Latest news from Heavy Lift & Project Forwarding International Magazine

DP World acquires Topaz

Port terminal operator DP World has entered the oilfield services sector having acquired Topaz Energy and Marine in a deal valued at nearly USD1.1 billion.

Topaz offers logistics services for the global energy industry with a fleet of 117 vessels. It operates predominately in the Caspian Sea, Middle East and North Africa (MENA), and West Africa regions.

For DP World, the acquisition supports its objective of increasing the company’s presence in the global logistics and marine services industry.

DP World group chairman and ceo Sultan Ahmed Bin Sulayem, said: “We are pleased to announce the acquisition of Topaz, which further strengthens DP World’s position as a world-leading operator in maritime logistics services. In recent years, we have been investing selectively in the marine logistics sector in companies with high revenue visibility, consistent track record and strong customer relationships.

“This latest acquisition complements the operations of our P&O Maritime Services (POMS) business, which maintains over 300 vessels globally.”

www.dpworld.com

www.topazworld.com

Heavy Lift | News

Bilbao gains Norwegian connection thumbnail image

Bilbao gains Norwegian connection

October 22 - Finnlines, part of the Grimaldi Group, has added a port call in Norway to its Biscay service between Bilbao, Spain and St. Petersburg, Russia. 
Views: 243
Scot Explorer launched in Hoogezand thumbnail image

Scot Explorer launched in Hoogezand

October 22 - Scotline Marine Holdings’ 4,800 dwt vessel Scot Explorer has been christened and launched at the Royal Bodewes Shipyard in Hoogezand, the Netherlands.
Views: 203
ZPMC delivers for Hutchison Port Sohar thumbnail image

ZPMC delivers for Hutchison Port Sohar

October 22 - ZPMC’s heavy lift vessel Zhen Hua 19 has delivered two remote-controlled quay cranes and six rubber-tyred gantry cranes to Hutchison Port Sohar’s terminal in Oman.
Views: 235
Asia Break Bulk adds to fleet thumbnail image

Asia Break Bulk adds to fleet

October 21 - Asia Break Bulk (Singapore), an exclusive agent for COLI Schiffahrt and Transport, has added the multipurpose vessel ABB Bentje to its fleet. 
Views: 395

Heavy Lift Across The World

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