Latest news from Heavy Lift & Project Forwarding International Magazine

Increased profits for Toll

February 25 - Toll Holdings, the Asia-based transport and logistics provider, recorded an 18 0ncrease in reported profits after tax to USD173 million and a 28% jump in revenue to USD4.2 billion for the six months ended 31 December 2010.

Paul Little, the Toll Group managing director, said growth was achieved both organically and through acquisition, despite economic and environmental challenges.

"Our Australian businesses demonstrated again why they are leaders in their segments with strong results in a difficult market," he said.

"The Australian FMCG and industrial segments remain impacted by the global downturn and reduced consumer confidence, while some businesses had earnings affected by natural disasters.

"The redevelopment of the Toll Offshore Petroleum Services base in Singapore continued well in this period, with good progress being made in signing up tenants. A new wharf facility will be completed on site shortly, opening up another revenue stream for the business."

Heavy Lift | News

West P&I to acquire NMI stake thumbnail image

West P&I to acquire NMI stake

February 24 - West of England P&I Club has signed an agreement to acquire a significant stake in Nordic Marine Insurance (NMI).
Views: 240
Fitzgerald returns to Crowley  thumbnail image

Fitzgerald returns to Crowley 

February 21 - Crowley Maritime Corporation has appointed Ray Fitzgerald as its chief operating officer, effective March 1. 
Views: 585
KENC completes engineering scope for Jumbo thumbnail image

KENC completes engineering scope for Jumbo

February 21 - The Netherlands-based KENC Engineering has collaborated with Jumbo to prepare the heavy lift vessel Fairplayer for an FPSO installation project offshore Brazil. 
Views: 506

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