Latest news from Heavy Lift & Project Forwarding International Magazine

Coastal Bulk Shipping blames low-cost haulage

January 29 - The availability of low-cost road haulage has been blamed for the recent entry into administration of UK coastal and shortsea bulk shipping operator, Coastal Bulk Shipping.

Tim Lowry, the company's managing director, has been quoted as saying that rock-bottom pricing by the road haulage industry was the most significant contributory factor.

The UK industry body Freight by Water supported Lowry's view. Freight by Water's executive director Francis Power commented: "We are very concerned that the economic downturn is resulting in a situation where cost is disproportionately trumping carbon and congestion as our national priority in the distribution of goods. We don't want to see a situation developing where we have a dramatic increase in carbon emissions from road freight movements for the sake of marginal cost savings. At some point market conditions will resume to some sort of equilibrium. OPEC has made clear that it also expects to see a return to higher oil prices (it suggests $80 a barrel). When that happens we'll be back to the wholly unsustainable ways of the past and if we don't have the water and rail freight industries to offer viable alternatives, we'll be stuck there. The flexible and efficient services previously offered by Coastal Bulk Shipping will be greatly missed,especially its ability to take freight, including abnormal loads, off the 
roads."

Heavy Lift | News

UAL vessels gather in Antwerp thumbnail image

UAL vessels gather in Antwerp

August 23 - Three Universal Africa Lines (UAL) ships have been spotted at the port of Antwerp. All three are being loaded with cargoes destined for West Africa.
Views: 236
Höegh rolls to Mombasa thumbnail image

Höegh rolls to Mombasa

August 23 - Höegh Autoliners has shipped 100 breakbulk units destined for a cement plant in Kenya on using two of its ro-ro services.
Views: 209
ALE-Giant executes Formosa works thumbnail image

ALE-Giant executes Formosa works

August 23 - ALE has established a joint venture with Giant Taiwan to handle the movement, transport and storage of wind turbine foundations for the Formosa 1 Phase 2 wind farm.
Views: 189

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