Latest news from Heavy Lift & Project Forwarding International Magazine

Osprey Heavy Lift secures funding

January 6 - A joint venture created in 2015 between Osprey Maritime and the Allelys Group has secured a GBP7.5 million (USD9.3 million) financial package from HSBC.

Osprey Heavy Lift has secured an equipment finance loan, which will be used to fund the purchase of specialist cranes and lifting equipment.

According to HSBC, this will include a 750-tonne LG1750 wheeled lattice boom crane with a maximum lifting height of almost 200 m.

The funding will also be used to acquire a slightly smaller LG1550 crane and 110 axle lines of self-propelled modular transporters (SPMT).

Nigel Fletcher, Osprey Maritime Group managing director, added: "This deal and the development of Osprey Heavy Lift marks a major milestone in the future of our and Allelys' businesses. The team from HSBC worked quickly to get to grips with our joint venture and provide the finance we needed to purchase the equipment which will allow us to tender for major civil construction projects such as HS2."

Heavy Lift | News

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. 
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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. 
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