Latest news from Heavy Lift & Project Forwarding International Magazine

Ti report predicts 'further consolidation'

July 1 - Transport Intelligence's (Ti) new Global Freight Forwarding 2016 report suggests that while the market is estimated to have contracted by 1.6 percent in 2015, forwarders' revenues were not hit as hard as you might think.

Although both air and sea freight markets contracted due to continuing overcapacity, Ti reports that sea freight suffered the most, contracting by 2.8 percent in nominal terms.

The oil price collapse and excess capacity drove carrier rates into the ground, but this did not seem to impact freight forwarders' revenues too drastically, stated the report.

The systemic impact of low global oil prices has been a double edged sword for freight forwarders, says Ti. While some have been able to increase their profit margin, others have taken a substantial hit to revenues as a result of declining demand for industrial projects.

Following the acquisition of UTi by DSV, the Danish forwarder climbed the sea freight forwarding ranks, with a significant increase in estimated revenues.

Ti economist David Buckby said: "Looking ahead, it would be surprising if there were no further significant deals in the coming years to alter the landscape of the market even more. Further consolidation seems inevitable."

Heavy Lift | News

FROM THE MAGAZINE: Maintenance buoys non-renewable market thumbnail image

FROM THE MAGAZINE: Maintenance buoys non-renewable market

June 27 - The need to maintain, rebuild or upgrade existing power plants to ensure they remain cost-effective and environmentally acceptable is generating significant logistics work for heavy lift service providers and project forwarders, writes Phil Hastings.
Views: 14
Ukraine court orders AN-124 arrest thumbnail image

Ukraine court orders AN-124 arrest

June 27 - The Podilskyi District Court in Kiev, Ukraine, has ordered the seizure of five AN-124 aircraft owned by Russia’s Volga-Dnepr Airlines.
Views: 54
Mozambique green-lights first LNG project thumbnail image

Mozambique green-lights first LNG project

June 27 - After years of delays and setbacks, US oil and natural gas exploration and production company, Anadarko, has been given the go-ahead to develop Mozambique’s first onshore LNG facility. 
Views: 80
Ematec develops traverse lifting system  thumbnail image

Ematec develops traverse lifting system 

June 27 - Ematec has developed its EMT lifting system – a traverse arrangement for stabilising and manipulating heavy loads weighing up to 250 tons (226.8 tonnes).
Views: 93

Heavy Lift Across The World

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