Latest news from Heavy Lift & Project Forwarding International Magazine

EU invests in Danube

The European Union (EU) plans to invest EUR59 million (USD67.4 million) in modernising the locks on the Danube-Black Sea and Midia Navodari–Porte canals in Romania.

The canals link the Black Sea port of Constanța with the River Danube in the southeast of the country; they form part of the Trans-European Transport Network, linking the Rhine and the Danube.

The work will make it possible to increase vessel traffic by almost 50 percent, while improving navigation safety and protecting the surrounding areas from flooding, said the EC.

The commissioner for regional policy, Corina Creţu, said: “This project will enable better exploitation of the enormous trade potential of river transport.

“The entire economy of southeast Romania will benefit from this but, in broader terms, so will the economy of the Danube macro-region, which links nine EU member states and five neighbouring countries.”

The works are scheduled for completion in 2021.

europa.eu

Heavy Lift | News

Oaktree invests in Watco thumbnail image

Oaktree invests in Watco

January 9 - Oaktree Capital Management has formed a strategic partnership with Watco Companies that will see the Los Angeles-based private equity firm invest USD450 million in the Kansas-heaquartered transportation company.
Views: 2869
DSV announces expansion  thumbnail image

DSV announces expansion 

January 2 - DSV has released plans of a major investment to expand its headquarters in Copenhagen, Denmark. 
Views: 2713
DFDS adds to lifting capacity in Immingham thumbnail image

DFDS adds to lifting capacity in Immingham

December 24 - DFDS has taken delivery of a 124-tonne lifting capacity Liebherr mobile harbour crane at its terminal in Immingham, UK in preparation for the launch of enhanced DFDS liner services between Immingham, Norway and Belgium at the start of 2019.
Views: 3105
Metalmark invests in T. Parker Host thumbnail image

Metalmark invests in T. Parker Host

December 20 - Having acquired the 254 acre (102 ha) Avondale Shipyard in New Orleans, USA in October, maritime services provider T. Parker Host has received strategic investment from private equity firm Metalmark Capital.
Views: 2898

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.