Latest news from Heavy Lift & Project Forwarding International Magazine

TBS International reports bullish Q3 and nine months 2010 financial results

November 10 - TBS International has revealed financial and operating results for the three and nine months ended September 30, 2010, a period that saw TBS take delivery of Montauk Maiden, the third in the series of six Roymar class, 34,000 dwt multipurpos

This series of ships was ordered from China Communications Construction CompanyNantong Yahua Shipbuilding Group Co for a purchase price of USD 35.4 million each.

For the third quarter ended September 30, 2010, total revenues were USD 99.8 million, an increase of 34.3 percent compared to total revenues of USD 74.3 million for the same period in 2009. Net loss for the third quarter 2010 was USD 10.4 million, after loss attributable to the non-controlling interests, which is an improvement of 42.5 percent compared to an USD 18.1 million loss for the same period in 2009.

For the nine months ended September 30, 2010, total revenues were USD 311.1 million, an increase of 42.9 percent compared to the USD 217.7 million for the same period 2009. Net loss for the nine months 2010 was USD 27.9 million, after loss attributable to the non-controlling interests, which is an improvement of 50.4 percent compared to a loss of USD 56.3 million for the same period in 2009. 

Heavy Lift | News

ABC and CLA go online thumbnail image

ABC and CLA go online

September 18 - Bookings for capacity on AirBridgeCargo (ABC) and CargoLogicAir (CLA) flights can now be completed via the cargo.one digital platform.
Views: 111
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 113
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 121
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 155

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