Latest news from Heavy Lift & Project Forwarding International Magazine

Tough climate impacts Tiong Woon

May 7 - Heavy lift and specialist service provider Tiong Woon Corporation has reported a turnover of USD25.92 million for the three-months ending March 31, 2015 - a 6 percent year-on-year decline.

The revenue decrease was attributed to fewer heavy lift and installation projects undertaken by the company's Heavy Lift and Haulage department.
Tiong Woon also saw profitability slip to USD1.73 million in the trading period - a 41 percent fall from USD2.93 million twelve months previously. The company said challenging conditions in the oil and gas and petrochemical industries harmed profitability.
It said the outlook for the oil and gas industry is likely to remain soft as oil prices remain relatively low. However, Tiong Woon sees opportunities for heavy lift and project work at the upcoming Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Malaysia, as well as ongoing public infrastructure work taking place in Singapore.

Heavy Lift | News

ACE Belgium readies for launch thumbnail image

ACE Belgium readies for launch

April 25 - ACE Belgium Freighters is preparing to launch its scheduled and charter services out of Liège Airport after receiving its air operator’s certificate (AOC) from the Belgian Civil Aviation Authority.
Views: 199
Carrick joins ACS board thumbnail image

Carrick joins ACS board

April 25 - UK-headquartered charter specialist Air Charter Service (ACS) has named Richard Carrick as a non-executive director to its group board.
Views: 183
Scott-Macon adds with Tadano thumbnail image

Scott-Macon adds with Tadano

April 25 - USA-based Scott-Macon Equipment has purchased four Tadano Mantis telescopic boom crawler cranes.
Views: 159

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