Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

TBS heads for Ireland

October 21 - The decision by TBS International to move its corporate domicile from Bermuda to Ireland appears to be the result of US tax change proposals.

A statement issued by the company cites: "continued criticism and negative publicity regarding companies incorporated in countries, including Bermuda, that do not have tax treaties with the US".

The statement added that "there have been legislative and regulatory proposals that could increase taxes for these companies".

TBS said that it chose Ireland because it is a member of the EU that has a tax treaty with Washington. The new parent, TBS-Ireland, will be listed on NADSAQ using the existing symbol 'TBSI'.

HLPFI readers will recall that TBS took delivery of the newly-constructed vessel Rockaway Belle in September, the first in a series of six "Roymar Class" 34,000 dwt multipurpose tweendecker vessels that the the company has ordered. TBS expects delivery of four more vessels in 2010 and the last vessel in 2011.

Heavy Lift | News

Allseas wins decommissioning work thumbnail image

Allseas wins decommissioning work

September 20 - Allseas has been awarded a contract for the removal, transfer, load in and disposal of the Gyda platform in the Norwegian part of the North Sea.
Views: 126
Innovation overhauled thumbnail image

Innovation overhauled

September 20 - DEME’s offshore installation vessel Innovation has undergone a major refit at Damen’s Verolme shipyard in Rotterdam.
Views: 114
Sun shines with Chipolbrok thumbnail image

Sun shines with Chipolbrok

September 20 - Chipolbrok has delivered a range of heavy and oversized components using its vessel Chipolbrok Sun, including 56 wind turbine tower sections in Piteå, Sweden.
Views: 125
Demag delivers for Wiesbauer thumbnail image

Demag delivers for Wiesbauer

September 20 - Germany-based crane service provider Wiesbauer has added a Demag AC 300-6 all-terrain crane to its fleet.
Views: 111

Heavy Lift Across The World

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