Latest news from Heavy Lift & Project Forwarding International Magazine

Babcock & Brown Infrastructure seeks to reassure users

March -16- Babcock & Brown Infrastructure (BBI), the ports and terminals owner, which has around 20 bulk, breakbulk and project cargo terminals in various ports across Europe, has sought to reassure its users that it is operating normally despite the appo

The company, which recently appointed Royal Bank of Scotland to sell all or part of the UK's third-largest ports operator, PD Ports, indicated that the process would not have any direct effect on its asset sales process, businesses or its operations.

A company spokesman has indicated that BBI's businesses continue to operate as usual, and its essential services infrastructure assets are performing well.

It is understood that BBI does not have any loan or other financing arrangements with B&B or other companies in the group, and that BBI has separate ownership, boards, management and legal structures.

B&B called in administrators after New Zealand shareholders voted down a AUSD3.2Bn (USD2.07Bn) debt restructuring plan.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
Views: 201
Tyne moves Bedford lifeboat thumbnail image

Tyne moves Bedford lifeboat

April 18 - After almost two years in covered storage, the historic Bedford lifeboat has been relocated from the port of Tyne to the North East Maritime Trust’s yard in the UK, ahead of a restoration project.
Views: 99
Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 145
AAL calls in Felixstowe thumbnail image

AAL calls in Felixstowe

April 18 - AAL has made its inaugural call at the UK’s port of Felixstowe to deliver four rubber-tyred gantry cranes (RTG).
Views: 175

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