Latest news from Heavy Lift & Project Forwarding International Magazine

Dockwise delivers strong financial performance

February -27- Dockwise has revealed Q4 2008 revenues up 61% to USD 135 million (Q4 2007: USD 84 million) and adjusted revenues up 50% to USD 495 million (FY 2007: USD 330 million) for the full year 2008.

Net profit for 2008 was USD 47 million compared to a USD 76 million loss in 2007.

Commenting on the results, Andre Goedee, CEO of Dockwise Ltd said: "2008 was an outstanding year. We completed the transformation of our company while also delivering against demanding financial objectives.

"At the same time, we delivered our core services with the reliability and safety that our clients expect. In view of our transformed capabilities, I am encouraged to see Dockwise tendering successfully for an increasing number of projects.

"The fourth quarter was the strongest quarter ever in Dockwise's history providing a stepping stone to 2009. Immediate generation of free cash flows will enable us to substantially decrease our net debt level in the current year and to de-lever our balance sheet." 

Heavy Lift | News

Sims Crane appoints Lester thumbnail image

Sims Crane appoints Lester

July 19 - Florida’s Sims Crane & Equipment has named Jared Lester as its business development manager. 
Views: 307
ITI and FHS to open Florida training centre thumbnail image

ITI and FHS to open Florida training centre

July 19 - Florida Handling Systems (FHS), a Mazzella Company, and Industrial Training International (ITI) have confirmed that they will develop a training centre in Bartow, Florida.
Views: 350

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