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Dutch port operator APM acquires Italy’s reefer terminal

AMSTERDAM: Netherlands port operator APM Terminals has completed the acquisition of Reefer Terminal from GF Group. Terms and price of the deal have not been disclosed. Located in Italy’s Port of Vado Ligure, Reefer Terminal is claimed to be the largest refrigerated terminal in the Mediterranean. Reefer Terminal currently handles 600,000 pallets per year. It also handles containers and general ... Read More »

Airplane recycler warns of dismantling overcapacity

AMSTERDAM: The Netherlands: Dutch airplane dismantling and recycling company Aircraft End-of-Life Solutions (AELS) has criticised the development of a major aircraft dismantling facility at Twente Airport near Enschede in the east of the Netherlands. Worldwide, over the past few years, six or seven new aircraft dismantlers have come to the market; that’s really more than enough,’ AELS’ managing director Derk-Jan ... Read More »

Dutch nutritional supplement maker DSM to cut 900-1,100 jobs

AMSTERDAM: Dutch nutritional supplements and chemicals company Royal DSM NV says it is laying off between 900 and 1,100 staff worldwide as part of a reorganization of its businesses. The company announced the job cuts Tuesday, saying the move would cut costs by 125-150 million euros ($144-173 million) by the end of 2017. The restructuring aims at streamlining business support ... Read More »

Royal Imtech bankruptcy threatens 500 Netherlands businesses

AMSTERDAM: According to Dutch research firm USP Marketing Consultancy, 500 companies in the installation sector are affected by Royal Imtech’s bankruptcy with about 100 fearing for their survival. The 500 firms worked as subcontractors for consultancy and services firm Imtech and 75% of them are not insured against client bankruptcy. USP states that 25% of the companies are dependent on ... Read More »

US Navy submarine pulled into Unalaska Bay near town landfill

AMSTERDAM: US Navy submarine pulled into Unalaska Bay near the town landfill Friday morning. The sub made no contact with the Port of Dutch Harbor, according to Harbor Master John Days. It did communicate with the Royal Pacific, a boat hauling wastewater from the Unisea fish-processing plant, as they were crossing paths. As is usual for Navy subs, the boat ... Read More »

Migrant focus switches to Belgian and Dutch ports

AMSTERDAM: Belgium and the Netherlands are being asked to help keep illegal migrants from British ports following a tightening of border security in Calais. Theresa May, UK home secretary, said on a visit to the French port she was concerned about migrants seeking alternative routes to avoid a joint police command set up in Calais to disrupt human trafficking gangs. ... Read More »

Ahold’s profits up by 33& to $217m in Q2

THE HAGUE: The suitable exchange rate has helped increase in profits of Dutch retailing giant Ahold by 33 per cent in the second quarter of current fiscal year. According to the company, net profits for the three months ending in June rose to 195 million euros ($217 million) compared the same period last year, representing an increase of 32.7 percent. ... Read More »

Rabobank posts 41% increase in profit during six months

THE HAGUE: Rabobank has posted a huge 41 per cent increase in its profit during the first six months of current calendar year manly due to the country’s resumed economic growth. According to a bank statement, the recovery in the Dutch economy contributed to a sharp fall in loan impairment charges at the local Rabobanks and at real estate subsidiary ... Read More »

Transhipment increases to 51.7m tones in H1 of 2015

AMSTERDAM: The seaports in the North Sea Canal Area, which includes the ports of Amsterdam, IJmuiden, Beverwijk and Zaanstad, once again posted growth in transhipment in the first half of 2015. This time transhipment rose to 51.7 million tonnes, which is a 1.3% increase compared to the same period of 2014. Port of Amsterdam is the largest port in the ... Read More »

Royal Imtech bankruptcy threatens 500 Netherlands businesses

AMSTERDAM: According to Dutch research firm USP Marketing Consultancy, 500 companies in the installation sector are affected by Royal Imtech’s bankruptcy with about 100 fearing for their survival. The 500 firms worked as subcontractors for consultancy and services firm Imtech and 75% of them are not insured against client bankruptcy. USP states that 25% of the companies are dependent on ... Read More »

3.24% Yield from Dutch specialty chemical Maker DSM

AMSTERDAM: Over time companies can change significantly and Koninklijke DSM (OTCQX:RDSMY) is a prime example of transformation throughout a company’s history. This Dutch science-driven chemicals and biotech multinational was founded as a state-owned company in 1902 for the exploitation of the coal mines in Limburg, the southernmost province of the Netherlands. Those days are long gone, over the decades the ... Read More »

Firms export 6,101 tonne sugar to EU; 8,071 tonne to US

AMSTERDAM: NEW DELHI: Sugar Companies exported 6,101 tonnes of the sweetener to the EU and 8,071 tonnes to the US till July 21 under the preferential quota system, Parliament was informed today. Pure Diets India, Suminter India Organics, Shree Renuka Sugars etc were the exporters who have exported sugar under quota during sugar season 2014-15. Till 21 July, 6,101 tonnes ... Read More »

Dutch lawmakers to vote on new $96b bailout package for Greece

AMSTERDAM: The Dutch parliament will vote on $96 billion bailout package for Greece on Wednesday (August 19). The Dutch lawmakers in 150-seat lower house have been recalled from their summer break for voting on the latest emergency funding package. Euro zone finance ministers agreed on Friday to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted ... Read More »

Deutsche Bank employees charged in Carbon emissions Trading Scandal

AMSTERDAM: Seven current and one former employee of Germany’s Deutsche Bank AG are facing tax evasion charges over their alleged participation in tax fraud schemes involving carbon emission certificates, according to media reports Thursday. The eight — whose names have not been revealed — are accused of being involved in fraudulent schemes between September 2009 and February 2010. Our own ... Read More »

Russia considers ban on flower imports from Netherlands

AMSTERDAM: Russia’s agricultural watchdog is proposingto ban the import of flowers from the Netherlands after discovering a pest in shipments. Currently, the federal regulatory service is discussing the legal implications of this ban, and analyzing the consequences while considering the direct import of flowers from other countries. The watchdog’s proposed ban is due to repeated discoveries of organisms that require ... Read More »

Liberty Global quarterly sales decline as Dutch Unit falters

AMSTERDAM: Liberty Global Plc reports decline in Q2 revenue as Dutch unit Ziggo lost customers AMSTERDAM: Liberty Global Plc reported a decline in second-quarter revenue as its Dutch unit Ziggo lost customers, highlighting the difficulties faced by billionaire John Malone’s European cable company in its hunt for growth. The London-based company said Tuesday it lost 87,000 subscriptions in the Netherlands ... Read More »

Tele2 Netherlands refreshes business data bundles

AMSTERDAM: Tele2 Netherlands has refreshed its business data bundles. The new offerings are Sim only but can be combined with a handset. Larger companies can now also get a business bundle, giving users the possibility of sharing data bundles. This will enable those that use up their data to take some from the bundles of those who have not. Separate ... Read More »

Royal Dutch shell Plc rating reiterated by Barclays

AMSTERDAM: Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research note issued on Monday, StockTargetPrices.com reports. They presently have a GBX 2,850 ($44.52) target price on the stock. Barclays’ price objective would suggest a potential upside of 53.18% from the company’s previous close. Shares of Royal Dutch Shell Plc (LON:RDSB) ... Read More »

Netherlands exports record €1.6b worth of beer last year

AMSTERDAM: The Netherlands exported a record €1.6bn worth of beer last year, a rise of 4% on 2013, the national statistics office CBS said. Most – 37% – went to the US, but this was down 4% in euro terms on a year ago, the CBS said. Exports to France, China and Taiwan rose in value. Nearly all the beer ... Read More »

Shell cuts 6,500 jobs due to drop in profit, revenue

THE HAGUE: Royal Dutch Shell suffered a decline of profit and revenue in the second quarter of 2015 and scheduled a total cut of 6,500 jobs, the Anglo-Dutch oil and gas giant stated here the other day. The job cuts are part of a cost-cutting plan to counter falling oil prices. The operating cost reduction in 2015 totals 3.66 billion ... Read More »