Latest news from Heavy Lift & Project Forwarding International Magazine

Skeptical outlook from HSH Nordbank

November 8 - The continuing euro sovereign debt crisis and the general economic downturn in the maritime freight sector has prompted German bank HSH Nordbank to state that it needs much higher provisions for losses on its shipping loans.

The bank said it the now expects "much higher loan loss provisioning than previously planned for the legacy loans in the shipping business" as well as increasing default rates in this core segment of its client business.

When presenting its half-year results recently, HSH Nordbank stated that it no longer believes that the situation on the international shipping markets will improve rapidly and does not expect the sector to bottom out for another 12 to 18 months.

Heavy Lift | News

ESTA joins EC best practise project thumbnail image

ESTA joins EC best practise 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 practise in the wind power sector”.
Views: 245
LDA installs kite system  thumbnail image

LDA installs kite system 

July 16 - Louis Dreyfus Armateurs (LDA) has fitted its ro-ro vessel Ville de Bordeaux with an AirSeas kite system, as it looks to develop the use of wind propulsion technologies.
Views: 293
Sarens partners with Moir Crane thumbnail image

Sarens partners with Moir Crane

July 16 - Sarens has teamed up with Canada’s Moir Crane as the two companies look to capitalise on the region’s upcoming construction projects.
Views: 300
Karl Gross teams up with Natco thumbnail image

Karl Gross teams up with Natco

July 15 - Bremen-headquartered Karl Gross Group and Natco SA have formed an exclusive partnership in South Africa.
Views: 479

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