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Heavy Lift Across the World

Forwarders see volumes up, but profits down

October 28 - Two of the world's largest transport and logistics companies, both with a significant presence in the movement of heavy and OOG project cargoes have reported significant increases in transport volumes in the third quarter of 2009 compared to

However, both Panalpina and Kuehne + Nagel said that nine-month volume growth and gross profit performance remain significantly below expectations.

For Panalpina, volumes fell by 25 percent year-on-year based on a nine-month comparison, although airfreight increased by 10 percent between the second and third quarter.

Kuehne + Nagel's seafreight volumes increased by 11 percent between the second and third quarters and said its gross profit was reported to be 7.3 percent below the figure for the first nine months of last year, whereas Panalpina's gross profit in the first nine months declined by nearly 19 percent year-on-year.

Heavy Lift | News

Damen ships multiple hulls with Boskalis thumbnail image

Damen ships multiple hulls with Boskalis

June 25 - Royal Boskalis Westminster’s heavy lift vessel Black Marlin has departed Shanghai loaded with 18 Concordia Damen hulls and a crane barge.
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FROM THE MAGAZINE: Road rules drive cargoes on to rail thumbnail image

FROM THE MAGAZINE: Road rules drive cargoes on to rail

June 24 - Germany is seeing more project cargoes switching to rail as road regulations are more strictly enforced, while in Russia the sheer distances involved ensure the economic advantages of rail, writes Yvonne Mulder.
Views: 336
Duke steps up at Grieg Star thumbnail image

Duke steps up at Grieg Star

June 21 - Matt Duke is to succeed Camilla Grieg as ceo of Grieg Star, effective July 1, 2019. 
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Heavy Lift Across The World

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