Latest news from Heavy Lift & Project Forwarding International Magazine

Allcargo exits ship-ownership

Mumbai-headquartered Allcargo Logistics has exited the shipowning and coastal shipping business by selling its last vessel.

At one point, the company operated a fleet of five ships. Commenting on the development, Prakash Tulsiani, executive director and ceo at Allcargo Logistics, said: “The growth in coastal bulk shipping has remained slow. Consequently, the segment did not contribute significantly in line with our outlook through the last seven years. This decision was made keeping in mind the ongoing shipping recession.”

He added that the company would focus on the global container shipping sector.

www.allcargologistics.com

Heavy Lift | News

GE responds to fraud allegations thumbnail image

GE responds to fraud allegations

August 19 - General Electic (GE) has issued a statement in response to allegations that the company is engaging in accounting fraud worth USD38 billion.
Views: 154
Chapman Freeborn and Maximus Air team up thumbnail image

Chapman Freeborn and Maximus Air team up

August 19 - Chapman Freeborn Airchartering and Maximus Air Cargo have transported a magnetic resonance imaging (MRI) machine to Addu Atoll in the Maldives.
Views: 137
Haliade-X components on the move thumbnail image

Haliade-X components on the move

August 19 - A wind turbine blade from LM Wind Power, measuring 107 m long, has arrived at the port of Blyth in the UK for testing at Offshore Renewable Energy Catapult’s facilities.
Views: 170

Heavy Lift Across The World

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