Latest news from Heavy Lift & Project Forwarding International Magazine

Valleyfield secures funding

The port of Valleyfield in Canada has received a CAD3.5 million (USD2.67 million) grant from the Québec government to support its marine transportation infrastructure investments.

The contribution will help the port implement its development plan, which includes an increase in accessible paved staging and warehousing capacities. Funds will be allocated to enhance the port’s security gate and increase truck weighing capabilities.

The planned berth 8 project will allow the port to accommodate the increasing size of general cargo vessels entering the seaway.

Frank Dunn, president of Valleyfield-based Valport Maritime Services, said: “Canada’s largest ‘small’ port just got larger which has dramatically enhanced our capacity and productivity.

“New bulk and project cargo clients are amazed at our growth and ability to accommodate their projects.”

The total cost of the port’s projects is estimated at CAD7.2 million (USD5.5 million).

www.valport.ca

www.portvalleyfield.com

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.
Views: 2855
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. 
Views: 2707
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.
Views: 3098
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.
Views: 2888

Heavy Lift Across The World

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