Latest news from Heavy Lift & Project Forwarding International Magazine

Ballast Nedam's Infrastructure division holds up as results fall

March 15 - Heavy lift operations provided a rare glimmer of relief in Ballast Nedam's annual results.

The Infrastructure group of the Netherlands-based conglomerate "performed excellently in the past year in the growing European offshore wind farm market" says the company's annual report for 2009.

The heavy lift ship Svanen was engaged for foundation installation work on the British Gunfleet Sands Offshore Wind Farm project during 2009 and on the Belwind Offshore Wind Farm off the Belgian coast. Since completing the Belwind project in February 2010, the Svanen is due to be deployed on the installation of 90 foundations for the British Sheringham Shoal Offshore Wind Farm on behalf of the Danish contractor MT Hojgaard.

In Q2 2010, the Infrastructure group is set to install 22 foundations for the German Baltic I Offshore Wind Farm project, using a leased heavy lift ship. The utilisation prospects for the heavy lift vessel Svanen are good in the years to come, says the report.

Gross profits were in line with dire expectations: EUR17 / USD23.3 million in 2009, down from EUR42 / USD57.6 million in 2008 and likely to be from EUR10 / USD13.7 million to EUR15 / USD20.5 million this year. The revenue of the Infrastructure division was virtually unchanged at EUR707 / USD970 million. The result was in line with the forecast, and was good in view of the deterioration in market conditions in 2009, concludes the report.

Heavy Lift | News

TRACE launches e-Gov portal thumbnail image

TRACE launches e-Gov portal

February 15 - Anti-bribery trade association TRACE International has launched its e-Gov Portal.
Views: 251
DSV ups Panalpina bid as Agility enters the fray thumbnail image

DSV ups Panalpina bid as Agility enters the fray

February 15 - Panalpina’s board of directors confirmed that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF180 (USD178.9) per share, all in cash.
Views: 415
Bolloré and Cosco strengthen ties thumbnail image

Bolloré and Cosco strengthen ties

February 15 - Bolloré Transport & Logistics and Cosco Shipping Lines have signed a memorandum of understanding (MoU) to strengthen their commercial relationships, while exploring new opportunities for cooperation in transport, logistics and port infrastructure.
Views: 407

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