Latest news from Heavy Lift & Project Forwarding International Magazine

Montrose secures grant

Montrose Port Authority has received a GBP1.5 million (USD2 million) Ports Mode Shift Grant (PMSG) from the Scottish Government.

 

The grant will support the development of two new quaysides - berths seven west and eight. The improvements will increase the port's capacity and allow larger vessels to dock at the port.

Over a five-year period, the developments at the port are expected to remove 1.26 million tonnes of freight from Scottish roads as well as cut an estimated 86,000 lorry journeys.

The changes to the quaysides are expected to be completed in summer 2019.

www.montroseport.co.uk

Heavy Lift | News

Oaktree invests in Watco thumbnail image

Oaktree invests in Watco

January 9 - Oaktree Capital Management has formed a strategic partnership with Watco Companies that will see the Los Angeles-based private equity firm invest USD450 million in the Kansas-heaquartered transportation company.
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DSV announces expansion  thumbnail image

DSV announces expansion 

January 2 - DSV has released plans of a major investment to expand its headquarters in Copenhagen, Denmark. 
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DFDS adds to lifting capacity in Immingham thumbnail image

DFDS adds to lifting capacity in Immingham

December 24 - DFDS has taken delivery of a 124-tonne lifting capacity Liebherr mobile harbour crane at its terminal in Immingham, UK in preparation for the launch of enhanced DFDS liner services between Immingham, Norway and Belgium at the start of 2019.
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Metalmark invests in T. Parker Host thumbnail image

Metalmark invests in T. Parker Host

December 20 - Having acquired the 254 acre (102 ha) Avondale Shipyard in New Orleans, USA in October, maritime services provider T. Parker Host has received strategic investment from private equity firm Metalmark Capital.
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