Latest news from Heavy Lift & Project Forwarding International Magazine

More funds approved for Charleston deepening project

The US Army Corps of Engineers (USACE) has approved funds of USD41.4 million for South Carolina's Charleston Harbor deepening project.

The funds will be put towards the deepening of the Charleston Harbor to 52 ft (15.8 m).

Construction to deepen the Charleston Harbor Entrance Channel began in February following the awarding of the first two dredging contracts - totalling approximately USD300 million - by USACE.

“By 2021, the port will achieve 52 ft of depth, making it the deepest harbour on the east coast, an advantage that will add significant capability in the southeast,” said Jim Newsome, SCPA president and ceo.
 

www.scspa.com

Heavy Lift | News

DP World commits to Kazakhstan thumbnail image

DP World commits to Kazakhstan

March 11 - Dubai-headquartered DP World has reaffirmed its intention to invest in new port and logistics infrastructure in Kazakhstan, following the signing of two framework agreements relating to special economic zones (SEZ) in Aktau and Khorgos.
Views: 1358
High five for Vladivostok thumbnail image

High five for Vladivostok

February 28 - The Commercial Port of Vladivostok, part of the Fesco Transportation Group, will receive five port cranes in 2020.
Views: 2192
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: 3300

Heavy Lift Across The World

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