Latest news from Heavy Lift & Project Forwarding International Magazine

Tiong Woon incorporates Myanmar subsidiary

June 4 - Singapore headquartered Tiong Woon Corporation Holding (TWCH) has incorporated its wholly-owned subsidiary in Myanmar - Tiong Woon Myanmar Company Limited (TWMCL).

The registered capital of TWMCL is USD451,890 and comprises 500,000 shares valued at USD0.90 each.
 
Under its incorporation TWMCL will provide marine services and heavy machinery rental. Agency business, technical, consultancy and advisory services will also be delivered. TWMCL will undertake feasibility studies on new projects, as well as project formulation, appraisal and evaluation. It will also be responsible for installation, maintenance and renovation services for electrical and electronic goods.
 
The new investment was funded from TWCH internal financial resources and is not expected to impact the group's consolidated net assets or earnings per share in the current financial year.
 
www.tiongwoon.com

Heavy Lift | News

Winners revealed at Heavy Lift Awards thumbnail image

Winners revealed at Heavy Lift Awards

October 16 - Almost 400 guests gathered at the inaugural Heavy Lift Awards ceremony last night at the Hilton Old Town hotel in Antwerp to celebrate the achievements of the heavy lift, specialised transport and project logistics sector.
Views: 858
Marguisa teams up with NileDutch thumbnail image

Marguisa teams up with NileDutch

October 16 - Marguisa has signed an agreement with NileDutch that will see the company’s Calabar service expanded with additional port calls in the Republic of the Congo and São Tomé and Príncipe.
Views: 318
DSV warns of cuts at Panalpina thumbnail image

DSV warns of cuts at Panalpina

October 15 - Corporate functions and positions at Panalpina may be cut or relocated to DSV’s headquarters in Denmark, as the companies continue with the integration process.
Views: 785

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.