Latest news from Heavy Lift & Project Forwarding International Magazine

Record year for Wilh Wilhelmsen as high and heavy comes to its rescue

February -12-The Wilh Wilhelmsen (WW) maritime group achieved an operating income of USD3.4 billion in 2008, up by more than 25ompared with 2007's USD2.7 billion.

High and heavy shipments, currently a niche operation for the mainly finished automobile-carrying ro-ro line, are set to gain importance this year as the traditional manufactured car traffic looks set to plummet.

Net operating profit came to USD351.6 million, compared with USD265.7 million. Operating income for the fourth quarter amounted to USD853.4 million, up from USD740.1 million for the same period in 2007.

Operating profit came to USD134.0 million, compared with USD58.9 million.Ingar Skaug, group chief executive of WW, said: "We expect a decline in car volumes for 2009, and although the short term outlook for high and heavy and project cargoes are somewhat down, we deem the underlying demand to be more stable."

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: 234
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: 353
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: 274

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