Latest news from Heavy Lift & Project Forwarding International Magazine

Tough climate impacts Tiong Woon

May 7 - Heavy lift and specialist service provider Tiong Woon Corporation has reported a turnover of USD25.92 million for the three-months ending March 31, 2015 - a 6 percent year-on-year decline.

The revenue decrease was attributed to fewer heavy lift and installation projects undertaken by the company's Heavy Lift and Haulage department.
Tiong Woon also saw profitability slip to USD1.73 million in the trading period - a 41 percent fall from USD2.93 million twelve months previously. The company said challenging conditions in the oil and gas and petrochemical industries harmed profitability.
It said the outlook for the oil and gas industry is likely to remain soft as oil prices remain relatively low. However, Tiong Woon sees opportunities for heavy lift and project work at the upcoming Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Malaysia, as well as ongoing public infrastructure work taking place in Singapore.

Heavy Lift | News

RRS plans open house event thumbnail image

RRS plans open house event

August 14 - Rapid Response Solutions (RRS) will showcase the entire range of Hydra-Slide skidding equipment at its Portsmouth, UK facility on September 10, 2019.
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Mammoet keeps it clean in Texas

August 13 - Mammoet has introduced a wash facility to clean its fleet of heavy equipment at its facility in Rosharon, Texas.
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