Latest news from Heavy Lift & Project Forwarding International Magazine

Oil majors must remain integrated

May 26 - The best way for oil companies to survive the current low prices is to remain integrated, according to Ed Osterwald, senior partner, CEG Europe. Oil companies such as BP that sell refineries when margins are low will suffer more and might not eve

He suggested that Canada, in a sense, is in the same situation that the Middle East was in 30 or 40 years ago; Canada is now realising that it needed to invest in adding value to its natural reserves with processing and chemical plants. 

"Just because oil prices go down, it does not always mean there is no investment," he said. But it is a mixed message for the heavy lift and project forwarders attending the exhibition as history shows that when oil prices go down, capital, labour and other costs go down as well.

Osterwald predicted that renewable energy sources would replace coal but that oil and gas would continue to be vital until the technological solutions for mass energy storage were found. 

www.ceg-global.com

Heavy Lift | News

Modulift performs locomotive lift thumbnail image

Modulift performs locomotive lift

May 24 - Modulift has provided equipment to lift a steam locomotive, built in 1926, on behalf of Swanage Railway, a tourist attraction in the UK.
Views: 442
Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 574
USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 503
POSH to launch maritime training centre in Taiwan thumbnail image

POSH to launch maritime training centre in Taiwan

May 24 - POSH Kerry Renewables – a joint venture of PACC Offshore Services Holding (POSH) and Kerry TJ Logistics – has signed a memorandum of understanding (MoU) to develop Taiwan’s first specialised maritime training centre. 
Views: 442

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