Latest news from Heavy Lift & Project Forwarding International Magazine

Agility prepares for challenges

March 29 - Agility recorded a net profit of KWD53 million (USD175 million) in the 2015 financial year, a 5 percent increase compared with 2014.

Revenue for the year was KWD1.3 billion (USD4.3 billion), while EBITDA stood at KWD100 million (USD331 million).

Agility ceo Tarek Sultan said that the company made "good progress" in 2015 but still had a "demanding road ahead". He noted that Agility improved its cash flow in spite of challenging economic times, adding that the company's longer term target is to reach an EBITDA of USD800 million by 2020.

Agility's Global Integrated Logistics (GIL) business segment recorded revenues of KWD997 million (USD3.3 billion) - a 6 percent year-on-year decline, which Agility attributed to "challenging and volatile market conditions" and "exposure to currency fluctuations".

The logistics provider recorded a better performance within its freight forwarding business, particularly in ocean freight volumes and improved yields. However, Agility noted that airfreight volumes softened towards the end of the year.

"For 2016, we see a mixed picture clouded by slower growth in emerging markets, ongoing sluggishness in the Eurozone, geopolitical instability in various parts of the world, and the continuation of low oil prices," said Sultan.

Heavy Lift | News

Big Carl arrives at Bristol Port thumbnail image

Big Carl arrives at Bristol Port

May 23 - Sarens’ SGC 250 crane is presently in storage at Bristol Port, UK ahead of its delivery to the Hinkley Point C nuclear power plant.
Views: 44
CakeBoxx enters coil market thumbnail image

CakeBoxx enters coil market

May 22 - CakeBoxx Technologies has launched the 20 ft CoilBoxx container, specifically designed for the transportation of steel and aluminium coils.
Views: 304
Mammoet in Meyer takeover thumbnail image

Mammoet in Meyer takeover

May 22 - Mammoet has agreed to acquire heavy lifting, installation and assembly specialist Meyer Anlagenbau.
Views: 571

Heavy Lift Across The World

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