Latest news from Heavy Lift & Project Forwarding International Magazine

New ship deal for NSCSA

June 29 - The National Shipping Co. of Saudi Arabia has signed a 'murabaha' financing agreement with the Saudi British Bank (SABB) and the National Commercial Bank for SR822.6 million (USD219.3 million) that will finance 80 percent of the cost to construc

NSCSA, which has an option for two additional ships, revealed that these ships will be used in a liner service connecting the U.S. East Coast to the Middle East (Red Sea-Arabian Gulf) and to the Indian Subcontinent via Europe, replacing four ships approaching the end of working lives.

The contract for the ships was originally signed in early March - see the news item on this website - and delivery is expected to start towards the end of 2012.

Chief executive officer, Eng. Saleh Nasser Al-Jasser said the 26,000 dwt ships will be able to carry containers, general freight as well as project and ro-ro cargoes. The ships are equipped with heavy lift cranes and despite a lower deadweight than the ships which they are replacing, these new ships have a larger capacity and lower fuel consumption.

The July/August edition of HLPFI will include a market report on the Kingdom of Saudi Arabia. For last minute advertising or editorial opportunities, please contact Luke King - [email protected]

Heavy Lift | News

BigMove goes digital for licenses thumbnail image

BigMove goes digital for licenses

July 17 - BigMove – a European alliance of 13 medium-sized logistics companies – is introducing digital driving licenses for its network of 1,000 drivers.
Views: 15
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: 498
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: 432
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: 551

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