Latest news from Heavy Lift & Project Forwarding International Magazine

Adani in bumper Dhamra acquisition

May 20 - Adani Ports and Special Economic Zone - one of India's largest private port operators - has acquired Dhamra Port in Odisha in a deal worth approximately USD941 million.

Dhamra Port Co. Ltd, the previous operator of the port, is a joint venture between Larsen & Toubro and Tata Steel. More than one year of negotiation was needed to finalise the bumper deal.

Dhamra Port will now form part of the Adani Port and Special Economic Zone, and will be the group's first fully-fledged port on India's east coast.

Dhamra Port has secured approval to develop 12 new berths for handling breakbulk cargo, as well as oil, LNG, containers, food, grains and fertilisers. Development is scheduled to start in the next three months and is expected to finish by 2020. When fully operational the new berths will be able to handle approximately 100 million tonnes of cargo, taking the port's total handling capacity to in excess of 200 million tonnes.

Heavy Lift | News

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 278
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 659
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 735
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 522

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