Latest news from Heavy Lift & Project Forwarding International Magazine

Pan Ocean for sale

October 2 - Having received approval from the relevant court, Korean shipowner Pan Ocean has put itself up for auction.

An announcement on the Singapore stock exchange stated that the court has approved the public advertisement on the public tender notice of mergers and acquisitions, which will proceed with a public bidding process.

The sale was advertised in two South Korean newspapers; the Maeil Business Newspaper and Korea Economic Daily.

Pan Ocean - which was called STX Pan Ocean at the time - went into receivership in June 2013 having incurred debts of more than USD4.8 billion.

In April of this year, the shipping line cancelled an order for a 30,000 dwt semi-submersible vessel, thought to have been valued at USD80 million.

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
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Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 71
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
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