Latest news from Heavy Lift & Project Forwarding International Magazine

Cosco set to add multipurpose ships

March 17 - Unconfirmed reports in the international financial media indicate that Cosco Shipping Co., controlled by China's biggest shipping company, plans to raise almost YUAN4 billion (USD586 million) in a rights offer to buy new vessels amid a recovery

The reports suggest that the shipping line will use the funds to help pay for 18 multipurpose and heavy-lift vessels and two semi-submersibles.

China Shipping Group Co and Pacific Basin Shipping Ltd have also announced plans to buy ships this year as trade and shipping rates recover from the global recession.

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: 131
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.
Views: 190
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.
Views: 144

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