Latest news from Heavy Lift & Project Forwarding International Magazine

Agility posts profit progress

May 8 - Agility posted a net profit increase of 11 percent at KD11.24 million (USD40 million) in the first quarter of 2014 compared with the same period of 2013.

However, revenues for the first quarter dropped by 11 percent compared with 2013 at KD314.28 million (USD1.1 billion), while EBITDA stood at KD22.48 million (USD80 million), a 4 percent increase on the first quarter of 2013.

"Overall, Agility continues to improve its financial performance by focusing on growing its infrastructure portfolio of companies and simultaneously driving transformation of its core commercial logistics (GIL) business," said ceo of Agility, Tarek Sultan.

Revenue for Agility's Global Integrated Logistics (GIL) business dropped 15 percent to KD253.3 million (USD902.2 million) year-on-year in the first quarter of 2014.

www.agilitylogistics.com

Heavy Lift | News

Caldwell calls on Peacock thumbnail image

Caldwell calls on Peacock

October 11 - USA-based Caldwell Group has appointed Malcolm Peacock as a business development specialist as the company looks to expand in the Middle East.
Views: 1082
Trade wars take their toll on confidence thumbnail image

Trade wars take their toll on confidence

October 10 - Confidence in the shipping industry has fallen to its lowest level for two-and-a-half years, according to the latest survey from BDO.
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Kotug International and Horizon join forces thumbnail image

Kotug International and Horizon join forces

October 10 - Kotug International and Horizon Maritime Services have formed Kotug Canada, a joint venture that will offer terminal and harbour towage services across Canada.
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