange.
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Rhenus adds Xi’an office
Rhenus is expanding its network with a branch office in Xi’an in Shaanxi province, China.
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Blue Water adds charter vessels for Lihir work
Blue Water Shipping Energy & Projects has introduced three dedicated time charter vessels to service Newcrest Mining’s operations in Lihir in Papua New Guinea.