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Mammoet to invests in Teesside for UK growth

Mammoet has delivered a major vote of confidence in the Teesside economy by unveiling its new £7m facility. Dutch multi-national Mammoet is moving into a 30,000sq ft base on Teesside Estate and is forecasting growth of 50% in coming years. The six-acre plant in Thornaby will be the new home for more than 180

Europe Inland Waterways Vessel Market to exceed $115bn by 2024

Europe Inland Waterways Vessel Market size was worth over USD 55.85 billion in 2016 and is estimated to reach USD 115 billion by 2024 at over 9% CAGR from 2017 to 2024. Increasing marine passenger traffic and goods transportation will drive the Europe inland waterways vessel market share during the forecast period.

Economic Growth Around The World Is Supporting Logistics

The International Monetary Fund (IMF) has published its World Economic Outlook for January 2018 and has subsequently revised its original forecast for global growth in 2018 and 2019 - up by 0.2 to 3.9% for both years. The development in global growth is driven by a higher growth from advanced economies

Zeaborn Logistics takes over ER Schiffahrt and Harper Petersen

Zeaborn Logistics has acquired Erck Rickmer’s ship management and ship brokerage activities. However, the sale won’t see Erck Rickmers Group depart the maritime sector. Subject to approval by antitrust authorities, the purchase takes retrospective effect from 1 January but no price was made public. In acquiring the ER Schiffahrt and Harper Petersen & Co

Return Of Projects In The Oil & Gas Industry

It's been a tough three years for the oil and gas industry, which has been wracked by lower oil prices, a raft of bankruptcies and a lack of investor confidence. Stocks of oil and gas explorers and producers, oil and gas equipment and services providers, like the heavy lift & project freight industry and

World Economic Forum and Project Freight Industry

Headline economic indicators suggest the world is finally getting back on track after the global crisis that erupted 10 years ago. A broad-based pickup in GDP growth rates is under way, stock markets have never been higher and the world’s major central banks are cautiously preparing to unwind the exceptional

U.S. oil prices finish near $63, highest since 2014

Oil rallied on Tuesday, extending gains into a second consecutive session as expectations for an eighth-straight weekly drop in U.S. crude inventories helped send prices to another finish at a three-year high. February West Texas Intermediate crude CLG8, +0.76%  climbed $1.23, or 2%, to settle at $62.96 a barrel on the New York Mercantile

McDermott, CB&I to merge in deal valued at $6 billion

McDermott International Inc. and Chicago Bridge & Iron Co. which provide infrastructure and other products for the oil and gas industries, announced Monday afternoon that they plan to merge in an all-stock transaction. The companies estimated the enterprise value of the transaction at $6 billion, with McDermott investors owning about 53%

Oil Price Predictions for 2018

It is the time of the year again for our highly anticipated oil price related predictions for 2018. So, without further ado, here are our five oil prices predictions for the year 2018. Russia extends its influence on oil prices and OPEC You may have read about 'OPEC and Russia,' a lot more