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

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: 334
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: 722
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: 835
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: 580

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