Latest news from Heavy Lift & Project Forwarding International Magazine

Positive period for TTS Group

August 24 - TTS Group ASA's multipurpose and general cargo unit posted a turnover of NOK38 million (USD4.6 million) in Q2 2015, an improvement on takings in Q2 2014.

TTS reported an EBITDA of NOK700,000 (USD86,000), compared to an EBITDA loss of NOK11.7 million (USD1.4 million) in Q2 2014. It is expected that orders signed in Q2 2015, primarily contracted to jointly controlled Chinese company TTS-SCM, will result in increased activity in the coming quarters.

TTS also reported that both the car carrier and heavy lift market were showing signs of continued positive growth. "We expect significantly increased activity in China in the heavy lift segment, and new contracts within the car carrier segment," said Björn Andersson, TTS ceo.

TTS posted an overall operating profit (EBITDA) of NOK137.8 million (USD16.9 million) in Q2 2015, results that Andersson states indicate "positive, long-term opportunities" for the group.

Heavy Lift | News

Cargolux calls at Incheon thumbnail image

Cargolux calls at Incheon

July 17 - Cargolux Italia has launched a Boeing 747 service between Milan Malpensa Airport, Italy and Incheon, South Korea.
Views: 210
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.
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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”.
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