Latest news from Heavy Lift & Project Forwarding International Magazine

TGP in trouble in Australia

August 5 - According to reports in the Australian media, Trans Global Projects Pty Ltd, the Australian arm of one of the industry's most well-respected brands has entered voluntary administration.

The reports suggest that a significant creditor of Trans Global Projects Pty is the McAleese Group, which is reported to have stated that it is owed AUD7.3 million by Trans Global Projects Pty.

The reports indicate that McAleese Group expects the first meeting of creditors of Trans Global Projects Pty to be held by mid-August.

HLPFI readers may recall that Heavy Haulage Australia (HHA), another company in which the McAleese Group owns 50 percent, was placed into voluntary administration in June 2015 and folded in July after no investor was found.

It will be interesting to see what, if any, provision against this latest debt will be reflected in McAleese Group's 2015 results.

Trans Global Projects Group declined to comment on the news.

www.tglobal.com

www.mcaleese.com.au

Heavy Lift | News

Cory moves to Ipswich office thumbnail image

Cory moves to Ipswich office

October 18 - UK-headquartered Cory Brothers has relocated its office in Felixstowe to Ipswich town centre.
Views: 190
ALE executes pit move thumbnail image

ALE executes pit move

October 18 - ALE has lifted and transported a sulphur storage facility for the Lindsey Oil Refinery in the UK.
Views: 130
Bichowski joins AMT thumbnail image

Bichowski joins AMT

October 18 - Switzerland-headquartered logistics and supply chain specialist AMT has appointed Frank Bichowski as its chief commercial and operations officer.
Views: 183

Heavy Lift Across The World

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