Latest news from Heavy Lift & Project Forwarding International Magazine

SMIT achieves net profit of EUR 28 million in first quarter

May 14 - Net profit for SMIT in the first quarter of 2009 amounted to EUR 28 million, including a net contribution of EUR 10 million from the financial settlement of the 'Thunderhorse' project, without which, net profit from normal operating activities sh

SMIT's CEO, Ben Vree, explains: "It is obvious that the present recession is also affecting our industry. 

"Particularly in the harbour towage market and in the spot market of the Transport & Heavy Lift Division, we see the effects of the current recession due to the large number of laid-up vessels, as well as cancelled and delayed projects. 

"More vessels are being laid-up on a daily basis, resulting in a further decrease of shipping activities during the first quarter of 2009. 

"We feel, however, that this recession will generate opportunities for us as well. The trend towards consolidation in our industry will accelerate, which means that we may expect to expand our global network." 

Heavy Lift | News

MACS appoints UAL America as agent thumbnail image

MACS appoints UAL America as agent

April 23 - MACS Maritime Carrier Shipping has appointed Universal Africa Lines, America (UAL America) as its sales agent in Texas, effective June 1, 2019.
Views: 142
EU recognises Scheuerle and Kamag thumbnail image

EU recognises Scheuerle and Kamag

April 23 - The EU Commissioner for budget and human resources, Günther Oettinger, congratulated TII Group for a combined 200 years of innovation and competence at its subsidiaries, Scheuerle and Kamag.
Views: 163
Ceva launches BRI block train thumbnail image

Ceva launches BRI block train

April 22 - Ceva Logistics North Asia has launched a block train service from China to Europe as the company looks to tap into the potential of the Belt and Road Initiative (BRI).
Views: 321
Crowley promotes Sandra Goranovic thumbnail image

Crowley promotes Sandra Goranovic

April 22 - Crowley Maritime has appointed Sandra Goranovic as vice president of finance and accounting for the Crowley Shipping business unit.
Views: 336

Heavy Lift Across The World

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