Latest news from Heavy Lift & Project Forwarding International Magazine

Record profit for Fairstar

February 15 - Fairstar Heavy Transport achieved record profits of USD12.4 million in 2009.

Total revenue of USD 50.7 million and EBITDA of USD 24.3 million, based on total fleet utilisation of 81 percent contributed to a solid year end for Fairstar.

Mark de Haas, CFO commented: "Our shareholders deserve to be rewarded for their patience and support over the last three years. In spite of the challenging global market, FJORD and FJELL have demonstrated their value to our owners by continuing to achieve time charter revenues averaging USD 80,000 per day.

Philip Adkins, CEO, added: "The market for heavy transport services now distinguishes ships that can provide high value solutions to complex energy infrastructure logistics from those that operate in the converted tanker segment.

FJORD and FJELL are now well-established and attractive options for our demanding client base. We are confident that our profits will continue to grow."

Heavy Lift | News

Crosby delivers training courses thumbnail image

Crosby delivers training courses

April 19 - The Crosby Group has conducted two rigging training courses in the USA on behalf of its distribution partner, B.C. Wire Rope & Rigging.
Views: 266
Egbert joins at Weserport thumbnail image

Egbert joins at Weserport

April 19 - Rudolf Egbert has been appointed to the management of Bremen-based terminal operator Weserport.
Views: 431
Ritchie realigns in North America thumbnail image

Ritchie realigns in North America

April 19 - Ritchie Bros has made two senior appointments, effective July 1, 2019, as the company aims to realign its organisation in North America.
Views: 309

Heavy Lift Across The World

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