Latest news from Heavy Lift & Project Forwarding International Magazine

Drewry Report says shipping lines must act now to survive

April 17 - According to a Drewry Shipping Consultants report, container shipping lines must act now to survive the crisis in the industry.

According to the new report 'Capacity Management - surviving the container crisis', while the past six months have seen a huge amount of capacity changes in the container shipping industry, which handles a significant proportion of project cargoes which aren't over-dimensional or overweight, freight rates continue to plummet while the industry avoids the painful decisions that are needed to ensure its collective survival.

The old analogy about "rearranging the deckchairs on the Titanic" is in fact a good one for the crisis the liner industry finds itself in. "If we think of that grand liner as the market - proud, overconfident and heading towards a catastrophe partly of its own making - then we can see the operators desperately rearranging their fleets, while refusing to acknowledge the necessity of abandoning ship - or ships - before the crisis becomes a disaster," the report says.

The Drewry Report analyses how carriers have reacted to the global economic crisis and indicates what steps will need to be taken if they are to survive. 

For more information about the report visit: http://www.drewry.co.uk/publications/view_publication.php?id=344#

Heavy Lift | News

ESTA joins EC best practice project thumbnail image

ESTA joins EC best practice project

July 16 - The European association of abnormal road transport and mobile cranes (ESTA) has been asked to support a European Commission study to “explore health, safety and environment (HSE) best practice in the wind power sector”.
Views: 415
LDA installs kite system  thumbnail image

LDA installs kite system 

July 16 - Louis Dreyfus Armateurs (LDA) has fitted its ro-ro vessel Ville de Bordeaux with an AirSeas kite system, as it looks to develop the use of wind propulsion technologies.
Views: 378
Sarens partners with Moir Crane thumbnail image

Sarens partners with Moir Crane

July 16 - Sarens has teamed up with Canada’s Moir Crane as the two companies look to capitalise on the region’s upcoming construction projects.
Views: 446
Karl Gross teams up with Natco thumbnail image

Karl Gross teams up with Natco

July 15 - Bremen-headquartered Karl Gross Group and Natco SA have formed an exclusive partnership in South Africa.
Views: 633

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