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

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: 222
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.
Views: 252
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”.
Views: 647

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