Latest news from Heavy Lift & Project Forwarding International Magazine

Tiong Woon sees early signs of markets picking up

February 10 - Singapore-based Tiong Woon Corporation (TWC), an integrated services provider for the oil and gas and petrochemical industries specialising in heavy lift and installation of process equipment, has seen a net profit after tax and non-controll

This compares with SGD23.1 million (USD16.32 million) it made in the previous corresponding period, reflecting difficult market conditions, says the company.

"We are starting to see signs and indicators that our markets are beginning to pick up. We remain optimistic about the long-term prospects of our business," says chairman and managing director Ang Kah Hong.

Group turnover stood at SGD82.3 million (USD58.13 million), 14 percent lower than figure achieved during the first half of the last financial year.

The group's heavy lift and haulage segment recorded SG56.1 million (USD39.62 million) in turnover, a decline partly explained by a drop in the utilisation rate for its lower-tonnage cranes.

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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