Latest news from Heavy Lift & Project Forwarding International Magazine

Expansion to go ahead at Lemesos port

January 7 - The Cyprus Ports Authority (CPA) is going ahead with a contract which will see the port of Lemesos' western basin quay extended by 500 m, increasing its total length to 1,270 m.

The quay extension, which is the second stage of a EUR60 million (USD83 million) project, aims to meet the need to accommodate larger container and ro-ro vessels and cargo growth, as a result of the expected lifting of the Turkish embargo.
The first phase of the project saw the port deepened by 16 m in the western basin and 17 m in the port's turning circle and entrance channel.
Port capacity is set to be further enhanced by a series of other projects, including the purchase of three super post panama gantry cranes, a new 60-tonne capacity tug boat and a new pilot boat.
The quay extension project is scheduled to begin early in 2014.
The CPA is concentrating on establishing and improving Cyprus' ports to serve transhipment trade and cruise traffic in the southeastern Mediterranean, and also has plans to commence enhancement and reconstruction projects in the ports of Vassiliko and Paphos.

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: 321
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: 363
Multipurpose shipping braces for Covid-19 impact thumbnail image

Multipurpose shipping braces for Covid-19 impact

April 9 - Demand growth in the multipurpose and heavy lift shipping sector for the two years to end 2021 is dependent on the containment of the coronavirus outbreak in the fourth quarter of the year. Even then, growth will be weak, said analyst Drewry.
Views: 350

Heavy Lift Across The World

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