Latest news from Heavy Lift & Project Forwarding International Magazine

Cartagena refinery expansion on hold after finance failure

March 16 - Glencore International has failed to provide promised funding for the USD2.8 billion expansion of Colombia's second largest refinery in Cartagena.

Swiss-based Glencore was unable to secure finance to fund the original USD630.7 million offered in 2006 and the USD260 million it proposed to inject later for further expansion of the project.

 

Commercial manager at the port, Giovanni Benedetti, however, remains optimistic: "It is a big project that signifies a lot of movement of cargo. We hope that this continues and goes forward. Glencore is negotiating its exit and there is a lot of optimism for a new partner."

 

Hernan Martinez, Colombia's minister for mines and energy has offered a maximum of USD658 million for the Glencore's 51 percent stake and other minority partner, Colombian state-owned oil company Ecopetrol, has opened talks with more potential partners, among them, Brazil's state owned Petrobras.

 

 

 

 

 

 

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: 34
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: 59
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: 67

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