Latest news from Heavy Lift & Project Forwarding International Magazine

Cargolux flies high in 2018

For the second year running, Cargolux has reported an increase in net profit after tax, despite softening demand for its services in the second half of 2018.

Net profit after tax for 2018 totalled USD211.2 million, a significant increase on 2017’s results, which stood at USD122.3 million.


Cargolux added that 2018 presented many challenges, including a shorter peak period compared to 2017, uncertainty regarding potential trade wards and Brexit, as well as geopolitical unrest. Despite this, the airline’s aircraft utilisation rate remained stable.


Richard Forson, Cargolux president and ceo, noted: “Strong focus on the management of our capacity and yields, increased demand for specialised shipments, a record year for our charter division and the diversification into offering aircraft, crew, maintenance, and insurance (ACMI) solutions all contributed to the performance achieved.”


www.cargolux.com

Heavy Lift | News

AET places Kalmar order thumbnail image

AET places Kalmar order

June 14 - Antwerp Euroterminal (AET) has placed an order for six Kalmar forklifts, including a fully electric model. 
Views: 478
Multipurpose charter rates remain stable thumbnail image

Multipurpose charter rates remain stable

June 14 - Time charter rates in the multipurpose shipping sector have remained stable over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 577
Buss launches JV with Idea thumbnail image

Buss launches JV with Idea

June 14 - Hamburg-based Buss Offshore Solutions and French logistics provider Idea established a joint venture that will serve the offshore market in France.
Views: 541

Heavy Lift Across The World

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