Latest news from Heavy Lift & Project Forwarding International Magazine

Konecranes completes Indian crane acquisition

August 11 - Further to our report on February 21, Konecranes has now completed the second phase of its acquisition of WMI Cranes Ltd increasing its ownership from 51 to 100 percent.

Konecranes acquired WMI's shares in two phases. In the first phase in February, Konecranes acquired 51 percent of the shares for INR1,690 million (USD37.3 million). In the second phase Konecranes purchased the remaining 49 percent of the shares. The total price for 100 percent of the shares in WMI amounted to INR3,578 million (USD79.05 million).

Konecranes says that the acquisition marks an important step in strengthening its position in the growing Indian crane market. In 2010, WMI's net sales exceeded EUR30 million (USD42.7 milion) and it has a strong order book to support further net sales growth in 2011.

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: 216
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: 556
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: 584
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: 449

Heavy Lift Across The World

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