Latest news from Heavy Lift & Project Forwarding International Magazine

McAleese in administration

September 19 - Australia's McAleese Group, which operates a heavy haulage and lifting business, has entered into voluntary administration.

HLPFI reported in March that the Australian transport provider had suspended trading in its shares and deferred the release of its 2015 financial results, as it considered recapitalisation plans.

On August 29, four McGrathNicol partners were appointed voluntary administrators of McAleese, following the company's failure to resolve disputes with shareholders.

International media reports suggest that major shareholder and co-founder of McAleese, Mark Rowsthorn, could now be forced to step down from the company.

Creditors have also allegedly been told that a number of companies are circling the assets of the troubled transport provider.

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: 292
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: 676
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: 772
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: 539

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