Latest business news – Page 9
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NewsFred. Olsen Ocean divests stake in United Wind Logistics
Fred. Olsen Ocean has agreed to sell its 50 percent stake in United Wind Logistics (UWL) to United Heavy Lift (UHL).
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NewsHapag-Lloyd sceptical about 2025 due to geopolitical uncertainty
Container shipping group Hapag-Lloyd posted an improved revenue and EBITDA in 2024, although its group profit is down. Looking forward, it highlighted the impact that geopolitical uncertainty could have on its operations.
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NewsHendrik Veder Group and DSF sign merger
Hendrik Veder Group, a supplier of steel wire rope and synthetic rope products, and Dutch Steel Fabricators (DSF) have signed a merger following several years of collaboration.
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NewsNTG snaps up DTK
Nordic Transport Group (NTG) has acquired 100 percent of the shares in Denmark-headquartered DTK.
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NewsQ3 Group and Autokrane Schares establish SQ3
Q3 Group, based in the Netherlands, and Germany-based Autokrane Schares have come together to establish a joint venture called SQ3 Group.
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NewsBoskalis sees another record year
Dutch offshore engineering contractor Boskalis enjoyed a record year in 2024, with revenue marginally up, EBITDA and net profit both up 30 percent, and the orderbook up 16.66 percent on 2023’s financial figures. The company will also appoint a new ceo in April
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NewsCeva cuts ribbon on Paris office
Ceva Logistics has cut the ribbon on a new office in Paris, France.
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NewsAllelys opens Felixstowe office
UK-based heavy transport specialist Allelys has opened a third office in the UK, in Felixstowe.
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NewsTiong Woon secures Saudi frame agreement
Tiong Woon (TWC) Saudi Arabia has entered into a frame agreement with Samsung E&A Saudi Arabia in a bid to boost its visibility in the country.
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Newspewag to offer one-stop solution for UK customers
Chain manufacturer pewag UK is joining forces with Modulift by pewag and LMS by pewag to provide its UK customers with a one-stop solution for all their lifting needs.
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NewsLauritzen Bulkers acquires Alexander & Blake
Denmark-based Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake.
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NewsProject logistics firms enter 2025 with tempered expectations
The latest BHV Bremische Hafen und Logistikvertretung’s project logistics monitor shows a cautious outlook for the sector in 2025. Uncertainty surrounding trade policies, rising costs, and supply chain disruptions weigh heavily on expectations.
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NewsEllevo-Q launched in Qatar
Ellevo Group signed an exclusive, long-term joint venture partnership with Petrofac Qatar (PETRO-Q).
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NewsMilitzer & Münch expands in Asia
Logistics firm Militzer & Münch has added to its presence in Asia by expanding its network to include Taiwan.
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NewsBertling completes Indonesian office move
Bertling Logistics has completed its office move in Jakarta, Indonesia, with its employees now fully operational at the location.
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NewsJAS Projects launches transport engineering arm
JAS Projects has launched a transport engineering services arm, a move that it says significantly widens its service portfolio.
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NewsGPLN celebrates 20th AGM
Global Project Logistics Network (GPLN) has concluded its 20th AGM, which took place February 14-16, 2025, at the Westin Grande Sukhumvit Hotel in Bangkok, Thailand. 150 delegates from 40 countries attended the event.
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NewsUnsworth opens Liverpool branch
Freight forwarder and customs brokerage firm Unsworth has expanded into the UK’s Northwest region by opening a branch in Liverpool.
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NewsEMO Trans acquires ASF
EMO Trans has acquired its long-standing agent and partner in Romania, ASF.