Latest news from Heavy Lift & Project Forwarding International Magazine

Kuehne + Nagel doesn't expect market recovery just yet

July 20 - Kuehne + Nagel says that its half-year results confirm the Group's dual strategy of counteracting the economic crisis through strict cost management and a commitment to market share expansion.

The company's gross profit was only 6.7 per cent below (currency-adjusted: 2.5 per cent above) the figure for the previous year's period. The operational result (EBITDA) decreased by 12.1 per cent (currency-adjusted: by 6.2 per cent) and net earnings by 16.2 per cent (currency-adjusted: by 11.8 per cent) to CHF 258 million.

In a statement on the company's website, Reinhard Lange, chief executive, said he forecasts the drop in the market volume for airfreight to be somewhere in the middle of the 15% drop forecast by competitors, while he expects seafreight volume to slip 10% in 2009.

For the second-quarter ended June 30, the company said its oceanfreight volumes increased 10equentially, as did air cargo volume, because the company increased market share.

According to the website statement, the company continues to mull acquisitions, which might include acquisitions to support niche activities, similar to the company's purchase earlier this year of Norway-based J. Martens, which provides services to the oil and gas industries.

The statements reveal little specific information about Kuehne + Nagel's activities in regards to project forwarding logistics. 

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: 295
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: 679
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: 783
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: 542

Heavy Lift Across The World

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