Latest news from Heavy Lift & Project Forwarding International Magazine

Business News from November 2016

Huge investment planned for Philadelphia thumbnail image

Huge investment planned for Philadelphia

November 29 - November 29 - Pennsylvania's governor Tom Wolf has announced a comprehensive capital investment programme at the Port of Philadelphia that will result in over USD300 million of investment in the port's infrastructure, warehousing and equipment through to
Views: 1231
HSH meets potential buyers thumbnail image

HSH meets potential buyers

November 28 - November 28 - Reports on the Reuters website, suggest that German bank HSH Nordbank has been meeting with potential buyers in London ahead of its planned privatisation next year.
Views: 1432
Forth Ports names Booth thumbnail image

Forth Ports names Booth

November 28 - November 28 - Forth Ports has appointed Gavin Booth as its new business development manager to focus on oil and gas support and decommissioning activity.
Views: 1084
EC green lights Hapag-Lloyd and UASC merger thumbnail image

EC green lights Hapag-Lloyd and UASC merger

November 25 - November 25 - The European Commission has approved the merger between Hapag-Lloyd and UASC - subject to certain conditions, including the latter withdrawing from the North Atlantic trade.
Views: 1412
Eye-watering loss for Nord/LB thumbnail image

Eye-watering loss for Nord/LB

November 25 - November 25 - German state bank Nord/LB, the country's second-largest ship financer, revealed a further decline in results on Thursday and indicated that its full-year losses would surpass an eye-watering EUR1 billion (USD1.05 billion).
Views: 1436
Misnak moves tank quartet thumbnail image

Misnak moves tank quartet

November 25 - November 25 - Misnak International has coordinated the relocation of four liquefied petroleum gas (LPG) bullet tanks, weighing 450 tonnes each, at Port Reitz in Mombasa, Kenya.
Views: 1443
Chapman adds managerial pair thumbnail image

Chapman adds managerial pair

November 24 - November 24 - Chapman Freeborn Airchartering has appointed Pierre van der Stichele to the role of group cargo operations director.
Views: 1345
BigMove makes Scheuerle buy thumbnail image

BigMove makes Scheuerle buy

November 18 - November 18 - The BigMove network, which comprises 13 companies in Germany, the Netherlands, Belgium, Austria and Poland, has ordered a total of 12 EuroAxle vehicles from trailer manufacturer Scheuerle.
Views: 1495
Making the most of the downturn thumbnail image

Making the most of the downturn

November 16 - November 16 - GAC Group president Bengt Ekstrand noted during a recent managers' conference that the company is pushing for greater innovation and flexibility in order to cope with turbulent global markets, and has maintained a solid balance sheet despite
Views: 2051
GAC adds Indian manager thumbnail image

GAC adds Indian manager

November 16 - November 16 - GAC Shipping (India) has appointed C Krishnakumar as general manager, logistics services for its Chennai office.
Views: 1939
TTS predicts heavy lift challenges thumbnail image

TTS predicts heavy lift challenges

November 15 - November 15 - TTS Group posted a NOK5 million (USD593,000) loss in EBITDA for the first nine months of 2016 in its multipurpose/general cargo business unit, which it attributed to customer-initiated delays in project deliveries combined with a slow market
Views: 1523
Changes at the top for PACC Offshore thumbnail image

Changes at the top for PACC Offshore

November 15 - November 15 - Effective January 1, 2017, offshore marine services provider, PACC Offshore Services (POSH) is promoting current chief operating officer, Lee Keng Lin to the newly created role of deputy chief executive officer.
Views: 1147
Hapag-Lloyd ups profit thumbnail image

Hapag-Lloyd ups profit

November 14 - November 14 - Hapag-Lloyd has closed the third quarter of 2016 with a net profit of EUR8.2 million (USD8.7 million), compared with EUR3.2 million (USD3.4 million) in the same period of 2015.
Views: 1308
Mediaco acquires SMMI Levage thumbnail image

Mediaco acquires SMMI Levage

November 14 - November 14 - In France, the Mediaco group, which specialises in crane rental and specialised transport engineering services has bought SMMI Levag.
Views: 1437
GAC wins SHL contract thumbnail image

GAC wins SHL contract

November 14 - November 14 - GAC UK has been appointed by Seaway Heavy Lifting (SHL) to provide shipping services support for the construction and installation of 84 new turbines as part of a major wind farm expansion project in the UK, which will increase generating ca
Views: 2027
Revenues up for Tiong Woon thumbnail image

Revenues up for Tiong Woon

November 11 - November 11 - Tiong Woon Corporation achieved revenue of SGD34.4 million (USD24.35 million) in first quarter of its 2016-2017 financial year ending September 30, an increase of SGD1.3 million (USD0.92 million) or 4 percent for the same period of 2015.
Views: 1551
Tampa names Kass thumbnail image

Tampa names Kass

November 11 - November 11 - Florida's Port Tampa Bay has appointed Sal Kass as vice president of operations, with effect from January 1, 2017.
Views: 908
Revenues decline at Rickmers thumbnail image

Revenues decline at Rickmers

November 11 - November 11 - Rickmers Group generated consolidated revenues of EUR373.6 million (USD406.1 million) in the first nine months of 2016 - a 15 percent decline compared with the same period of 2015.
Views: 1431
Results down for Wilhelmsen thumbnail image

Results down for Wilhelmsen

November 11 - November 11 - Wilh. Wilhelmsen Holding (WWH) has reported a decrease in total income and operating profit compared with the previous quarter. During the quarter, the group made significant steps towards restructuring its shipping, logistics and maritime s
Views: 1517
No change for Boskalis outlook thumbnail image

No change for Boskalis outlook

November 11 - November 11 - Royal Boskalis Westminster (Boskalis) closed its third quarter of 2016 in line with expectations.
Views: 833
Proctor up at OMA thumbnail image

Proctor up at OMA

November 11 - November 11 - OMA Group has appointed Neale Proctor as sales and commercial director, with immediate effect.
Views: 1495
Agility grows in 'challenging' market thumbnail image

Agility grows in 'challenging' market

November 10 - November 10 - Agility has posted a net profit of KWD15.17 million (USD49.9 million) for the third quarter of 2016, representing an 11 percent increase compared to the third quarter of 2015.
Views: 1097
Sun shines for GLA thumbnail image

Sun shines for GLA

November 10 - November 10 - South Africa based Global Logistics Alliance (GLA) has signed two important contracts to handle the transport of cargo for solar farms that are being built in the country - Kathu Solar Park and Ilanga CSP 1.
Views: 1403
Investment floods into Antwerp thumbnail image

Investment floods into Antwerp

November 9 - November 9 - Massive investments in the Port of Antwerp will be welcome news to providers of heavy lift capacity, specialised transport engineering and project forwarding services, with various heavy and oversize cargoes being required for parts of the co
Views: 1409
Warriors see Fairplay thumbnail image

Warriors see Fairplay

November 9 - November 9 - Denmark's Fairplay Shipping has completed the return of an important exhibition of China's first Emperor, Qin Shi Huang's Terracotta Warriors to China.
Views: 1548
Appointments round up thumbnail image

Appointments round up

November 9 - November 9 - CSX, has promoted Michael Rutherford to vice president, industrial products, to lead all sales and marketing activities for the US railroad company's recently-expanded industrial products portfolio, which includes housing and construction mat
Views: 1956
DPDHL hails successful Q3 thumbnail image

DPDHL hails successful Q3

November 9 - November 9 - Deutsche Post DHL Group has reported a significantly increased profit for the third quarter, "despite a weak economic tailwind" according to ceo Frank Appel.
Views: 1235
Columbia and Marlow explore merger thumbnail image

Columbia and Marlow explore merger

November 8 - November 8 - Columbia Shipmanagement and Marlow Navigation have confirmed that they are discussing a potential merger or collaboration to extend their cooperation in the maritime training sector.
Views: 1224
Four into two for SRT thumbnail image

Four into two for SRT

November 7 - November 7 - SRT Transportation Solutions has executed several interesting projects in the last few months, including two steam generators being relocated across the USA.
Views: 1068
Abis ships go under hammer thumbnail image

Abis ships go under hammer

November 4 - November 4 - Sources close to the situation have told HLPFI that ships within Abis Shipping's fleet of multipurpose vessels are going under the hammer, after the bank pulled its financial support for the ships.
Views: 1832
Modulift names Mexican rep thumbnail image

Modulift names Mexican rep

November 3 - November 3 - Modulift has appointed below-the-hook equipment provider Cargo Lift as its first distributor in Mexico.
Views: 922
DSV freight volumes grow thumbnail image

DSV freight volumes grow

November 2 - November 2 - DSV's Air & Sea division has posted a 51 percent year-on-year increase in sea freight volumes for the first nine months of 2016, along with an 84 percent increase in airfreight volumes, when compared with the same period last year.
Views: 1204
Singapore to invest in offshore future thumbnail image

Singapore to invest in offshore future

November 2 - November 2 - Singapore's minister of trade and industry, S. Iswaran, has stated that the government is studying the need for measures in the marine and offshore engineering sectors.
Views: 1396
Terex suffers in challenging market thumbnail image

Terex suffers in challenging market

November 2 - November 2 - Terex Corporation posted income from continuing operations of USD33.3 million in the third quarter of 2016, compared with USD30.3 million in the same period of 2015.
Views: 1437
ABC heads to Heathrow thumbnail image

ABC heads to Heathrow

November 2 - November 2 - London's Heathrow Airport has welcomed AirBridgeCargo Airlines (ABC) as its second dedicated cargo-only service.
Views: 1449
Ship operating costs set to rise further thumbnail image

Ship operating costs set to rise further

November 1 - November 1 - Vessel operating costs are expected to rise by 1.9 percent in 2016 and 2.5 percent in 2017, according to the latest survey by shipping consultant Moore Stephens.
Views: 1244

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