Latest news from Heavy Lift & Project Forwarding International Magazine

Konecranes completes Indian crane acquisition

August 11 - Further to our report on February 21, Konecranes has now completed the second phase of its acquisition of WMI Cranes Ltd increasing its ownership from 51 to 100 percent.

Konecranes acquired WMI's shares in two phases. In the first phase in February, Konecranes acquired 51 percent of the shares for INR1,690 million (USD37.3 million). In the second phase Konecranes purchased the remaining 49 percent of the shares. The total price for 100 percent of the shares in WMI amounted to INR3,578 million (USD79.05 million).

Konecranes says that the acquisition marks an important step in strengthening its position in the growing Indian crane market. In 2010, WMI's net sales exceeded EUR30 million (USD42.7 milion) and it has a strong order book to support further net sales growth in 2011.

Heavy Lift | News

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Fire outbreak at US port

June 5 - A fire broke out aboard Höegh Autoliners’ ro-ro vessel Höegh Xiamen yesterday (June 4) at Blount Island, Jacksonville, USA; there are no injuries to any of the 21 crew members, who have all been evacuated from the vessel.
Views: 411
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Intradco charters AN-225

June 5 - Intradco Global, in collaboration with GTA GSM, charted the Antonov AN-225 freighter aircraft to transport nearly 1,000 cu m of medical supplies and personal protective equipment (PPE).
Views: 389
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Pacific Osprey returns to service 

June 5 - Swire Blue Ocean’s (SBO) wind farm installation vessel Pacific Osprey has returned to service following the installation of its extended crane boom in Denmark. 
Views: 472

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