Latest news from Heavy Lift & Project Forwarding International Magazine

Aqualis completes Braemar acquisition

Aqualis has completed the acquisition of the offshore, adjusting and marine business lines of Braemar Shipping Services.

As HLPFI reported here, the combined company will be renamed AqualisBraemar and will be headquartered in London, UK. David Wells, current ceo of Aqualis and its subsidiary Aqualis Offshore, will continue to lead the group.

Aqualis said that the combined entity will provide customers with a broad service offering within the offshore oil and gas industry.

“Combining our companies gives us greater critical mass within the energy, insurance and shipping markets and means we will be much better positioned going forward. With our larger scale, increased resources and our talented people, our ability to meet our clients’ needs is vastly improved,” said Wells.

Following the completion of the transaction, Braemar will be the largest shareholder in AqualisBraemar with a stake of approximately 26 percent.

braemar.com

aqualisoffshore.com

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: 373
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: 351

Heavy Lift Across The World

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