Latest news from Heavy Lift & Project Forwarding International Magazine

Business News from August 2016

Rickmers releases half-year report thumbnail image

Rickmers releases half-year report

August 31 - August 31 - The Rickmers Group has issued its 2016 half-year report, which confirms consolidated revenues of EUR249.3 million (USD277.6 million) - a 13.9 percent decrease compared with the same period of 2015.
Views: 726
Freja posts half-year growth thumbnail image

Freja posts half-year growth

August 31 - August 31 - Freja Transport & Logistics posted year-on-year growth of 1 percent in turnover at EUR166 million (USD184 million) for the first half of 2016, with a 20 percent increase in EBIT to EUR4.2 million (USD4.6 million).
Views: 574
Aqualis names Middle East head thumbnail image

Aqualis names Middle East head

August 30 - August 30 - Marine and offshore engineering consultancy Aqualis Offshore has appointed Ben Lazenby as director of its Middle East operation.
Views: 590
Karlsen up at ALE thumbnail image

Karlsen up at ALE

August 30 - August 30 - ALE has appointed Paul Karlsen as commercial manager for its Scandinavia business.
Views: 650
Combi Lift opens US hub thumbnail image

Combi Lift opens US hub

August 30 - August 30 - Combi Lift has established a US subsidiary - Combi Lift America - based in Houston, Texas.
Views: 833
Alliance and acquisition for Ritchie Bros thumbnail image

Alliance and acquisition for Ritchie Bros

August 30 - August 30 - Ritchie Bros has entered into a strategic alliance agreement with equipment manufacturer Caterpillar, and reached an agreement to acquire online marketplace IronPlanet.
Views: 271
Topkran ups crawler fleet thumbnail image

Topkran ups crawler fleet

August 26 - August 26 - Moscow based crane hire company Topkran has taken delivery of its second 350-tonne capacity LR 1350/1 crawler crane.
Views: 588
Global fleet growth expected thumbnail image

Global fleet growth expected

August 25 - August 25 - The heavy lift and multipurpose (HL/MPV) shipping sector is under extreme pressure. With desperately low commodity prices laying waste to new capital projects, and increasing competition from other shipping modes for cargoes, the HL/MPV sector
Views: 1005
NORD/LB deal reduces shipping exposure thumbnail image

NORD/LB deal reduces shipping exposure

August 24 - August 24 - NORD/LB (Norddeutsche Landesbank) and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together with a sovereign wealth fund, will acquire a portfolio of performing and non-perf
Views: 642
Multi Marine and Conti7 strengthen alliance thumbnail image

Multi Marine and Conti7 strengthen alliance

August 23 - August 23 - Belgium's Conti7 shipping group and Italy's Multi Marine Services (MMS) have strengthened their short sea services partnership through a new joint operation, Conti Carwil Line, combining the respective services of Conti Med Line and Carwil Lin
Views: 633
JAXPORT gets heavy lift of its own thumbnail image

JAXPORT gets heavy lift of its own

August 22 - August 22 - In the USA, JAXPORT's ongoing investment could be seen as three container cranes arrived at the port's Blount Island Marine Terminal aboard the ZPMC semi-submersible ship, Zhen Hua 14, which departed from Shanghai, China in early June. They wi
Views: 951
Changes at the top for Fednav thumbnail image

Changes at the top for Fednav

August 22 - August 22 - Effective September 10, Paul Pathy will assume responsibility as the sole chief executive officer of Fednav Limited and of Fednav International Ltd (FIL).
Views: 433
Profits tumble at Boskalis thumbnail image

Profits tumble at Boskalis

August 19 - August 19 - Royal Boskalis Westminster (Boskalis) realised a net profit of EUR147.5 million in the first half of 2016, less than half of the EUR 306.5 million it achieved in the corresponding period of 2015, with the spot market in its Offshore Energy dep
Views: 819
Pan Ocean back in the black thumbnail image

Pan Ocean back in the black

August 19 - August 19 - South Korean shipping company, Pan Ocean has reversed the loss it recorded in the first half of 2015, turning in a profit for the same period of this year.
Views: 593
More mergers and acquisitions says Drewry thumbnail image

More mergers and acquisitions says Drewry

August 19 - August 19 - Poor first half results in container shipping in the first half make it more likely that more merger activity can be expected, says London's Drewry Maritime Research.
Views: 626
All change at Dachser Air & Sea Logistics thumbnail image

All change at Dachser Air & Sea Logistics

August 18 - August 18 - Effective January 1, 2016, Jochen Müller will join the Dachser management team and will take over from Thomas Reuter as chief operations officer of the company's Air & Sea Logistics business on January 1, 2018
Views: 970
UK set for largest offshore wind farm thumbnail image

UK set for largest offshore wind farm

August 17 - August 17 - Companies active in providing logistics, transport and installation services for the renewable energy sector will be buoyed from the news that the UK Government has given planning consent to Dong Energy for the Hornsea Two offshore wind farm.
Views: 525
Finnlines to delist and go private thumbnail image

Finnlines to delist and go private

August 17 - August 17 - Today, Finnlines Plc (Finnlines), part of the Grimaldi Group, will file a delisting application with Nasdaq Helsinki for the termination of trading in the Finnlines shares and for the delisting of the shares from the official list of that stoc
Views: 548
Summer record for ACS thumbnail image

Summer record for ACS

August 17 - August 17 - July saw aircraft charter specialist, Air Charter Service, book 1,114 charter contracts, making it the company's best month on record.
Views: 531
Crowley names strategy VP thumbnail image

Crowley names strategy VP

August 16 - August 16 - Crowley Maritime Corporation has promoted Eric Evans to vice president of strategy, a newly-created position that will focus on facilitating long-term growth through external business partnerships, including mergers and acquisitions.
Views: 833
Veja Mate wind park on schedule thumbnail image

Veja Mate wind park on schedule

August 16 - August 16 - The Hamburg-based Buss Port Logistics has successfully completed the near-shore logistics and storage operations for the future Veja Mate offshore windpark. 

Views: 633
BBC returns to Denmark thumbnail image

BBC returns to Denmark

August 15 - August 15 - BBC Chartering has re-launched its presence in Denmark, opening a representative office in Esbjerg.
Views: 704
Palfinger ends TTS takeover thumbnail image

Palfinger ends TTS takeover

August 15 - August 15 - The Austrian company Palfinger Marine has terminated its attempt to acquire all the shares in Norway, Bergen-based TTS Group.
Views: 620
Maersk Group profit tumbles thumbnail image

Maersk Group profit tumbles

August 12 - August 12 - Maersk Group recorded a profit of USD118 million in the second quarter of 2016, down from USD1.1 billion in the same period of 2015.
Views: 432
DSV USA completes UTi merger thumbnail image

DSV USA completes UTi merger

August 12 - August 12 - DSV Air & Sea in the USA has completed the office and IT integration of the former UTi freight forwarding division.
Views: 450
Rickmers continues to weather market storm thumbnail image

Rickmers continues to weather market storm

August 12 - August 12 - Rickmers Group recorded consolidated revenues of EUR249.3 million (USD277.9 million) in the first half of 2016 - a 13.9 percent decrease compared with the same period of 2015.
Views: 498
'Disappointing' start for Hapag-Lloyd thumbnail image

'Disappointing' start for Hapag-Lloyd

August 10 - August 10 - Subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates have marked the first half of the 2016 business year for German shipping company Hapag-Lloy
Views: 575
Briese and Auerbach in alliance thumbnail image

Briese and Auerbach in alliance

August 9 - August 9 - In response to the ongoing difficulties faced by shipping lines active in the multipurpose shipping sector, Briese Schiffahrts and Auerbach Schifffahrt have formed a strategic alliance and will cooperate more closely in the areas of project dev
Views: 762
Foord up at JSA Global thumbnail image

Foord up at JSA Global

August 9 - August 9 - UK based liner agency JSA Global has named John Foord as director, with immediate effect.
Views: 480
New Zealand ports partner up thumbnail image

New Zealand ports partner up

August 9 - August 9 - Ports of Auckland and Napier Ports have signed a strategic alliance, which they claim will allow them to optimise services for freight customers and achieve further scale and efficiencies in the supply chain.
Views: 555
Thumbs up for Konecranes thumbnail image

Thumbs up for Konecranes

August 9 - August 9 - Konecranes has received approval from the European Commission (EC) and the US Department of Justice (USDOJ) for its pending acquisition of Terex's material handling and port solutions (MHPS) business.
Views: 653
Ups and downs for Agility thumbnail image

Ups and downs for Agility

August 8 - August 8 - Despite a drop in revenue, Agility posted a net profit of KWD15 million (USD49.7 million) in the second quarter of 2016 - an 11 percent increase compared with the same period of 2015.
Views: 510
Turkish delight for ALE thumbnail image

Turkish delight for ALE

August 8 - August 8 - ALE's 4,300-tonne capacity AL.SK190 crane has performed its first lifts in Turkey, with the installation of two components at the greenfield SOCAR & Turcas Aegean Refinery site in Aliaga, Izmir province.
Views: 960
Combi Terminal opens at Jurong thumbnail image

Combi Terminal opens at Jurong

August 8 - August 8 - Singapore's Jurong Port has commenced operations at its Combi Terminal, which has been designed to cater for multipurpose vessels carrying a variety of general cargoes.
Views: 947
United Heavy Lift welcomes VirVarenya thumbnail image

United Heavy Lift welcomes VirVarenya

August 5 - August 5 - Hamburg headquartered United Heavy Lift has been appointed commercial manager for J.M. Baxi Group's newbuild deck carrier VirVarenya.
Views: 916
DHL forwarding division 'back on track' thumbnail image

DHL forwarding division 'back on track'

August 4 - August 4 - DHL has noted that the performance of its Industrial Projects division in the first half of 2016 was considerably weaker than the same period in 2015, due in part to the conclusion of projects started in previous years and low oil prices reduci
Views: 290
Atlas posts profit drop thumbnail image

Atlas posts profit drop

August 4 - August 4 - Atlas Air Worldwide Holdings has recorded an income from continuing operations of USD20.9 million in the second quarter of 2016, compared with USD28.4 million for the three months ended June 30, 2015.
Views: 504
LBP names German agent thumbnail image

LBP names German agent

August 3 - August 3 - Licvem NBP (LBP) - a joint venture between Licvem Shipping & Trading and NYK Bulk & Projects - has appointed German Cargo Services (GCS) as its sales agent in Germany.
Views: 601
RHA pursues truck cartel claim thumbnail image

RHA pursues truck cartel claim

August 2 - August 2 - The UK's Road Haulage Association (RHA) has sought legal advice and intends to pursue the case for compensation from the truck manufacturers that were identified as being involved in a coordinated truck price fixing cartel.
Views: 564
Grants awarded to six US ports thumbnail image

Grants awarded to six US ports

August 1 - August 1 - Six TIGER (Transportation Investment Generating Economic Recovery) grants, totalling USD61.8 million, have been awarded to seaports in the USA or projects directly aiding the efficient movement of goods to and from the country's ports.
Views: 583

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