Latest news from Heavy Lift & Project Forwarding International Magazine

Dockwise delivers strong financial performance

February -27- Dockwise has revealed Q4 2008 revenues up 61% to USD 135 million (Q4 2007: USD 84 million) and adjusted revenues up 50% to USD 495 million (FY 2007: USD 330 million) for the full year 2008.

Net profit for 2008 was USD 47 million compared to a USD 76 million loss in 2007.

Commenting on the results, Andre Goedee, CEO of Dockwise Ltd said: "2008 was an outstanding year. We completed the transformation of our company while also delivering against demanding financial objectives.

"At the same time, we delivered our core services with the reliability and safety that our clients expect. In view of our transformed capabilities, I am encouraged to see Dockwise tendering successfully for an increasing number of projects.

"The fourth quarter was the strongest quarter ever in Dockwise's history providing a stepping stone to 2009. Immediate generation of free cash flows will enable us to substantially decrease our net debt level in the current year and to de-lever our balance sheet." 

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: 120
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: 316
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: 363
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: 344

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