Latest news from Heavy Lift & Project Forwarding International Magazine

Singapore Harbour shows sign of the times as capacity laid up

March 26 - A colleague was taken aback when he saw the images of the ships laid up at Singapore Harbour because falling demand has made them unprofitable to operate.

The striking shot reminds us of nothing less than the great Royal Navy reviews pre-World War II off the Isle of Wight. However, instead of naval might defending a world empire, these are ships that have been defeated by a world economic crisis. They are not all container ships, of course, many are bulk and oil carriers which were built when the maritime industry boomed and the good times seemed set to last.

Not only does each ship represent lost business for the forwarders and shipping lines but we are concerned that each laid up ship means a laid up crew, much of whom will be lost to the industry as they seek less risky employment on land.

It's a sobering thought as so many pundits toss around arguments for and against the economic situation, its cause and eventual solution, out in the Singapore Harbour roads these reminders of excess and redundant capacity serve to show the consequences of what has been in our headlines for the last two years.

Heavy Lift | News

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: 113
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: 121
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.
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Ruud Gullit revealed as guest speaker at Heavy Lift Awards thumbnail image

Ruud Gullit revealed as guest speaker at Heavy Lift Awards

September 17 - HLPFI can exclusively reveal that Ruud Gullit - Ballon d'Or winner and former AC Milan, PSV, Chelsea, Feyenoord, and the Netherlands international football icon - will be kickstarting the inaugural Heavy Lift Awards 2019 ceremony.
Views: 361

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