Latest news from Heavy Lift & Project Forwarding International Magazine

Lufthansa Cargo charter arm comes to aid of parent's bottom line

March 29 - Lufthansa Cargo Charter Agency has come to aid of parent company Lufthansa Cargo with a doubling of profits last year despite the loss of a third of revenue.

That was the message at the company's recent Frankfurt press conference as parent company Lufthansa Cargo announced record losses of €171 million (USD229 million) for its 2009 financial year.

Business activity for the charter arm was strong for three main reasons: international charter activities are gaining momentum as there is a noticeable shortage of uplift in some markets; shippers are moving to replenish stocks and inventories in RDCs around the world; and crises in Haiti and Chile have required urgent maindeck activity.

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

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