Latest news from Heavy Lift & Project Forwarding International Magazine

Logwin improves operating margin in first quarter

May 5 - The Logwin Group has reported revenues of EUR278.5 million (USD386.5 million) for the first quarter of 2014, a significant decrease on the EUR320.7 million (USD445million) achieved in the same period of 2013, which the company says is due to dives

Despite this significant decrease, the operating result (EBIT) of EUR 8.0 million (USD11.1 million) matched last year's level. The operating margin improved to 2.9 percent.

The company's Air + Ocean business segment generated revenues of EUR151.3 million (USD210 million) in the first quarter of 2014, slightly above the figure for the same period of 2013 (EUR148.9 million (USD206.6 million).

For the full year 2014, Logwin Group says it expects an improved result against the prior year despite the volatile market environment and one-time expenses for measures aiming at improving profitability.

Heavy Lift | News

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Crowley names Goldenberg

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Wilson and Arkon partner up thumbnail image

Wilson and Arkon partner up

May 28 - Wilson and Arkon Shipping have agreed to combine parts of their operations and create one of the largest shortsea bulk shipping players in Europe.
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BIFA repeats its call for Brexit extension thumbnail image

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