Latest news from Heavy Lift & Project Forwarding International Magazine

Decline in heavy lift activity lowers Tiong Woon results

November 15 - Singapore-based Tiong Woon Corporation Holding has cited lower revenue contributions from its heavy lift and haulage, fabrication and engineering, marine transportation and trading segments as a factor in lower results for its 2010-2011 firs

The group saw a lower turnover of SGD28.8 million (USD22 million) from SGD44.8 million (USD34.2 million), mainly because of lower revenue contributions from its heavylift and trading segments. With lower turnover, higher depreciation charges and expenses for scheduled maintenance, the group's profit after tax declined compared to the SGD6.1 million (USD4.6 million) it made in the previous corresponding period.

The group is seeing a rise in project inquiries for heavy lifting services at present as its heavy lift and haulage segment contributed SGD23.1 million (USD17.6 million) to total turnover, compared to SGD29.2 million (USD22.3 million) in the corresponding period a year ago, as it undertook fewer integrated projects. 

Heavy Lift | News

Jan De Nul secures Kriegers Flak work thumbnail image

Jan De Nul secures Kriegers Flak work

August 16 - Jan De Nul Group will transport and install 72 Siemens wind turbine generators – with a capacity of 8.4 MW each – for the Kriegers Flak offshore wind farm in Denmark.
Views: 511
The scrubber solution for GHG emissions thumbnail image

The scrubber solution for GHG emissions

August 16 - Advocates of exhaust gas cleaning systems (EGCS) are championing the use of the technology as a way to reduce global CO2 emissions, as well as complying with the looming IMO sulphur 2020 regulations.
Views: 406
Easter takes on Daseke interim CEO role thumbnail image

Easter takes on Daseke interim CEO role

August 16 - Chris Easter has been appointed interim ceo of North American specialised transport provider Daseke following the retirement of Don Daseke.
Views: 422
SAL Heavy Lift Day returns thumbnail image

SAL Heavy Lift Day returns

August 15 - The fourth SAL Heavy Lift Day will be held at the Steigenberger Hotel in Hamburg on September 18, 2019.
Views: 776

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