Latest news from Heavy Lift & Project Forwarding International Magazine

West P&I to acquire NMI stake

West of England P&I Club has signed an agreement to acquire a significant stake in Nordic Marine Insurance (NMI).

Based in Stockholm, NMI is a provider of specialist marine products for ship owners and charterers, including fixed premium primary delay cover.

The agreement, which is subject to regulatory approval in Sweden, will see West P&I acquire Alandia’s shareholding in the company. According to West P&I, Alandia will remain an important partner of NMI.

Tom Bowsher, West Group ceo commented: “This investment will significantly enhance the range of specialist products that we can offer to ship operators, as well as strengthening West’s presence in Scandinavia.”

www.westpandi.com

www.alandia.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: 355
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: 400
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: 370

Heavy Lift Across The World

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