Latest news from Heavy Lift & Project Forwarding International Magazine

Lift It secures finance facility

October 9 - Lift It Crane Hire has obtained a GBP250,000 (USD383,920) invoice finance facility from Secure Trust Bank Commercial Finance.

The UK headquartered crane and specialist transport vehicle provider said the funding would be used to assist cash flow, while allowing it to develop its 24-hour service offering.
Lift It currently runs a fleet of ten cranes with lifting capacities ranging from eight and 30 tonnes, plus specialist machinery moving equipment.
Secure Trust Bank set up its Commercial Finance arm in September 2014, as the bank made a push into SME lending. In the first half of 2015, it saw lending surge 214 percent and processed over GBP100 millionof client invoices.
Graham Witts-Davies, managing director at Lift It Crane Hire, said: "We supply our vehicles to an increasingly diverse range of sectors, including energy, construction and shipping. It is therefore vital that in order to provide a flexible and efficient service, we are able to deploy our fleet in a way that maximises its usage. The funding has provided us with the capital required to place our vehicles more effectively."
Craig Stritch, regional sales director at Secure Trust Bank, added: "At a time when construction activity is reaching pre-recession levels, demand for cranes and other specialty vehicles is rising. This means that the 24-hour service offered by Lift It is set to become increasingly valuable."

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: 278
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.
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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.
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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.
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