Latest news from Heavy Lift & Project Forwarding International Magazine

EIB funds Lithuanian Railways

June 3 - The president of the European Investment Bank (EIB), Werner Hoyer, has signed a EUR50 million (USD65.2 million) loan agreement with Lithuanian Railways for the acquisition of new rolling stock.

This is the third EIB operation aimed at modernising Lithuanian Railways - the first was for the upgrading of railway infrastructure, with the second loan supplied for the purchase of new locomotives.
The third loan will be used to purchase 590 new wagons (150 tanks, 140 open-top, 100 covered, 200 platform wagons). The freight wagons will be used predominantly for cross-border railway traffic between Lithuania and CIS countries.
The EIB is the long-term lending arm of the European Union and is owned by the EU member states. It makes finance available to projects that contribute towards EU policy goals. In this case, the new rolling stock will contribute toward the EU and Lithuania's environmental targets. The new wagons will reduce noise pollution by approximately 50 percent, decrease maintenance costs, improve net weight ratios and boost efficiency.

Heavy Lift | News

Cory moves to Ipswich office thumbnail image

Cory moves to Ipswich office

October 18 - UK-headquartered Cory Brothers has relocated its office in Felixstowe to Ipswich town centre.
Views: 284
Bichowski joins AMT thumbnail image

Bichowski joins AMT

October 18 - Switzerland-headquartered logistics and supply chain specialist AMT has appointed Frank Bichowski as its chief commercial and operations officer.
Views: 290
Hughes-Hallett passes after long illness thumbnail image

Hughes-Hallett passes after long illness

October 18 - James Hughes-Hallett, former chairman of Hong Kong’s Swire Group and London-based shipbroker Clarksons, has passed away at the age of 70.
Views: 317

Heavy Lift Across The World

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