Latest news from Heavy Lift & Project Forwarding International Magazine

Q1 slowdown at IAG

May 10 - IAG Cargo - the air freight division of the International Airlines Group - has seen its revenue for Q1 2013 drop by 7.2 percent year-on-year to EUR270 million (USD350.9 million).

IAG Cargo flew approximately 1.36 billion cargo tonne kilometres (CTK) in Q1 2013, representing a year-on-year decrease of 8 percent. Cargo capacity was down 1.7 percent.
Commercial revenue per-CTK for the quarter improved by 0.8 percent year-over-year.
IAG Cargo was formed two years ago following the merger of British Airways World Cargo and Spain's Iberia Cargo. Steve Gunning, managing director of IAG Cargo commented: "During the first quarter we have seen weak market conditions, particularly on the North American trade lanes. Industrial action at Iberia during February and March also affected the load factors."

Heavy Lift | News

Mammoet in Meyer takeover thumbnail image

Mammoet in Meyer takeover

May 22 - Mammoet has agreed to acquire heavy lifting, installation and assembly specialist Meyer Anlagenbau.
Views: 479
Grool appointed at Zeaborn Ship Management thumbnail image

Grool appointed at Zeaborn Ship Management

May 22 - Rob Grool has been appointed ceo of Zeaborn Ship Management. He succeeds Holger Strack, who has been acting as the company’s interim ceo since the beginning of the year.
Views: 279
Breakbulk Europe kicks off thumbnail image

Breakbulk Europe kicks off

May 21 - More than 550 exhibitors are preparing for the start of this year’s Breakbulk Europe exhibition, which kicks off later today in Bremen. 
Views: 432

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