Latest news from Heavy Lift & Project Forwarding International Magazine

Al Jaber to sell transport unit?

August 12 - International media reports suggest that Abu Dhabi's construction, engineering and marine services operator, Al Jaber Group, is preparing to sell its transport and lifting subsidiary, Al Jaber Heavy Lift.

The reports suggest that Al Jaber has hired Barclays to find buyers for the unit. Bloomberg News, which first reported the possible sale, suggested that it could be worth USD500 million to USD1 billion.

Imad S. Al Najjar, Al Jaber's corporate communications & public relations director stated that Al Jaber Group does not have any comment on what was published by Bloomberg and Khaled Abdulla, Barclays' head of communications for the Middle East, also declined to comment to HLPFI.

In June, Al Jaber concluded a debt restructuring deal with its creditors after more than three years of negotiations.

Heavy Lift | News

First steel cut for Mammoet Focus  thumbnail image

First steel cut for Mammoet Focus 

October 15 - The first steel has been cut for Mammoet’s Focus 30 crane – a heavy lifting solution for use in confined spaces such as plants and inner cities.
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Equipment Corps installs exchangers at Syncrude refinery thumbnail image

Equipment Corps installs exchangers at Syncrude refinery

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AAL selects SEDNA thumbnail image

AAL selects SEDNA

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Caldwell calls on Peacock thumbnail image

Caldwell calls on Peacock

October 11 - USA-based Caldwell Group has appointed Malcolm Peacock as a business development specialist as the company looks to expand in the Middle East.
Views: 1304

Heavy Lift Across The World

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