Latest news from Heavy Lift & Project Forwarding International Magazine

Dockwise Yacht Transport sold

October 18 - Royal Boskalis Westminster (Boskalis) has sold Dockwise Yacht Transport (DYT) to Amsterdam-based Sevenstar Yacht Transport, which is part of the Spliethoff Group.

With the acquisition of Dockwise in March 2013, Boskalis also acquired the activities of Dockwise Yacht Transport (DYT), but says that the latter's activities have no strategic value and do not fit with the group's existing core business.

Boskalis reports that the sale of the DYT activities, which includes two dedicated semi-submersible yacht transport vessels (Super Servant 4 and Yacht Express) was for USD40 million, adding that this divestment will not have a material impact on Boskalis earnings.

Readers may recall that in November 2011, the then independent Dockwise announced it had signed a letter of intent to sell DYT to Coby Enterprises Corp, supported by private equity and with participation of the existing management of DYT, but that deal never came to fruition.

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: 1035
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.
Views: 602
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.
Views: 681

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.