Latest news from Heavy Lift & Project Forwarding International Magazine

New European canal back on track

November 21 - A multi-billion-euro transport infrastructure project to link the inland waterways network of the Greater Paris region with that of the Benelux countries and beyond, appears to be back on track.

The future of the Seine Nord Europe Canal was called into question last year when potential private investors in the French state-backed project withdrew support.

But at a meeting last month, Siim Kallas, European Commission (EC) vice-president, Transport and EU Transport ministers signed a joint declaration affirming that there was provision for the Community to finance up to 40 percent of the Canal within the framework of the 2014-2020 budget, compared to only just over 6 percent under initial plans.

It follows an announcement by the Commission that the EU's transport infrastructure budget over this period will be more than triple that of the previous seven years (2007-2013).

Commission officials say the project has a high added-value rating being cross-border in scope and offering the sustainable solution of taking freight traffic off the roads and on to barges.

Construction, which focuses on building a 106 kilometre, 54 m wide canal to link the Seine and Scheldt rivers, could get underway in 2015 and take six years or more to complete.

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: 133
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: 322
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: 371
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: 347

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