Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

USD250 million funding target for Dockwise as 3i sells stake

October 19 - Dockwise has announced that it will seek to raise up to USD250 million in fresh equity to pay off debt and prepare for future growth.

The Company has signed agreements with certain existing shareholders, and, subject to certain conditions, with new investor Sankaty Advisors LLC and expects to sign such agreements with HAL Investments B.V. ("HAL") and Project Holland Deelnemingen B.V./Project Holland Fonds ("Project Holland Fonds") later today. 

These investors commit to provide Dockwise with fresh capital to support it in the next phase of its development. In addition, the three new investors have acquired all of the shares in the Company held by 3i Delphi Cöoperatief B.A. ("3i"). 

Dockwise, whose shares are already listed on the Oslo Stock Exchange, also plans to seek a share listing in Amsterdam to increase liquidity in the Company's shares.

Most of the fresh equity will come from direct placement to HAL Investments and Project Holland Deelneemingen.

Existing shareholders who have not participated in the directed placement will have rights to participate in the equity exercise through a subsequent offering.

André Goedeé, Chief Executive Officer, Dockwise Ltd, said: "In the two years since listing on the Oslo Stock Exchange, we have seen the business grow in annual revenues from USD 290 million to USD 457 million in 2008. The initiative announced today will provide Dockwise with a sustainable capital structure and a solid foundation for the Company's future development.

Heavy Lift | News

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: 410
ALS moves in Hull thumbnail image

ALS moves in Hull

June 14 - UK-headquartered Abnormal Load Services (ALS) is relocating to larger premises in Hull.
Views: 376
Seville ships Haliade towers thumbnail image

Seville ships Haliade towers

June 14 - Tower sections that will make up General Electric’s (GE) Haliade-X offshore wind turbine have been loaded onto the multipurpose vessel Palmerton at the port of Sevilla, Spain.
Views: 415
Gantry on the move thumbnail image

Gantry on the move

June 13 - Collett & Sons loaded a 100-tonne gantry onto double bogie trailers ahead of a 250 mile (402.3 km) journey from the heavy haulier's depot in Goole to Gatwick, UK.
Views: 434

Heavy Lift Across The World

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