Latest news from Heavy Lift & Project Forwarding International Magazine

Newbuildings could profit from falling steel price

January 13 - Substantial falls in steel plate prices could produce the first decline in the cost of newbuildings since 2004.

The cost of some ship types are forecast to fall by as much as one fifth this year as a result of depressed ordering activity and cheaper steel costs, according to industry analysts.

Rikard Vabo, an analyst with Norwegian investment bank Fearnley Fonds, considers that a fall in steel plate prices, in combination with a complete standstill in new ordering, order cancellations and increased competition, will result in a significant decline in newbuilding prices. He considers newbuilding prices could fall 20-30 0n 2009

Heavy Lift | News

Crowley realigns activities thumbnail image

Crowley realigns activities

May 17 - Crowley Maritime Corporation has realigned its shipping and solutions business units in a bid to enhance its focus on non-asset based customer solutions.
Views: 354
Bob Felix joins UTC thumbnail image

Bob Felix joins UTC

May 17 - UTC Overseas has appointed Bob Felix to its rail logistics team as director of specialised projects.
Views: 547
Qube in LCR takeover thumbnail image

Qube in LCR takeover

May 17 - Australia-based Qube Holdings has acquired industrial logistics service provider LCR Group in a deal valued at AUD135 million (USD93.2 million).
Views: 375

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