Latest news from Heavy Lift & Project Forwarding International Magazine

Pan Ocean and Harim ink deal

December 23 - A memorandum of understanding has been signed between Pan Ocean and its preferred bidder, a consortium comprising Harim Group and JKL.

Pan Ocean said in an announcement on the Singapore stock exchange that the key terms of the MoU include "to set the rights and obligations of the company [Pan Ocean] and the preferred bidder" and "to set the terms and conditions for the negotiation of the investment details, such as assessment and fixing the undertaking account, etc."
Pan Ocean said that it will grant Harim and JKL exclusive rights for preferential negotiation for three months after the MoU is signed, or until the removal date of the MoU, or until the date of investment contract agreement - whichever is earliest. However, the grant period can be extended with agreement of both parties and with approval from the Korean court.
Harim and JKL will carry out an inspection for 15 working days from January 5, 2015.

Another announcement on the Singapore stock exchange stated that lawyer Christopher Anand Daniel has been appointed independent director of Pan Ocean for a one-year term, beginning December 24, 2014.

Heavy Lift | News

Meyer steps down from Zeaborn thumbnail image

Meyer steps down from Zeaborn

July 18 - Ove Meyer, co-founder of Zeaborn has resigned as managing director, including his role at Zeamarine.
Views: 409
Bishop takes AWRS thumbnail image

Bishop takes AWRS

July 18 - Bishop Lifting Products has completed the acquisition of American Wire Rope & Sling (AWRS), a leading provider of rigging, lifting and overhead crane solutions.
Views: 281
CITB readies for Alaska’s ice-free season thumbnail image

CITB readies for Alaska’s ice-free season

July 18 - Cook Inlet Tug & Barge (CITB), a subsidiary of Foss Maritime Company, has announced that the 2019 ice-free season on Alaska’s North Slope are under way.
Views: 240
Sutton steps up at Crowley thumbnail image

Sutton steps up at Crowley

July 18 - Crowley Maritime has appointed Peter Sutton as vice president of operations integrity and health, safety, security and environment (HSSE) for its shipping business unit.
Views: 272

Heavy Lift Across The World

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