Latest news from Heavy Lift & Project Forwarding International Magazine

Braemar Shipping Services: Best year ever

May 13 - In reporting its best ever annual results ending February 28th, Braemar Shipping Services identified its Cory Brothers, Fred Olsen and Freight Action business units for particular praise.

Braemar Shipping Services, an international provider of services to the shipping and energy industries, said it had profit of GBP11.5 million (USD17.6 million) in the year ending February 28th, 16 percent more than in the prior year. Revenues was GBP127 million, (USD195 million) for the year, 26 percent more than in the prior year. 

Sir Graham Hearne, chairman of Braemar, said, "Shipping has enjoyed an unprecedented boom over the past three years. Since August 2008, with the contraction of credit and weaker economies, freight rates and vessel values have reverted to pre-boom levels. 

"Our activity is higher than we might have expected with transaction volumes remaining steady and the strength of the U.S. dollar has a positive effect on our results. Our non-broking businesses have begun the new financial year strongly and demand for their services remains good. Overall the prospects for the year are positive."

The group is divided into four businesses: shipbroking, technical, logistics and environmental services.

The company's Braemar Seascope shipbroking group saw revenue increase 14 percent to £60.4 million ($92.6 million) and the company said it had "excellent performance in a year of great upheaval in the market."

Heavy Lift | News

Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 436
POSH to launch maritime training centre in Taiwan thumbnail image

POSH to launch maritime training centre in Taiwan

May 24 - POSH Kerry Renewables – a joint venture of PACC Offshore Services Holding (POSH) and Kerry TJ Logistics – has signed a memorandum of understanding (MoU) to develop Taiwan’s first specialised maritime training centre. 
Views: 347
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 356

Heavy Lift Across The World

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