multipurpose sector experienced a tough first half of 2019

The multipurpose sector has experienced a tough first half of 2019, following a trend of difficult market conditions spanning over a decade. Fallout from ongoing global political trade discussions is taking its toll on both project and commodity trades, cutting down volumes at a time when external competition from non-MPV

Harland & Wolff to ‘file for insolvency’

Belfast shipyard Harland & Wolff has appointed administrators and will file for insolvency on 6 August, according to UK media reports. The BBC said the shipyard will file in the high court in Belfast tomorrow, citing a company spokesman as the source for the story. Harland & Wolff was unavailable for

Brexit wipes out 30% of UK Flag

Data shows that while the threat of a Brexit-fuelled exodus from the UK flag has been looming for some time, several major shipowners have quietly been making good on their threats to pull tonnage in the face of the financial and political uncertainties CMA CGM reflagged 40 vessels away from

Buss and IDEA Join Forces for French Offshore Wind

The German Buss Offshore Solutions and French logistics services provider IDEA Groupe have officially entered into a joint venture dedicated to the offshore wind market in France. The news follows the signing of a declaration of intent for establishing the Buss IDEA Offshore joint venture which already took place in September

ZEABORN acquires CPO Tankers

ZEABORN Group has signed an agreement to acquire 100 percent of the shares in Claus-Peter Offen Tankschiffreederei (GmbH & Co) KG („CPO Tankers“), the tanker management subsidiary of Offen Group. The transaction partners signed the relevant contracts on April 29. The completion of the transaction

Panalpina and DSV have reached an agreement.

DSV has announced an all share voluntary public tender offer for all publicly held shares of Panalpina. DSV and Panalpina have reached an agreement on the terms and conditions of a combination by way of a Public Exchange Offer to all Panalpina shareholders. The board of directors of Panalpina recommends that

Demand for mining equipment is growing

Global demand for underground mining machinery is forecast to increase 4.0% per year from 2018 to 2022, according to information provided by the Freedonia group. Global demand for underground mining machinery is forecast to increase 4.0% per year from 2018 to 2022, according to information provided by

Rhenus buys Canada’s Rodair

Germany’s Rhenus Group has acquired Canadian logistics provider Rodair. The acquisition, terms were not disclosed, is subject to approval by the relevant authorities. The core business activities at Toronto-headquarter Rodair involve international freight forwarding, project logistics, courier, warehousing and distribution, 3PL services, and e-commerce solutions. The company, founded in 1996,

GTI acquires Precision Specialized

GTI Transport Solution Inc ("GTI"), a leading provider of open-deck, specialized and over-dimensional freight services, a Novacap-backed company, and a member of the PFN (Project Freight Network) organization, announces it is acquiring Precision Specialized Division Inc. (PSD), a division of Precision Truck Lines Inc. Located in Woodbridge,