Latest news from Heavy Lift & Project Forwarding International Magazine

Three Lines Shipping seeks investor

April 24 - Three Lines Shipping (TLS), a UAE-based transportation and logistics company, has confirmed reports that it is looking for an investor to help boost its regional expansion and grow its brand.

The company's ceo Rafeeq KK confirmed that an investment of between USD15-20 million is expected for a majority stake depending on the type of investor.

TLS said it is looking for an investor with good understanding of the business and practices in the logistics and transportation sector.

The company added that it has been approached by private equity firms but no deal has been agreed so far.

TLS, which employs 150 employees and operates in five Middle East Gulf countries, is owned by a group of investors that is looking at Saudi Arabia as a geographical expansion along with key investments in improving its asset bases and business capabilities.

 

Rafeeq KK.

 

www.threelineshipping.com

Heavy Lift | News

Sims Crane appoints Lester thumbnail image

Sims Crane appoints Lester

July 19 - Florida’s Sims Crane & Equipment has named Jared Lester as its business development manager. 
Views: 493
ITI and FHS to open Florida training centre thumbnail image

ITI and FHS to open Florida training centre

July 19 - Florida Handling Systems (FHS), a Mazzella Company, and Industrial Training International (ITI) have confirmed that they will develop a training centre in Bartow, Florida.
Views: 495

Heavy Lift Across The World

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