Latest news from Heavy Lift & Project Forwarding International Magazine

MEO acquires half of Uniwise

October 29 - Singapore-headquartered Miclyn Express Offshore (MEO) has executed a sale and purchase agreement to acquire 50 percent of the shares in Uniwise Towage Limited (UWT) from Svitzer Asia.

Based in Thailand, UWT, which has been operating since 1999 as a joint venture between Svitzer and the Unithai Group, operates a fleet of five marine support vessels and utility vessels, which are all chartered to oil companies in Thailand.

MEO has agreed to purchase all of Svitzer's shares in UWT for a consideration of USD18.9 million.

"This acquisition is a natural extension of the position we have built up in Thailand in offshore vessel support services," says ceo of MEO, Diederik de Boer.

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: 334
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: 722
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: 835
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: 580

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