UK Subsea Equipment Firm Sells US Instruments Business
Ashtead Technology, announces the sale of its North American Instruments business. The Instruments business, which specialises in the rental of onshore environmental monitoring, non-destructive testing and visual inspection equipment, has been acquired by New Jersey-headquartered Pine Environmental Services LLC. Allan Pirie, CEO at Ashtead Technology, said: "The divestment of the North American Instruments business is a key step in our long-term growth strategy to focus on our Offshore business…
Hong Kong Container Terminal Strike Latest
The High Court in Hong Kong has ruled in favour of extending the temporary injunction, but acknowledges the workers' right to strike. According to the ITF, the injunction against the Union of Hong Kong Dockers (HKDU) aims to halt action at the Kwai Tsing Container Terminal in the Port of Hong Kong, where the Industrial action began on 30, March 2013. The strike is seen as a last resort measure by the union in their attempts to secure transparent…
