Latest news from Heavy Lift & Project Forwarding International Magazine

Tiong Woon performs in 2013

May 9 - Singapore headquartered Tiong Woon Corporation Holding has issued its financial results for the nine months ending March 31, 2013.

The company has seen a 32 percent rise in revenue year-on-year to SGD145 million (USD118.1 million). Net profit for the 2013 trading period stood at SGD13.1 million (USD10.67 million) - in 2012 the Tiong Woon scored a SGD900,000 profit (USD732,780).
Tiong Woon attributed the gains to increased demand from the heavy lift and haulage, fabrication, engineering and trading segments.
Notably, Tiong Woon has seen demand for its Heavy Lift and Haulage services surge in the first nine months of 2013, resulting in revenue growth of 35 percent year-on-year to SGD110 million (USD89.5 million).

"Despite the prevailing economic uncertainties and competitive environment in which Tiong Woon operates, our financial results have shown that we have done well," commented Tiong Woon's group chairman and managing director, Ang Kah Hong.

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: 198
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: 162
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: 192

Heavy Lift Across The World

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