Latest news from Heavy Lift & Project Forwarding International Magazine

Vestas factory closure threatens turbine shippers

August 12 - Carriers and project forwarders involved in the shipment of wind turbines may have been dealt a blow today with the news that Vestas Wind Systems is to close its blade factory on the Isle of Wight, UK.

In a statement, Vestas said it is investing in "significant production" in the US and cited shipping as a major factor in its decision to close the site.

Its statement said: "The expansion in the US has created substantial excess production capacity in Northern Europe - which has so far also manufactured turbines for the US market - and it does not make sense, from an environmental and cost perspective, to ship turbines overseas instead of providing them locally."

Plans to convert production at the factory to a blade type more suitable for the UK market were shelved, due to unfavourable market conditions, weak currencies and a lack of political support at a local level, Vestas added. 

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: 278
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: 659
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: 737
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: 522

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