Danish logistics group DSV A/S has entered into an agreement with 3i Group plc and 3i funds, the management team of Belgium's ABX Logistics and other shareholders, to buy all the shares in ABX parent company XB Luxembourg Holdings 1 S.A. The aggregate price of the entire share capital, on a debt and cash free basis is 750 million euros ($1.16 billion)...
British logistics firm TDG plc today said it remains in takeover discussions with Laxey Partners Ltd. after the Isle of Man-based investment group was granted a put up or shut up by the United Kingdom's Takeover Panel. Laxey, which already owns about 22 percent of TDG's issued share capital, in February made an indicative offer of ?.75 per share. It n...
The U.S. International Trade Commission unanimously determined on June 20 that imports of Chinese steel pipe are subsidized and sold in the United States at less than fair value. As a result of the ITC's determination, the Commerce Department will issue countervailing and antidumping duties on imports of this product from China. The countervailing...
Global logistics network SEKO said Friday it has opened a new branch in Qatar near the Doha International Airport and seaport. The Qatar trade zone is an attractive location for businesses as it has become a modern high-growth logistics hub, with many large-scale real estate projects underway, as well as a great deal of investment in technology, educa...
Tokyo-based air carrier All Nippon Airways has taken delivery of the first converted passenger-to-freighter Boeing 767-300 aircraft. ANA officials accepted the plane from representatives of airline conversion firm Singapore Technologies Aerospace Ltd. at a redelivery ceremony in Singapore. The plane, already owned by ANA, is the first 767-300 to...
The U.S. Air Force made significant errors in awarding a $35 billion contract for aerial refueling tankers to a partnership of Northrop Grumman and the parent firm of European airplane maker Airbus a government watchdog agency said in a report released Wednesday. The Air Force chose the Northrop partnership over Chicago-based Boeing after a fierce bid...
Sinotrans Shipping Ltd said late Tuesday that its controlling shareholder, China National Foreign Trade Transportation Corp., or Sinotrans Group, was considering a merger with China Changjiang National Shipping Corp., Reuters reported The Hong Kong-listed firm said Sinotrans Group, the nation's logistics giant holding 67.5 percent of Sinotrans Shippin...
American Railcar Industries of St. Charles, Mo., and Amtek Auto Ltd. of New Delhi said they plan to create a 50-50 joint venture to manufacture, sell and supply freight railcars and their components to customers in India and other countries to be agreed upon. They plan to begin construction of the facility during the second half of this year, followin...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi