Latest news from Heavy Lift & Project Forwarding International Magazine

Cosco profits in Q1 2017

May 4 - Cosco Shipping Specialized Carriers has reported a 1,104 percent year-on-year first quarter net profit increase,totalling CNY11.06 million (USD1.61 million).

 Revenues were up by 17.8 percent to CNY1.6 billion (USD232 million). Cosco attributed the surge to strong returns from equity investments and an improved shipping operating environment. 

The company shipped 3.03 million tonnes of cargo in the first quarter, an increase of 6.1 percent.

Its multipurpose vessels shipped 1.06 million tonnes - up 40.6 percent year-on-year. Heavy lift vessels accounted for  610,000 tonnes, up 50.7 percent. Semi-submersible ships shipped 73,000 tonnes of cargo, up 116.8 percent. Car carriers delivered 90,000 tonnes, up 87.5 percent year-on-year.


Heavy Lift | News

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Bishop takes AWRS

July 18 - Bishop Lifting Products has completed the acquisition of American Wire Rope & Sling (AWRS), a leading provider of rigging, lifting and overhead crane solutions.
Views: 109
CITB readies for Alaska’s ice-free season thumbnail image

CITB readies for Alaska’s ice-free season

July 18 - Cook Inlet Tug & Barge (CITB), a subsidiary of Foss Maritime Company, has announced that the 2019 ice-free season on Alaska’s North Slope are under way.
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Sutton steps up at Crowley thumbnail image

Sutton steps up at Crowley

July 18 - Crowley Maritime has appointed Peter Sutton as vice president of operations integrity and health, safety, security and environment (HSSE) for its shipping business unit.
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Vangard in office move thumbnail image

Vangard in office move

July 18 - Chennai-based Vangard Logistics has relocated to larger premises within the city.
Views: 80

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