Latest news from Heavy Lift & Project Forwarding International Magazine

Italian banks support Fagioli

October 29 - Fagioli has secured new credit facilities from the group's existing pool of main Italian banks to support a three-year international growth plan and investments in new equipment.

After finalising the sale of its sister company, Interporto di Rivalta Scrivia, in October 2012, Fagioli has undertaken a significant reorganisation over the last 18 months.

The group is now focusing on three core businesses and targeting growth in specific geographical areas of the world. The significant increase in revolving credit and bonding facilities will support the accelerating growth if the business, including further investments in assets, says Fagioli.

Fagioli, which took part in the parbuckling operation of the Costa Concordia (pictured below) and will be involved in its re-floating next year, is developing an advanced skidding and lifting system, with a capacity of 64,000 tonnes, which will be used in the installation of the 42-tonne Hebron Platform in offshore Newfoundland, Canada.

Various other projects in Mexico, Suriname, Canada and the USA are set to be handled by the company and its 2013 turnover is expected to be higher than previously expected.

"The fact that the banks are standing by Fagioli's strategy in this particular moment of difficulty of the national economy, confirms their trust in the company and in its management," says Fabio Belli, ceo of the Fagioli group.

 

 

www.fagioli.it

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: 171
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: 347
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: 408
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: 371

Heavy Lift Across The World

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