All Business articles – Page 46
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NewsCosts set to rise as Sulphur 2020 looms
With the 2020 deadline looming for the IMO’s sulphur cap, the industry is still uncertain about the best path to take for compliance. One thing seems to be assured, however, and that is price hikes for shippers and beneficial cargo owners.
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NewsUSA and China agree tariff delay
The USA has agreed to suspend the increase of tariffs on USD200 billion worth of Chinese goods, which was scheduled to enter force on January 1, 2019, as the two nations take a step towards the development of a longer-term trade accord.
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NewsVerdicts announced in fraud trial
On November 27, verdicts were announced at the UK's Southwark Crown Court regarding logistics activities relating to ConocoPhillips' Jasmine North Sea oil exploration project.
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NewsRhenus PartnerShip acquires inland waterway specialist
Inland waterway shipping specialist Rhenus PartnerShip acquired ČSPL from the ARGO Group earlier this month.
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NewsFranklin Offshore ties up with Lankhorst Ropes
Franklin Offshore International and Lankhorst Ropes (part of WireCo WorldGroup) will collaborate to develop the market for fibre rope slings for heavy lift offshore projects in Southeast Asia.
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NewsEC approves German bank sale
The European Commission (EC) has approved the privatisation of German state-owned HSH Nordbank to a consortium of private equity funds led by J.C. Flowers and Cerberus.
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NewsNew sulphur regulations for Hong Kong and Taiwan
Hong Kong and Taiwan will implement a local 0.5 percent sulphur cap from January 1, 2019, one year ahead of the International Maritime Organization’s (IMO) sulphur 2020 regulations, according to insurance provider Gard.
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NewsCrawler crane market set for growth
Shipments of crawler cranes are expected to grow at a compound annual growth rate of over 4 percent according to a new research report by Global Market Insights (GMI).
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NewsCEVA expands managerial team
CEVA Logistics has appointed Milton Tadeau Pimenta as managing director for Australia and New Zealand, effective January 2019.
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NewsODS plans Dundee opening
Following its establishment by a team of oil and gas professionals in 2017, Offshore Decommissioning Services (ODS) is set to open its UK headquarters in Dundee in early 2019.
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NewsOrion launched in China
DEME’s offshore installation vessel, Orion, has been launched at the Cosco Qidong shipyard in China.
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NewsALE partners with Dundee and OM Heavy Lift
ALE has entered an agreement with the port of Dundee and OM Heavy Lift, a subsidiary of OilMac, to provide port services for the renewable energy sector.
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NewsCompanies prepare for Brexit
While Germany's Cuxhaven Port Association plans to intensify its preparations for the UK's exit from the European Union (EU) next year, industrial relocation logistics company Modpack Group is optimistic about the opportunities Brexit will bring.
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NewsLucina heads for auction
Eggar Forrester is auctioning off the multipurpose vessel Lucina in Amsterdam on December 14, on behalf of mortgagees Caterpillar Financial Services.
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NewsUlber set to leave Panalpina
Peter Ulber will not stand for re-election as chairman of the board of Panalpina at the company’s next annual general meeting on May 9, 2019.
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NewsStolberg hires new representation
Reports in the German media indicate that Niels Stolberg, former chief executive of Beluga Shipping, has hired a new lawyer in an attempt to avoid his 42-month prison sentence.
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NewsMammoet adds Hamburg office
Mammoet Germany intends to open a branch office in Hamburg on December 13, 2018.
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NewsEverett adopts 2019 budget
The port of Everett has adopted its operating budget for 2019, earmarking USD58.7 million for new capital investment.
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NewsEntries open for 2019 ESTA awards
Entries are now being accepted for the European crane and heavy transport industry’s 2019 ESTA Awards.
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NewsSarens opens Russian depot
In order to support the regional oil and gas sector, Sarens has opened a crane depot in Tyumen, Russia.