Latest news from Heavy Lift & Project Forwarding International Magazine

Inchcape up for sale?

February 4 - According to a report in the Financial Times, the investment arm of Dubai World has put Inchcape Shipping Services up for sale.

The report says that investment company Istithmar has put a price tag of USD600 million to USD700 million on the port and shipping agent which Istithmar bought in 2006. 

Inchcape is thought to be one of the more successful entities in Istithmar's portfolio. The largest independent marine services company, it services the U.S. Navy fleet in the Middle East and has large oil tanker contracts with Exxon, Mobil and Shell, among other shipping interests. It also has interests in container and bulk cargo.

Its Cargo Services division is active in providing support to importers and exporters, handling cargo all shapes and sizes - from airfreight parcels to project cargo and all the necessary logistics around the movement of these goods.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
Views: 260
Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 223
Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
Views: 196

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