Latest news from Heavy Lift & Project Forwarding International Magazine

Andre Grikitis from Intermarine says keep a sharp lookout

January 23 - Writing on Intermarine's website, the company's president and CEO Andre Grikitis says that to date, project carriers have not felt the full effects of a declining worldwide economy.

This segment of the shipping industry may not be as devastated by this pronounced economic downturn, but enjoys no immunity from the negative consequences that will follow.

"How do we, as an industry, guard against the potentially crippling effects of a worldwide recession?" he asks. Effective communication is vital between project owners, planners and providers throughout the entire transportation cycle. The industry must be adaptable.

"Since the world is now experiencing unprecedented events, I expect the unexpected will be part of the near term landscape. The ability to avoid rash decisions, conflicts and disputes that seem to manifest themselves in turbulent times is imperative, otherwise imprudent behaviour will result in misplaced energies," he says.

The functioning of an experienced, trained and efficient staff will now be particularly important to respond to an unprecedented number of contractual changes. As corporate budgets are tightened, the decision to invest in personnel development will now face increased internal scrutiny and, perhaps, opposition.

"Summing up, we all need to be on high alert in these rough seas and continue to promote the fundamentals and nuances of our business. Those with broad and deep experience, market knowledge gained over time, and proven stability must keep a firm grasp on the wheel and be prepared to weather the storm," he concludes.

Heavy Lift | News

EGL in transformer move thumbnail image

EGL in transformer move

May 21 - Egyptian Global Logistics (EGL) has unloaded and transported two transformers destined for a power station at Damietta Furniture City.
Views: 171
Multipurpose charter rates dip thumbnail image

Multipurpose charter rates dip

May 21 - Time charter rates in the multipurpose shipping sector have declined over the last month, according to the latest data from shipbroker Toepfer Transport.
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Seaboard ups Savannah services thumbnail image

Seaboard ups Savannah services

May 21 - The port of Savannah in Georgia has welcomed itsĀ first Seaboard Marine vessel call earlier this month, and the shipping line is preparing to launch additional services from the port.
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