Latest business news – Page 9
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NewsSubsea joint venture receives competition approvals
Competition authorities have approved Subsea7, Aker Solutions and SLB’s plans to form a joint venture.
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NewsSAAM sells terminals business to Hapag-Lloyd
Chile-headquartered SAAM finalised the sale of its port terminals and logistics operations to Hapag-Lloyd for approximately USD995 million at the turn of August. SAAM will focus on expanding its towage business.
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NewsSea & Ports completes NAL Maroc acquisition
Sea & Ports Group has finalised the acquisition of NAL Maroc Maritime Agency in Morocco.
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NewsOmega Morgan acquires Intermountain Rigging and Heavy Haul
Oregon-headquartered Omega Morgan has acquired the assets of Intermountain Rigging and Heavy Haul (IRH), the Salt Lake City-based heavy haul and rigging specialist.
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NewsMammoet-Giant Taiwan wins Changhua work
Ørsted Taiwan has selected Mammoet-Giant Taiwan – a joint venture between Mammoet Taiwan’s Giant Heavy Machinery Services – to provide marshalling and lifting services for 66 suction bucket jackets for the Greater Changhua 2b and 4 offshore wind farms.
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NewsTechnip signs MoU with Young Chang and Sarens for South Korean offshore wind
Technip Energies has signed a memorandum of understanding (MoU) with yard infrastructure provider Young Chang Heavy Industry and heavy lift specialist Sarens to collaborate on floating offshore wind energy projects off South Korea.
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NewsFelbermayr to take Rijnmond Logistics stake
Austria-headquartered Felbermayr will acquire a 50 percent stake in the Dutch inland shipping company Rijnmond Logistics Beheer, which is based in Papendrecht.
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NewsMEI acquires heavy haulage and rigging specialists in the Carolinas
MEI Rigging & Crating has acquired Pro-Pac International and J&J Machinery Transport, both based in Charlotte, North Carolina.
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NewsPreparations under way for AntwerpXL
AntwerpXL is returning to the Antwerp Expo in Belgium from November 28-30.
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NewsEU sets binding target for energy reduction by 2030
The European Union has set a legally binding target of 11.7 percent reduction in final energy consumption by 2030 compared to 2020 levels.
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NewsP&S Transportation acquires Rinaudo
P&S Transportation has purchased all substantial transportation assets of Rinaudo Enterprise and Ringo Specialized Hauling.
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NewsCOSCO Shipping Specialized and Guangzhou Salvage form JV
COSCO Shipping Specialized Carriers issued an update on the recently formed joint venture with Guangzhou Salvage on July 27. The entity will control a fleet of what will be 18 semi-submersible vessels.
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NewsSwire Projects expands representation in Asia
Swire Projects, the projects and heavy lift shipping services division of Swire Shipping, has appointed WorldFast and Keystone Logistic as representative agents in South Korea and Japan, respectively.
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NewsWork suspended at Norfolk Boreas due to cost inflation
The UK’s offshore wind energy industry suffered a blow this week when developer Vattenfall said that it suspended work on its 1.4 GW Norfolk Boreas site.
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NewsIneos Project ONE permit cancellation: a blow for Antwerp and Europe
The environmental permit for the billion-dollar Ineos Project ONE has been revoked, dealing a harsh blow for Antwerp’s – and Europe’s – chemical sector.
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NewsBergé joins Logistop to boost logistics innovation
Spain’s Bergé Logistics has joined Logistop – a logistics association that aims to promote the need for innovation among companies involved in the logistics sector.
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NewsFrecon to open Odense office
Danish engineering company Frecon is opening an office at the port of Odense, as it expands its business and network to position itself closer to partners in the wind energy industry.
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NewsMediaco expands with Matthey-Petit acquisition
France-based Mediaco has acquired Switzerland’s Matthey-Petit – an exceptional transport and lifting company.
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NewsCortland Industrial sold to Tufropes
Enerpac Tools Group has completed the sale of Cortland Industrial to Tufropes – a manufacturer of high-performance synthetic fibre ropes and netting solutions.
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NewsCarlbom Shipping rebrands as Pentagon Marine
Pentagon Freight Services is rebranding Carlbom Shipping as Pentagon Marine.