Meriaura sees revenue growth but profit hit by restructuring
Finland’s Meriaura Group published its financial results for 2024, with revenue up but EBITDA and net profit down on 2023’s figures. The Finnish shipping firm puts this largely down to the restructuring of its business.
Barnhart bolsters footprint in Southwest USA
Barnhart Crane and Rigging has acquired the assets and operations of two branches belonging to Crane Service, which is owned by ML Holdings, in Texas and New Mexico.
NTG acquires EDS and Rolls Freight
NTG Ebrex UK, a subsidiary of Nordic Transport Group (NTG), has signed an agreement to acquire 100 percent of the shares in EDS Worldwide and Rolls Freight, both based in the UK.
Cadeler posts strong 2024 results
Offshore installation contractor Cadeler has posted its preliminary financial results for 2024, with revenue up 128 percent on 2023 and EBITDA up 200 percent.
Fred. Olsen Ocean divests stake in United Wind Logistics
Fred. Olsen Ocean has agreed to sell its 50 percent stake in United Wind Logistics (UWL) to United Heavy Lift (UHL).
Hapag-Lloyd sceptical about 2025 due to geopolitical uncertainty
Container shipping group Hapag-Lloyd posted an improved revenue and EBITDA in 2024, although its group profit is down. Looking forward, it highlighted the impact that geopolitical uncertainty could have on its operations.
Business
The latest business news and developments of those active in the heavy lift and project logistics sector, including mergers & acquisitions (M&A), consolidation, expansion, forecasts and personnel changes across the sector.Get free access to HLPFI
Register to Heavy Lift & Project Forwarding International today to receive our two weekly e-newsletters and gain free access to the latest news and analysis.
Register today- Previous
- Next
Hendrik Veder Group and DSF sign merger
Hendrik Veder Group, a supplier of steel wire rope and synthetic rope products, and Dutch Steel Fabricators (DSF) have signed a merger following several years of collaboration.
NTG snaps up DTK
Nordic Transport Group (NTG) has acquired 100 percent of the shares in Denmark-headquartered DTK.
Q3 Group and Autokrane Schares establish SQ3
Q3 Group, based in the Netherlands, and Germany-based Autokrane Schares have come together to establish a joint venture called SQ3 Group.
Boskalis sees another record year
Dutch offshore engineering contractor Boskalis enjoyed a record year in 2024, with revenue marginally up, EBITDA and net profit both up 30 percent, and the orderbook up 16.66 percent on 2023’s financial figures. The company will also appoint a new ceo in April