Latest news from Heavy Lift & Project Forwarding International Magazine

Cargolux loses out in 2012

April 24 - Luxembourg headquartered B747 freighter operator Cargolux International Airlines has reported a net loss of USD35.1 million for financial year 2012 off revenues of just under USD1.74 billion.

Cargolux noted, however, that the loss is markedly below the USD57 million forecast for FY2012, due to positive volume growth experienced in the last quarter of 2012.
In 2012, the airline carried 645,759 tonnes of cargo. Cargolux also continued with its fleet renewal programme replacing older B747-400 freighters with four of the larger, more fuel efficient B747-8F. At the end of 2012 its fleet was made up of 11 B747-400F and six B747-8F aircraft.
Paul Helming, chairman of the board of directors, Cargolux International Airlines commented: "Considering the state of the industry and the economic difficulties worldwide, Cargolux fared better than anticipated in 2012, that gives me hope for the current year."

The company added that it is implementing a new business plan designed to return the carrier to profitability in 2014.

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: 235
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: 593
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: 624
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: 475

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