Latest news from Heavy Lift & Project Forwarding International Magazine

ST Engineering signs JV to form Hovertrans Solutions

January 13 - Singapore Technologies Engineering Ltd (ST Engineering) subsidiary, Singapore Technologies Marine Ltd (ST Marine) has signed a joint venture agreement with Hovertransport Consultants Ltd (Hovertransport) and Clearstone Investments LLC (Clears

ST Marine will hold a 51 percent stake in Hovertrans Solutions, while the remaining 49 percent shareholding will be held equally between Hovertransport and Clearstone.

ST Marine paid USD600,000 to acquire the intellectual property rights and other business considerations with another USD600,000 as working capital into the new Hovertrans Solutions.

Hovertrans Solutions seeks to exploit the use of hoverbarges for heavy lift in difficult terrain in the global oil and gas, and specialist transportation industries.

"This strategic partnership to form Hovertrans Solutions leverages our mutual design and engineering capabilities, through which we intend to jointly develop new innovative product offerings and solutions and actively pursue opportunities to grow the business." said Chang Cheow Teck, president, ST Marine.

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: 186
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: 255
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: 215

Heavy Lift Across The World

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