The Salt Lake City, Utah-based automobile motor manufacturer plans to have its Nikola One truck, a zero-emissions electric drivetrain powered by high-density lithium batteries, in production by 2020, the company said in a statement.
Maritime and Port Authority of Singapore appoints new chairman, while B&H Worldwide promotes managing director, Germany, and ICAO names new president of its Air Navigation Commission.
The Dubai-based operator will own 55 percent of a new vehicle targeting port and terminal investment opportunities outside of the United Arab Emirates, while Canadian pension fund Caisse de dépôt et placement du Québec will hold the other 45 percent.
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Under the reorganization plan, most of International Shipholding Corp. (ISH) would be acquired by SEACOR, and ISH also plans to sell a business that includes operations in Southeast Asia to a company affiliated with its current CEO, Erik L. Johnsen.
The A.P. Møller-Maersk conglomerate, which includes Maersk Line, APM Terminals, and energy related divisions like Maersk Oil, reported an underlying profit of $426 million in the third quarter of 2016, a 35.6 percent decline from third quarter 2015.
The Georgia Ports Authority said almost one-third of its fleet of container stacking machines (45 out of 145), manufactured by Konecranes, have been purchased with or converted to, electric power capability.