Air Express Acquires Transworld Group

Tuesday, January 11, 2000
Air Express International Corp. has acquired the Transworld group of companies, a project forwarder, according to AEI officials. Terms of the transaction were not disclosed. Transworld, based in Houston, will operate as a separate division within AEI Ocean Services and be called AEI Project Services.

Cruise Ship Trends

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

Pods Versus Water Lubricated Props

Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded

Grand Bahama Shipyard Adds Four Executives

Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four

Finance

China COSCO falls to H1 net loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

Norsepower Secures Funds for World’s Largest Rotor Sail

Norsepower Oy Ltd., today announces that it has been selected to receive €2.6M in funding to further its research and development of the Norsepower Rotor Sail Solution technology.

 
 
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