Latest news from Heavy Lift & Project Forwarding International Magazine

Agility posts strong increase

November 14 - Global logistics provider Agility reports a net profit of KWD9.75 million (USD3.5 million) for the third quarter of 2012. Compared to a net profit of KWD8.05 million (USD2.9 million) in the same quarter of 2011, this is an increase of 21 per

"The third quarter demonstrated that our efforts to transform the company into a more lean and efficient organisation are paying off," said Tarek Sultan, chairman and managing director of Agility. "Even during these tough economic times, we managed to grow revenue and net profit."

Revenue in Agility's core commercial logistics business, Global Integrated Logistics, increased by 4 percent in the third quarter of 2012 compared to the same quarter last year.

Agility's Infrastructure group, a portfolio of investments in niche markets with a presence in the Middle East, Asia, and Africa, continues to perform strongly, contributing KD66.9 million (USD23.7million) to total revenue in the quarter under review compared with KD42.7 million (USD15.1 million) during the same period in 2011.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
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Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 241
Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
Views: 207

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