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

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.
Views: 239
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: 637

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