Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy lift buoys Manitowoc

November 2 - Reports in the international business media suggest that the heavy lift segment of Manitowoc's crane business is holding up well, mainly helped by considerable spending on infrastructure and energy in markets such as the Middle East, Brazil,

The 107-year-old company, known for its crawler cranes and boom trucks, has been hit hard by weak demand for cranes as lack of credit has forced construction firms to cut capital spending on new projects and recently reported a surprise third-quarter loss, mainly hurt by a steep fall in crane revenue.

Sales for the crane segment, which contributed about 54 percent of Manitowoc's third-quarter revenue, fell 52 percent.

Chief executive Glen Tellock is quoted as saying that pricing has been holding relatively well for a majority of new crane orders the company received in the third quarter.

Heavy Lift | News

Zeamarine restructuring continues  thumbnail image

Zeamarine restructuring continues 

February 17 - Zeamarine has confirmed that its German booking and operating divisions – Zeamarine Bremen, Zeamarine Germany and Zeamarine Chartering – will operate under court supervision, in accordance with creditor protection conditions.
Views: 393
Ambercor completes yankee move thumbnail image

Ambercor completes yankee move

February 17 - Canada-headquartered Ambercor Shipping has coordinated the delivery of a yankee dryer and two through-air dryer (TAD) rolls in Quebec.
Views: 200
Duluth awarded infrastructure grant thumbnail image

Duluth awarded infrastructure grant

February 17 - The US Department of Transportation’s Maritime Administration has allocated a USD10.5 million grant to the Duluth Seaway Port Authority. 
Views: 225

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