All Investments articles – Page 18
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Tampa Bay agrees new berth
December 21 - The board of commissioners of Port Tampa Bay has agreed to award a construction contract to GLF Construction Company to build a second new cargo berth at Port Redwing (Berth 302).
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Shipping confidence hits 15-month high
December 21 - Shipping confidence improved for the third successive quarter in the three months ending November 16, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.
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Liebherr upgrades Dammam base
December 16 - Liebherr has opened a new subsidiary office in Dammam, Saudi Arabia.
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Shipping fears over new bank rules
December 16 - According to a report in Reuters, bankers have suggested that the global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt.
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Terex makes site and staff cuts
December 15 - Terex Cranes has revealed plans to sell its components and parts facility in Pecs, Hungary, consolidate its three manufacturing operations in Zweibrücken, Germany into two, and reduce its global workforce by around 30 percent.
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Report shows consolidation impact
December 7 - A recent report by VesselsValue gives a clear indication of the impact that container line consolidation is having on the total box ship fleet.
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First blade made at Green Port Hull
December 1 - The first turbine blade has been manufactured at Siemens' new wind power factory at Green Port Hull on the UK Port of Hull's Alexandra Dock.
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Combi Lift enhances Bremerhaven terminal
November 30 - Combi Lift has made a number of investments at its logistics terminal in Kaiserhafen 1, Bremerhaven, Germany.
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Huge investment planned for Philadelphia
November 29 - Pennsylvania's governor Tom Wolf has announced a comprehensive capital investment programme at the Port of Philadelphia that will result in over USD300 million of investment in the port's infrastructure, warehousing and equipment through to
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HSH meets potential buyers
November 28 - Reports on the Reuters website, suggest that German bank HSH Nordbank has been meeting with potential buyers in London ahead of its planned privatisation next year.
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Forth Ports names Booth
November 28 - Forth Ports has appointed Gavin Booth as its new business development manager to focus on oil and gas support and decommissioning activity.
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Eye-watering loss for Nord/LB
November 25 - German state bank Nord/LB, the country's second-largest ship financer, revealed a further decline in results on Thursday and indicated that its full-year losses would surpass an eye-watering EUR1 billion (USD1.05 billion).
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UECC's dual-fuel LNG ship named
November 24 - United European Car Carriers (UECC) named the world's first dual-fuel LNG pure car truck carrier (PCTC), Auto Eco, at a ceremony at the Port of Zeebrugge earlier this week.
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Rickmers Maritime default has “no impact” on group finances
November 18 - Rickmers Group has confirmed that Rickmers Maritime Singapore's bond coupon payment default has no impact on the financing of Rickmers Holding and its subsidiaries.
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Making the most of the downturn
November 16 - GAC Group president Bengt Ekstrand noted during a recent managers' conference that the company is pushing for greater innovation and flexibility in order to cope with turbulent global markets, and has maintained a solid balance sheet despite
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Changes at the top for PACC Offshore
November 15 - Effective January 1, 2017, offshore marine services provider, PACC Offshore Services (POSH) is promoting current chief operating officer, Lee Keng Lin to the newly created role of deputy chief executive officer.
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TTS predicts heavy lift challenges
November 15 - TTS Group posted a NOK5 million (USD593,000) loss in EBITDA for the first nine months of 2016 in its multipurpose/general cargo business unit, which it attributed to customer-initiated delays in project deliveries combined with a slow market
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Hapag-Lloyd ups profit
November 14 - Hapag-Lloyd has closed the third quarter of 2016 with a net profit of EUR8.2 million (USD8.7 million), compared with EUR3.2 million (USD3.4 million) in the same period of 2015.
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Revenues up for Tiong Woon
November 11 - Tiong Woon Corporation achieved revenue of SGD34.4 million (USD24.35 million) in first quarter of its 2016-2017 financial year ending September 30, an increase of SGD1.3 million (USD0.92 million) or 4 percent for the same period of 2015.
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Results down for Wilhelmsen
November 11 - Wilh. Wilhelmsen Holding (WWH) has reported a decrease in total income and operating profit compared with the previous quarter. During the quarter, the group made significant steps towards restructuring its shipping, logistics and maritime s