Maersk to raise US$1.8b from share placement Danish shipping and oil group AP Moller-Maersk aims to tap investors for close to US$1.8 billion through a share placement to boost its financial flexibility and raise funds for possible acquisitions.
CEO plans to acquire assets in oil and terminals businesses AP Moeller-Maersk chief executive officer Nils Smedegaard Andersen plans to use cash from a 9.2 billion krone (S$2.5 billion) treasury share sale to help finance acquisitions in the oil and terminals businesses.
Container volumes seen rising in Q4 Maersk Line, the container shipping unit of Denmark's AP Moller-Maersk , said yesterday that an economic recovery may lead to year-on-year volume growth in the fourth quarter for the industry.
Riga terminal deploys Liebherr crane Riga Central Terminal (RCT) has purchased a new Liebherr LHM400 mobile crane, one of the most modern and powerful cranes to be deployed in Latvia. Valdis Andersons, an RCT board me...
Rhenus Tetrans Canarias opens Canary Islands logistics centre The Spanish logistics service provider Rhenus Tetrans Canarias, which is part of Germany's Rhenus group, has opened a new logistics centre in the port of Las Palmas (Canary Islands...
Norbert Dentressangle sales and profits down The transport and logistics enterprise Norbert Dentressangle reported lower interim sales figures and profits for H1/2009, in comparison with last year. Sales sank by 15.8%, from E...
APL Logistics opens Dubai warehouse Logistics service provider APL Logistics has opened a new warehouse in Dubai Logistics City. The centre covers 25,000 sqft and has 26,585 pallet slots. It can be expanded to 40,000...
Scheduled services resumed between Taiwan and China Liner services between Taiwan and China have been restarted after a 60-year interruption. Although there have been charter services since winter 2008, scheduled services did not re...
Mississippi Associated Terminals opts for Gottwald crane Associated Terminals LLC (AT), based in Louisiana (USA), recently ordered a generation 5 floating crane from Gottwald Port Technology GmbH, headquartered in D'sseldorf (Germany). T...
Port of Hamburg handles huge outsize consignment The Unikai team in the port of Hamburg successfully completed the handling of an outsized consignment manufactured by Pullach-based German company Linde Engineering Division. The c...
Idled ships now 9% of box fleet BOX SHIP lay-ups amounted nearly to 10% of the world's container fleet by the end of August, AXS Alphaliner reported today
Stolt-Nielsen chairman retires JACOB Stolt-Nielsen, the founder-chairman of Stolt-Nielsen, Norway's transport shipping company, is stepping down at the end of 2009
APM seeks wiggle room IN A MOVE to improve flexibility for possible acquisitions, Danish giant AP Møller-Maersk said today it will seek to raise $1.8Bn from investors from a share placement
Hurricane reroutes cruising A HURRICANE off Baja weakened today to Category Two, but not before forcing the cruise industry to shuffle ships
Abkhazia threat to Georgia ships THE LEADER of the breakaway Georgian region of Abkhazia has reportedly threatened to destroy Georgian ships that enter Abkhazian waters
Emission and congestion reductions hinge on intermodal efficiencies Alien analysts landing their spacecraft today on any one of the world's major container terminals would no doubt conclude in their report that harbour facilities are adequate to cope with the earth's supply chain; and with some to spare.
MSC rolls out another GRI
CKYH cuts 20% capacity Asia - Europe
Horizon Lines takes part in anti-piracy tests
CSCL down USD half a billion at H1 09
Pacer International secures amended credit facility
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