Cargotec has completed the acquisition of the marine and offshore businesses of cargo handling equipment manufacturer TTS Group, following a lengthy regulatory approval process in China. The agreement to buy TTS Group’s marine and offshore division was first announced in February 2018, when Cargotec, through its subsidiary MacGregor, signed an agreement to acquire the businesses for an enterprise value of approximately...Read more
|Comment|author: Tobias Pieffers

Mammoet buys ALE

Mammoet has acquired ALE Heavy Lift, reinforcing its position as the world leader in heavy lift and heavy transport solutions. The companies did not disclose details of the agreement yet. Mammoet has stated that “no further...Read more
|Comment|author: Tobias Pieffers

Co-founder Ove Meyer steps down from Zeaborn

Zeaborn co-founder Ove Meyer has stepped down as managing director from all operating Zeaborn and Zeamarine subsidiaries with immediate effect. He will retain his role as managing partner Zeaborn Holding. “It has been more than six...Read more
|Comment|author: Tobias Pieffers

Modulift upgrades adjustable beam

Modulift has made improvements to its adjustable spreader so that it can now lift up to 27 tonnes. It also has a new and improved clamp system enabling lifting from multiple points. The new design of...Read more
|Comment|author: Tobias Pieffers

Germany 13th country to ratify Hong Kong Convention

​Germany is the latest country to ratify the Hong Kong Convention, the treaty of the International Maritime Organisation for safe and environmentally sound ship recycling. The Hong Kong Convention covers the design, construction, operation and maintenance...Read more
|Comment|author: Tobias Pieffers

Cargolux Italia launches new service to Incheon

Cargolux Italia has launched a brand new routing between Milan-Malpensa in Italy and Incheon in South Korea, where the country’s primary international airport is located. The new frequency began on July 16th and includes two weekly...Read more
|Comment|author: Tobias Pieffers