Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

Solid earth for PD Ports?

July 7 - Speculation continues about the future ownership of PD Ports with reports in the financial media suggesting that Terra Firma, a leading British buyout firm, is preparing a bid for the subsidiary of Babcock & Brown Infrastructure.

According to the UK's Sunday Times newspaper, others looking at an investment in PD Ports include Carlyle, CVC Capital, HgCapital and Star Capital.

PD Ports has been on the market for several months, and previously, BBI had said that it expects to have binding bids for all or part of the company by the early autumn and that it was discussing proposals with interested parties. PD ports operates Teesport, the U.K.'s second-largest port by tonnage, and has numerous facilities involved in handling overdimensional and heavy project cargoes.

Heavy Lift | News

Bravo for Pioneering Spirit thumbnail image

Bravo for Pioneering Spirit

June 19 - Allseas’ installation and decommissioning vessel Pioneering Spirit has removed the 25,000-tonne Brent Bravo topsides from the North Sea.
Views: 269
Brett joins port of Tyne thumbnail image

Brett joins port of Tyne

June 18 - Simon Brett has joined the UK’s port of Tyne as commercial director of port services.
Views: 434
Apollo completes refit at DSDu thumbnail image

Apollo completes refit at DSDu

June 18 - DEME Offshore’s latest heavy lift jack-up vessel Apollo has completed a one-month conversion project at Damen Shiprepair Dunkerque (DSDu).
Views: 341
Cargolux adds Santiago call thumbnail image

Cargolux adds Santiago call

June 18 - B747 operator Cargolux Airlines has re-introduced Santiago de Chile as a call on its South American service.
Views: 375

Heavy Lift Across The World

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