Latest news from Heavy Lift & Project Forwarding International Magazine

Necotrans on the brink?

June 26 - France-based freight forwarding and logistics group Necotrans is remaining tight-lipped on recent reports in the French media that it is about to be placed under judicial protection by the commercial court in Paris.

The reports indicated that the company, which has a significant focus on African logistics approached the court to seek the opening of insolvency proceedings and that is was due to appear before the court today.

Necotrans had not responded to a request for comment, but other reports suggest that a recent takeover bid for the group from Singapore's Olam Group in early June had been rejected.

It has been widely reported that Necotrans, which has been badly affected by the sharp and prolonged downturn in the oil and gas segment, has been up for sale for some time.

Necotrans was involved in re-negotiations at the end of last year with its creditors, which led to job and office cuts, as well as the sale of it stake in a container terminal company in Gabon to Bolloré.

Heavy Lift | News

Well positioned to ride out the crisis thumbnail image

Well positioned to ride out the crisis

April 9 - Lucius Bunk, director at shipowner Auerbach Schifffahrt, discussed the current and potential impacts of the Covid-19 crisis on multipurpose shipping, along with the group's plans for the years ahead.
Views: 231
Container shipping’s complex Covid-19 reaction thumbnail image

Container shipping’s complex Covid-19 reaction

April 9 - A wave of consolidation in container shipping has made the sector more robust over the past five-seven years. Nonetheless, the outbreak of Covid-19 will be a considerable stress on all container shipping finances, according to analyst Ti.
Views: 250

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