Latest news from Heavy Lift & Project Forwarding International Magazine

Decline in heavy lift activity lowers Tiong Woon results

November 15 - Singapore-based Tiong Woon Corporation Holding has cited lower revenue contributions from its heavy lift and haulage, fabrication and engineering, marine transportation and trading segments as a factor in lower results for its 2010-2011 firs

The group saw a lower turnover of SGD28.8 million (USD22 million) from SGD44.8 million (USD34.2 million), mainly because of lower revenue contributions from its heavylift and trading segments. With lower turnover, higher depreciation charges and expenses for scheduled maintenance, the group's profit after tax declined compared to the SGD6.1 million (USD4.6 million) it made in the previous corresponding period.

The group is seeing a rise in project inquiries for heavy lifting services at present as its heavy lift and haulage segment contributed SGD23.1 million (USD17.6 million) to total turnover, compared to SGD29.2 million (USD22.3 million) in the corresponding period a year ago, as it undertook fewer integrated projects. 

Heavy Lift | News

ACE Belgium readies for launch thumbnail image

ACE Belgium readies for launch

April 25 - ACE Belgium Freighters is preparing to launch its scheduled and charter services out of Liège Airport after receiving its air operator’s certificate (AOC) from the Belgian Civil Aviation Authority.
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Carrick joins ACS board thumbnail image

Carrick joins ACS board

April 25 - UK-headquartered charter specialist Air Charter Service (ACS) has named Richard Carrick as a non-executive director to its group board.
Views: 136
Scott-Macon adds with Tadano thumbnail image

Scott-Macon adds with Tadano

April 25 - USA-based Scott-Macon Equipment has purchased four Tadano Mantis telescopic boom crawler cranes.
Views: 119

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