Latest news from Heavy Lift & Project Forwarding International Magazine

Panalpina sees Q1 2013 profit

May 8 - Switzerland headquartered international forwarder Panalpina has achieved a consolidated profit of CHF14 million (USD14.97 million) in the first quarter of 2013 - in Q1 2012 the company reported net loses of CHF41 million (USD43.83 million).

The return to profit comes on the back of Q1 revenues of CHF1.6 billion (USD1.71 billion) - up four percent year-on-year.
According to Panalpina, the air freight division continues to struggle in a shrinking market; overall volumes were down by 3 percent. However, the company's ocean freight division grew strongly - it shipped 7 percent more teu in Q1 2013 than in the year previously.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
Views: 202
Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 147
Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
Views: 139

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