Latest business news – Page 94
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NewsISS Global Forwarding acquires Titan
ISS Global Forwarding Italy has acquired Titan Project & Logistic, effective March 1, 2019.
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NewsMarmedsa expands Houston facilities
Noatum Maritime, through its Marmedsa Oil & Gas division, has expanded its capacity in the USA by opening a larger warehouse in Houston.
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NewsUECC signs newbuilding contract
United European Car Carriers (UECC) has signed a contract for the construction of two new generation pure car and truck carriers (PCTC) with China Ship Building Trading and Jiangnan Shipyard.
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NewsDNV GL qualifies QUAD method
Heerema Marine Contractors (HMC) has received a DNV GL technology qualification certificate for its QUAD lifting method, which has been established to install and/or remove oversized topsides or jackets.
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NewsDP World commits to Kazakhstan
Dubai-headquartered DP World has reaffirmed its intention to invest in new port and logistics infrastructure in Kazakhstan, following the signing of two framework agreements relating to special economic zones (SEZ) in Aktau and Khorgos.
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NewsITI establishes UK subsidiary
Industrial Training International (ITI) has established a Birmingham-headquartered subsidiary in the UK.
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NewsWallenius Wilhelmsen joins CSA 2020
Wallenius Wilhelmsen has joined the Clean Shipping Alliance 2020 (CSA 2020), increasing the organisation's membership to 35 shipowners operating a combined fleet of almost 2,500 vessels.
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NewsOpportunities in emerging markets
The logistics industry forecasts that emerging markets will grow at a healthy rate of 5 percent in 2019 but many executives are bracing for a crisis, according to Agility’s emerging market index.
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NewsBoskalis to sell Kotug Smit
Royal Boskalis Westminster and Kotug International have signed a letter of intent (LOI) to sell its joint venture Kotug Smit Towage to the Boluda Group.
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NewsC.H. Robinson acquires Space Cargo
C.H. Robinson has acquired the Space Cargo Group, which provides freight forwarding, Customs brokerage and logistics services in Spain and Colombia, for approximately USD48 million.
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NewsLaso opens in Germany
Portugal’s Laso Transportes has established a German subsidiary, Laso Deutschland.
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NewsDutch court rules on Fairstar
Last month, an Amsterdam court ruled that the former directors of Fairstar Heavy Transport must pay compensation to the owners of the company, following the purchase of a semi-submersible vessel.
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NewsPanalpina reports positive results, as shareholders grapple for control
Panalpina has reported positive annual results, amid ongoing internal discussions over shareholder voting rights.
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NewsHigh five for Vladivostok
The Commercial Port of Vladivostok, part of the Fesco Transportation Group, will receive five port cranes in 2020.
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NewsToll Group unveils vessel duo
Australia’s Toll Group has unveiled its latest general cargo vessel, Victorian Reliance II, at a naming ceremony at Webb Dock in Port Melbourne.
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NewsMixed impact from existing US tariffs and shifting deadlines
Asian shares improved dramatically this week on the news that the USA could delay a planned tariff increase on Chinese goods.
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NewsCalifornia readies for offshore wind energy
Domestic and international companies are looking to California’s offshore wind energy potential, as the first phases of a federal leasing process are put in place.
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NewsGrimaldi picks Telespazio for communications upgrade
The Grimaldi Group has signed two contracts with Telespazio for the upgrade of its satellite communications systemson its fleet of cargo and passenger vessels.