Latest news from Heavy Lift & Project Forwarding International Magazine

Forwarders see revenues rise

August 5 - Expeditors International registered second quarter gross revenue growth of 67 percent and increased net sales by 27 percent.

The company appears to be benefiting from a growing recovery in global trade 
posting a profit of USD90.3 million, up from USD54.1 million a year 
earlier.

Total revenue surged 69 percent to USD1.52 billion. 
Expeditors saw airfreight revenues nearly double, whilst oceanfreight 
revenues jumped 65 percent.

Meanwhile, DSV's interim results for 2010 show consolidated turnover for the 
first six months (ended 30 June) rose from DKK 18.267 billion (USD 3.233 
billion) in the first half of 2009 to DKK 20.406 billion (USD 3.612 
billion).

Earnings before interest, tax and amortisation (ebita) increased from DKK 
804 million (EUR 142.298 million) to DKK 1.038 billion (around USD183.71 
million).

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: 292
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: 676
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: 774
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: 539

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