Business News | Investments

The latest investments made by project logisticians and specialised transport providers to expand and enhance their services in the global heavy lift and project forwarding industry.

HSH ready to invest

June 15 - Germany’s HSH Nordbank, once the world’s largest ship financier, is reportedly setting its sights on a return to maritime investments after years of financial turmoil.

Long Beach plans investment

June 15 - The port of Long Beach has approved a USD982 million budget for its upcoming fiscal year, with 70 percent of spending focused on modernisation and other construction projects at the port.

DFDS ups ro-ro orderbook

June 14 - DFDS has ordered an additional ro-ro vessel from the Chinese Jingling Shipyard, with delivery scheduled for the first half of 2020.

Air Partner opens in LA

June 13 - UK-headquartered charter broker Air Partner has opened a new office in Los Angeles, USA, which will serve the southern Californian and broader West Coast markets.

deugro opens Vietnam office

June 12 - deugro has opened an office in Ho Chi Minh City, Vietnam, expanding its footprint in Southeast Asia.

Montrose secures grant

June 11 - Montrose Port Authority has received a GBP1.5 million (USD2 million) Ports Mode Shift Grant (PMSG) from the Scottish Government.

Facelift for Port Canaveral

June 6 - Port Canaveral has renovated its North Cargo Piers 1 and 2 as part of an infrastructure improvement plan to maximise the usability of existing space at the port.

Saudia Cargo set to expand in Jeddah

June 6 - Saudia Cargo has signed agreements with Al-Bawani, Siemens and AECOM to construct a 75,000 sq m cargo handling facility at King Abdulaziz International Airport (KAIA) in Jeddah.

Titan adds Milan office

May 25 - Titan Project & Logistic, a member of the Project Cargo Network (PCN) in Italy, has opened an office in Milan.

EMS moves Bremen office

May 23 - EMS Chartering has relocated its Bremen office and, since the beginning of the year, strengthened its team with the appointment of Andreas Walter.

M&M opens in Sprockhovel

May 15 - Militzer & Münch (M&M) has opened a new office in the North Rhine-Westphalia area of Germany.

Heavy Lift Across The World

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