Latest news from Heavy Lift & Project Forwarding International Magazine

Boskalis to sell Kotug Smit

Royal Boskalis Westminster and Kotug International have signed a letter of intent (LOI) to sell its joint venture Kotug Smit Towage to the Boluda Group.

Photo credit: Kotug Smit Towage

Under the terms of the LOI, Kotug Smit Towage is valued at EUR300 million (USD340 million). Boskalis said that it expects to receive approximately EUR90 million (USD102 million) in cash for its 50 percent stake in the company.

The deal is subject to customary conditions, including approval from regulatory agencies. The transaction is expected to close in the second half of 2019.

www.kotugsmit.eu

www.boluda.com.es

www.kotug.com

boskalis.com

Heavy Lift | News

Kässbohrer on display at bauma thumbnail image

Kässbohrer on display at bauma

March 22 - Kässbohrer is showcasing its range of lowbed trailers at the bauma 2019 exhibition, which takes place between April 8-14 in Munich.
Views: 334
Elbe Project Cargo Line launched thumbnail image

Elbe Project Cargo Line launched

March 22 - Sächsische Binnenhäfen Oberelbe, in cooperation with Deutsche Binnenreederei, launched the Elbe Project Cargo Line (EPCL) – a liner service for oversize and heavy project cargoes.
Views: 536
Mammoet moves for Mitsubishi thumbnail image

Mammoet moves for Mitsubishi

March 22 - Mammoet has delivered and installed 120 pressure vessels and modules for the construction of the Caribbean Gas Chemical Limited (CGCL) methanol and dimethyl ether (DME) plant in La Brea, Trinidad and Tobago.
Views: 707

Heavy Lift Across The World

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