Latest business news – Page 95
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NewsDP World re-acquires P&O Ferries
DP World has purchased P&O Ferries, the holding company of P&O Ferries and P&O Ferrymasters, in a deal valued at approximately USD421 million.
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NewsHess expands fleet with Liebherr
Düsseldorf, Germany-based Hess has expanded its fleet with the addition of a Liebherr LTM 1090-4.2 mobile crane.
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NewsABC adds Dhaka call
AirBridgeCargo Airlines (ABC) has expanded its international network with the addition of Dhaka, Bangladesh to its Asian services.
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NewsTerex waves goodbye to Demag
Terex has agreed to sell its Demag mobile cranes business unit to Tadano for approximately USD215 million.
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CSA 2020 disappointed with EC scrubber proposal
The Clean Shipping Alliance 2020 (CSA 2020) has expressed concerns over the European Commission’s (EC) proposal to the International Maritime Organisation (IMO) regarding the use of exhaust gas cleaning systems.
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NewsABC inks Jettainer agreement
AirBridgeCargo Airlines (ABC) has signed a leasing agreement with Jettainer for the provision of unit load devices (ULD) to support the airline's transportation of special cargoes.
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NewsAir Charter Service on the up in LAX
Air Charter Service (ACS) has expanded its office size in Los Angeles as it continues its investment in California, USA.
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NewsEMEA renewables to build on positive 2018
The latest data released by the Global Wind Energy Council (GWEC) shows that Africa and the Middle East installed 962 MW capacity of onshore wind power in 2018, an increase of more than 300 MW compared to 2017.
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NewsSetramar sells multipurpose unit
International law firm Watson Farley & Williams (WFW) has confirmed that it advised Italy's Armamento Setramar, part of the Setramar Group, on the sale of its vessel Pietro Benedetti.
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NewsGTI acquires Precision Specialized Division
Canada’s GTI Transport Solution has acquired Precision Specialized Division (PSD), the heavy haulage arm of Precision Truck Lines.
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NewsDelta Cargo rebrands products
Delta Cargo has rebranded its international product offering to align with global airline alliance SkyTeam Cargo, of which it is a member.
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NewsPeel Ports invests in Great Yarmouth
The UK’s port of Great Yarmouth, part of the Peel Ports group, has taken delivery of an LHM280 mobile harbour crane from Liebherr.
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NewsTiong Woon sets up in Bangladesh
Singapore-headquartered Tiong Woon Corporation has established a wholly owned subsidiary in Bangladesh.
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NewsSlowing growth threatens shipping
As the International Monetary Fund (IMF) revises its predictions for global growth in 2019 and 2020 - down to 3.5 percent and 3.6 percent respectively - BIMCO says the risks are piling up for the shipping industry.
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NewsARRC names TSL as agent
Atlantic Ro-Ro Carriers (ARRC) has appointed TSL Shipping & Trading as its sales agent in the US Gulf.
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NewsWWPC concludes 19th annual conference
The Worldwide Project Consortium (WWPC) has concluded its 19th annual membership conference in Muscat, Oman.
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NewsTRACE launches e-Gov portal
Anti-bribery trade association TRACE International has launched its e-Gov Portal.
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NewsDSV ups Panalpina bid as Agility enters the fray
Panalpina’s board of directors confirmed that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF180 (USD178.9) per share, all in cash.
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NewsBolloré and Cosco strengthen ties
Bolloré Transport & Logistics and Cosco Shipping Lines have signed a memorandum of understanding (MoU) to strengthen their commercial relationships, while exploring new opportunities for cooperation in transport, logistics and port infrastructure.
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NewsCMA CGM launches Ceva takeover
France-based container shipping giant CMA CGM launched its USD1.65 billion public tender offer for Switzerland-headquartered Ceva Logistics on February 12.