Latest news from Heavy Lift & Project Forwarding International Magazine

Ups and downs for Agility

August 8 - Despite a drop in revenue, Agility posted a net profit of KWD15 million (USD49.7 million) in the second quarter of 2016 - an 11 percent increase compared with the same period of 2015.

Agility recorded revenue of KWD309 million (USD1.02 billion) in the reporting period, representing a 6 percent year-on-year decrease.

"We started the year on a good note and are sustaining this momentum as the year progresses," claimed Agility ceo Tarek Sultan.

"Within our Global Integrated Logistics (GIL) business, we are making gains even in the face of a challenging freight forwarding market because we have found ways to be more efficient, improve productivity, demonstrate financial discipline and make operations more responsive to the marketplace and customers' needs."

Within its GIL business, revenues dropped 10 percent year-on-year, which Agility attributed to low shipping and fuel rates in the market.

Despite a subdued freight forwarding market, Sultan noted that the company was able to record growth in its air and ocean markets by focusing on products and markets that are growing.

www.agility.com

Heavy Lift | News

ESTA joins EC best practise project thumbnail image

ESTA joins EC best practise 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 practise in the wind power sector”.
Views: 112
LDA installs kite system  thumbnail image

LDA installs kite system 

July 16 - Louis Dreyfus Armateurs (LDA) has fitted its ro-ro vessel Ville de Bordeaux with an AirSeas kite system, as it looks to develop the use of wind propulsion technologies.
Views: 219
Sarens partners with Moir Crane thumbnail image

Sarens partners with Moir Crane

July 16 - Sarens has teamed up with Canada’s Moir Crane as the two companies look to capitalise on the region’s upcoming construction projects.
Views: 219
Karl Gross teams up with Natco thumbnail image

Karl Gross teams up with Natco

July 15 - Bremen-headquartered Karl Gross Group and Natco SA have formed an exclusive partnership in South Africa.
Views: 407

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