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“K” LINE holds compliance liaison meeting

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Kawasaki Kisen Kaisha, Ltd. (“K” LINE) organized the eighth meeting of the Fair Competition Promotion Committee (a compliance liaison meeting) at Iino Building on March 7.

The goal of liaison meetings is to energize the “K” LINE Group’s compliance activities and share information. For this recent Liaison Meeting, 24 compliance personnel from 15 Group companies based in Japan gathered to actively exchange views on the latest trends and initiatives.

In the Liaison Meeting, a guest speaker from PwC Risk Advisory LLC was invited. They lectured on trends in corporate misconduct, misconduct risk management and data analysis, and demonstrated an analytic system.

The Liaison Meeting also included presentations on the compliance measures of individual companies and a question-and-answer session to further share information about these companies’ initiatives. The participants shared advice regarding compliance measures at different companies each other.

In response to the recent growth of public interest in compliance, the “K” LINE Group has established a compliance structure by collaborating with its Group companies. By fulfilling the demands of society and maintaining the stakeholders’ trust the Group aims for both its sustainable growth and increase of its corporate value.

10 April 2025 |

Kalmar expands its global delivery capability

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Kalmar has begun production of its electric empty container handler and heavy forklift truck at the company’s Shanghai manufacturing facility.

The production launch will be marked by a themed event, “Lift to New Heights,” which will be held in Shanghai on 10 April, with customers and dealer representatives participating.

Kalmar’s Shanghai plant, which opened in 2005, is celebrating its 20th anniversary this year. The plant manufactures a broad range of high-quality material handling equipment, including reachstackers, forklift trucks, empty container handlers, and terminal tractors. Located at the southeastern tip of Shanghai near one of the world’s busiest ports, the facility serves customers in the Asia-Pacific, South America, India, Middle East and Africa regions.

The Kalmar electric empty container handler, capable of lifting up to 10 tonnes, enhances the decarbonisation of cargo-handling operations without compromising on productivity or safety. It is available with a variety of modular Lithium-Ion battery options and charging solutions, providing customers with flexibility and efficiency in their operations.

Kalmar’s heavy forklift trucks are designed for exceptional strength and reliability, ensuring smooth and secure handling of heavy loads. Having developed its first heavy-lifting forklift over 80 years ago, Kalmar has since delivered over 100,000 units to customers globally.

Alf-Gunnar Karlgren, President, Counter Balanced, Kalmar: “Producing these machines at our Shanghai plant brings us closer to our customers, leading to shorter lead times, reduced import duties, and lower freight costs, which all positions us to better serve our customers and drive future growth.”

YewBoon Teo, VP, Kalmar AMEA: “Adding electric empty container handlers and heavy forklifts to our Shanghai facility’s production lineup will significantly enhance our competitive edge. With these investments we are empowering our sales teams and dealers to lead the charge in this new electric era, as well as opening doors to the large forklift market and driving sustainable growth across the AMEA (Asia, Middle-East, Africa) region. Our sales teams are excited about this development and eager to secure more orders.”

10 April 2025 |

ICOMIA appoints ABL at superyacht refit yard

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The International Council of Marine Industry Associations (ICOMIA) appointed energy and marine consultancy ABL to develop an updated risk assessment standard aimed specifically at superyacht refit yards.

The new standard is based on the current JH143 standard for shipyard risk assessment.

ABL will draw upon knowledge from its expert JH143 and yacht specialist surveyors from different locations around the world, to ensure that the new standard will be fit for purpose, valuable to the industry and user-friendly for the surveyors.

The JH143 Shipyard risk assessment process was originally developed by ABL to assess risks at a shipyard, allowing underwriters to consider their exposure and to mitigate risks where possible.

“A superyacht refit shipyard is quite a different environment to a commercial yard and the risks are different. For example, overspray in a commercial yard may not be catastrophic, but overspray landing on a superyacht can result in a claim in the multiple millions.” Adam Jackson, ABL’s Head of Yacht Services and Director of Marine Engineering for the UK.

ABL Yachts, part of ABL, is a service provider to the insurance industry, yacht brokers, management companies and owners worldwide. ABL Yachts offers clients a large multi-disciplinary superyacht survey team with a collective experience measured in hundreds of years, combined with the support of one of the marine industry’s most experienced suppliers of consultancy services.

ABL is part of Oslo-listed consultancy group ABL Group ASA.

9 April 2025 |

CEVA strengthens pharmaceutical logistics offer

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CEVA Logistics is strengthening its pharmaceutical logistics offer with the construction of a new warehouse in the Strasbourg-Entzheim Airport Business Park.

The new 17,000 m² facility will offer transport and logistics value-added services for the domestic and international healthcare market starting in early 2026.

CEVA Logistics announced the start of the construction on the new logistics center in Entzheim (67) which will manage tailor-made pharmaceutical operations. Strategically located in the heart of the Strasbourg Airport Business Park, the facility will benefit from close to airport facilities, cargo players, airlines, as well as customs and police services, thus offering a complete, integrated logistics solution coupled with a high level of security for customers in the pharmaceutical sector.

Planned to accommodate large volumes of healthcare products, the platform, with its height of more than 17 meters, its quays equipped to receive active air containers, will have state-of-the-art inventory management and traceability systems. In addition, it will benefit from the latest innovations in automation, ensuring smooth and secure management of activities.

Modern and designed to maximize the efficiency and responsiveness of warehousing and logistics operations, the site will offer 3 controlled temperature zones (+15°C to +25°C/+2°C to +8°/-25°C), ensuring the best storage conditions for medical products.

In line with CEVA’s strong commitment to improving the sustainability performance of its sites and local communities, the logistics center will be built to meet BREEAM[1] certifications in the “Very Good” and “Biodiversity” categories as well as featuring rooftop solar installations for renewable energy. The facility will also meet international certification standards such as TAPA FSR B, TSR 2 and ISO 13485, criteria of excellence for cargo safety and security.

With this new location in Entzheim, CEVA is further strengthening its presence in the Alsace region of France with five logistics sites, three of which are temperature-controlled. The new facility will be CEVA’s second in Entzheim, with existing facilities located in Sausheim, Mulhouse, and a site in Strasbourg that was a result of the acquisition of the pharmaceutical activities of Stef Logistique Santé in 2024. With this future hub, CEVA will have 70,000 m² of space in the region, including 32,000 m² dedicated to the healthcare sector.

Fabrice Dalla Muta, Director of Operations, Healthcare, at CEVA Logistics in France, said, “The construction of this new logistics site, designed to meet the constraints and requirements of our customers in the pharmaceutical industry, marks a new step in our strategy to develop our logistics activities for this sector. We have acquired extensive expertise in logistics operations for healthcare products and are recognized as a leading player in this field. With this new strategically located facility, we will continue to support our customers in their development and growth.”

9 April 2025 |

PCN approves Al Khalili Logistics as members

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Project Cargo Network are pleased to approve Al Khalili Logistics as new members in Oman.

Located in Muscat, the company group has been operating since 1976. They are a reliable project cargo forwarder with ISO and JSRS (approved Oman oil & gas industry supplier) certification.

Their wide array of services include project cargo forwarding, heavy lift shipping, breakbulk & RORO, specialist heavy & wide road transportation, air freight, vessel & air chartering, project management & planning, feasibility studies, route surveys, customs brokerage, warehousing, and consolidation.

Venkatesh Rajgopal (Senior Logistics Manager) comments; “Al Khalili Logistics, a division of the Al Khalili Group, is a leading regional provider of world-class project cargo and supply chain solutions.”

“With extensive local expertise and a global reach, we offer project forwarding and transport services with reliable and cost-effective solutions that meet high standards of safety and quality. Our team of skilled and experienced professionals are ready to serve complex project demands and execute any major move.

We are able to provide specialized, tailor-made, end-to-end solutions for energy, oil & gas, construction, infrastructure, military and industrial projects.”

8 April 2025 |

TII SCHEUERLE works in collaboration with Spedition Kubler

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In close collaboration with Spedition Kübler, TII SCHEUERLE has developed a side girder deck that, by means of specially designed couplings, has been specifically made for the transportation of transformers.

Thanks to its low dead weight, the STB 320 can achieve axle loads of twelve tonnes with a payload of 320 tonnes when using the largest combination. This reduces approval time and effort for the heavy-load logistics provider as complex and expensive bridge recalculations and inspections are no longer necessary with such low axle loads. As a result, this makes the new SCHEUERLE side girder deck a milestone in heavy transport and a key tool for the energy transition process.

Heavy-duty transport is essential for the energy transition sector and securing the supply of electricity. It is an indispensable means of transportation; for example, when forwarding transformers which are the core elements of the electricity infrastructure. But Germany’s dilapidated roads and bridges pose major challenges for heavy-load logistics specialists such as Spedition Kübler from Michelfeld-Erlin. Due to the high unit weights of the loads, previous modular transport combinations achieve axle loads of significantly more than 14 tonnes – too much for bridges that are normally only allowed to be driven on with an axle load of twelve tonnes. The costs for approval procedures are high and transport can become enormously expensive and delays occur due to detours and additional bridge recalculations.

Working closely together, Spedition Kübler and TII Group subsidiary, TII SCHEUERLE, the industry expert for heavy-duty on and off-road heavy transportation, have developed an ultra-lightweight side girder deck which includes new axle modules for the transport of transformers with the aim of significantly reducing axle loads. While Kübler contributed its extensive practical experience to ensure that the side girder deck and axle lines meet current and future challenges, the experts at TII SCHEUERLE used innovative manufacturing techniques and new materials to significantly reduce the weight of the STB 320. It weighs around 50 tonnes less than before thus reducing the axle load by more than two tonnes. With a payload of 320 tonnes and axle loads of less than twelve tonnes, it has set new standards in the industry.

Focus on transformer transport plus innovative design pave the way to low dead weight
In contrast to conventional solutions, which are often designed for a wide range of applications using universally applicable but therefore heavy equipment, the new SCHEUERLE side girder deck is specially designed for the transport of transformers as well as for maximum load capacity with minimum weight. The configuration of the modular platform vehicle allows, for example, all axle combinations from 9+9 through to 22+22 whereby 18+18 axles plus, the load is positioned above the axle lines. In addition, TII SCHEUERLE has been able to weight-optimised bridge structures through the use of innovative technologies and new materials. A key feature is the newly developed, particularly compact slewing ring and a load distribution frame integrated into the chassis of the central bogie unit. This eliminates the need for additional, heavy load distribution frames. Self-supporting transformers can be suspended directly into the bridge up to a support length of 12.5 metres which corresponds to a combination configuration of 15+15 axle lines. Thanks to the large stroke of the side girder deck, it is also possible to extend the combination with additional axle lines in order to further reduce axle loads. This results in a previously unattained ratio of dead weight to payload.

Kübler and TII SCHEUERLE are also breaking new ground in terms of operating concepts and occupational safety. The new damping system for the lateral support of the lifting lever contributes to this, as does the use of an electronic braking system (EBS) and the increased stability due to a larger track width. “These measures result in optimal working equipment that TII SCHEUERLE has tailored precisely to our requirements,” explained Felix Mangold, Technical Director of Spedition Kübler. Companies in the energy sector have also recognised the need for such transport solutions for the energy transition. Electricity grid operator, TransnetBW, is monitoring the use of the innovative transport solution as part of a study and has also secured preferential access to the new vehicle.

At the end of March, the heavy-load logistics professionals from Spedition Kübler, together with the industry experts from TII SCHEUERLE and in the presence of Heinz Rößler, Managing Director of Spedition Kübler, and Susanne Rettenmaier, Associate Partner of the TII Group, gave a live demonstration to the transport company’s customers as part of a workshop. During the event, they also highlighted the importance of heavy-load transportation for the energy transition sector and explained the improved operating conditions provided by the innovative SCHEUERLE side girder deck, the challenges posed by the condition of the road infrastructure along with the requirements of a freight forwarder for the related transport solutions.

8 April 2025 |

Norsepower launches True Performance

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With the shipping industry facing increasing regulatory pressure to cut emissions, reliable performance data is more critical than ever.

Measuring the effectiveness of wind propulsion has traditionally been challenging due to highly variable operating conditions. Norsepower has now changed that with the launch of its new system, Norsepower True Performance™.

By directly measuring the real-life thrust produced by Norsepower Rotor Sails™ in real-time, Norsepower True Performance™ delivers clear, science-backed insights into fuel savings and emission reductions, setting a new benchmark for transparency in wind propulsion.

By continuously tracking the sail performance of any kind of wind propulsion system, Norsepower True Performance™ ensures long-term reliability and supports ongoing optimization of sail technology and control systems. It also helps shipowners and charterers resolve cost-benefit sharing by accurately attributing fuel savings to wind propulsion.

With increasing regulatory pressure, the system strengthens industry confidence in wind propulsion. It provides ship operators with the data needed to deal with regulations set by the IMO and EU, such as CII, FuelEU Maritime, and the upcoming GFS (Global Fuel Standard).

Heikki Pöntynen, CEO of Norsepower, said: “Norsepower True Performance™ is a game-changer. By directly measuring thrust force from both the sails and the ship’s propeller, we will deliver the most accurate measurement of wind propulsion performance available today. This strengthens not only the business case for wind propulsion but also its role in regulatory frameworks.”

Ville Paakkari, Head of Research and Development at Norsepower, added: “This system represents the culmination of years of rigorous research, engineering precision, and the integration of advanced AI-powered analytics. Our R&D team has developed a framework capable of isolating and quantifying the true thrust contribution of any type of sails in real-world conditions. By continuously gathering high-frequency sensor data, Norsepower True Performance™ provides shipowners and regulators with a level of granularity and accuracy that simply wasn’t possible before.”

The introduction of Norsepower True Performance™ aligns with upcoming industry milestones, including discussions at MEPC 83, where regulators will further develop emissions reduction measures. By offering reliable, high-frequency thrust force measurements, the system equips ships and regulators with the data needed to recognize and integrate wind propulsion into future maritime policies.

As the industry transitions toward cleaner, more efficient shipping, Norsepower continues to drive innovation as a wind propulsion pioneer. Norsepower True Performance™ provides the clarity and confidence needed to accelerate the adoption of wind-assisted propulsion—empowering shipowners to navigate the path to net zero.

8 April 2025 |

Mammoet breaks record in Alberta

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Mammoet successfully transported two Ethylene Oxide (EO) reactors from Dacro Industries to Shell Scotford in Alberta’s Industrial Heartland, north of Fort Saskatchewan over the first two months of 2025.

These reactors, integral to the production of downstream petroleum products, each weigh 670 tonnes, with a diameter of approximately 8.4 meters (28 feet) and a length of only 23 meters (76 feet). The unusually short length of the reactors relative to their weight required innovative problem-solving from Mammoet’s engineering team and resulted in a unique and record-breaking situation where the total vehicle weight needed for transport was nearly double the weight of the cargo.

While the EO reactors were not as heavy as the previous Alberta record holder for cargo weight—the 800-tonne splitter vessel moved for the IPPL Heartland project in 2019 —the equipment required to move them made them the heaviest loads ever transported on Alberta highways, at 1.76 million kilograms of total gross vehicle weight. The transport operation utilized two pull trucks and six push trucks to maneuver the specially designed frame for the reactors onto the trailers, creating a transport train length just over 140 meters (462 feet).

“The primary challenge in moving vessels of this weight is in spreading out the load per axle on our trailers” says Curtis Barnett, Senior Operations Director at Mammoet Canada Western. “Typically vessels like this are longer, but these are shorter than average and particularly heavy. That’s why we had to have the frame engineered to balance out the weight of each vessel across the two trailers.

Mammoet’s engineering team had the frame fabricated using four P55 beams from a Mammoet gantry system, with custom-fabricated ends to securely accommodate the two reactors. The frame was then mounted on large turntables on each of the two 26-line double-wide intercombi trailers, in order to facilitate the 90-degree turn required to enter the destination site. The innovative approach and meticulous planning ensured the safe and efficient delivery of the reactors to site, setting a new benchmark for heavy haulage in Alberta.

7 April 2025 |

Nooteboom introduces the new EURO-PX3

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For decades, Nooteboom Trailers has been a pioneer in the development of high-quality, innovative transport solutions.

Now, we are proud to introduce the EURO-PX3, the 3rd generation of EURO-PX low loaders with pendulum (swing) axles. This latest model is designed to push the boundaries of performance, efficiency and durability, providing transport operators with a state-of-the-art solution for heavy-duty loads.

The EURO-PX3 has been engineered to offer significant improvements over previous generations. Key enhancements include: Nooteboom_Euro-PX3; Increased payload – allowing transport operators to move heavier cargo with ease; Wider excavator trough – providing more space and flexibility for oversized loads; More loading space – maximizing efficiency and optimizing transport operations; Big steering angle – ensuring superior maneuverability and control; Optimized steering system – resulting in minimum tire wear and best possible permits; Light and most solid chassis – for carefree support of a wide range of loads; New design – incorporating the latest engineering advancements for improved performance; Lower maintenance costs – reducing downtime and ensuring cost-effective operations.

These improvements make the new EURO-PX3 again one of the most advanced low loaders in the industry, designed to handle the toughest transport challenges with precision and reliability.

The EURO-PX3 is currently available with 2 or 3 axle lines, with a load capacity of 12 or 14 tons per axle line at 80 km/h. To meet a variety of transport requirements, it is offered in multiple configurations: Vehicle width: 2540 mm, 2.740 mm or 2.840 mm; Axle distance: 1360 mm or 1.510 mm; Tires: 245/70R17.5 or 285/70R19.5.

Additionally, the axle bogie is designed with state-of-the-art bearings, simplifying maintenance and further reducing long-term costs. With Nooteboom’s DNA of engineering excellence, the EURO-PX3 ensures unmatched reliability and durability.

At Nooteboom, we understand that no two transport operations are the same. That’s why we offer customizable configurations to ensure that each EURO-PX3 meets the specific needs of our customers. Whether you need more payload, improved maneuverability, or a trailer that adapts to various load types, the EURO-PX3 is designed to deliver exceptional value and performance.

With its cutting-edge design, enhanced capabilities, and industry-leading technology, the EURO-PX3 is set to redefine the standard for low loaders yet again. Experience the difference and take your transport operations to the next level.

7 April 2025 |

Norsepower strengthens partnership with Sea-Cargo

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Norsepower, the global leader in wind propulsion systems for ships, and long-term partner Sea-Cargo have strengthened their partnership with a repeat order for two additional vessels.

The Norwegian shipowner will retrofit its two RoRo vessels, MV Trans Hav and MV Trans Sol (ex- MV Misida and MV Misana), with Norsepower Rotor Sails™, a proven technology for reducing emissions and improving fuel efficiency.

The two 165-metre vessels, which operate mainly between Norway and the continental Europe, will each be equipped with three 24x4m Norsepower Rotor Sails and several other cutting-edge sustainable technological upgrades. Through the implementation of all these measures, these vessels are expected to cut fuel consumption with up to 50%.

This repeat order underscores the success of Norsepower’s partnership with Sea-Cargo, a company recognised as a pioneer in leveraging wind-assisted propulsion to improve vessel efficiency. The first vessel of Sea-Cargo to be fitted with NPRS, SC Connector, has demonstrated average savings of 20–25% over several years, and up to 70% on individual voyages. Johan Christian Hvide, CTO of Seatrans, commented:

“Our experience with the SC Connector has demonstrated the substantial savings and environmental benefits Norsepower Rotor Sails can deliver. These results made it an easy decision to extend the technology to MV Trans Hav and MV Trans Sol. With tightening EU regulations, the rotor sails not only enhance performance but also help us remain ahead of compliance demands.”

The decision to retrofit additional vessels with Norsepower Rotor Sails aligns with Sea-Cargo’s commitment to reducing emissions and complying with increasingly stringent EU regulations. The Norsepower Rotor Sails’ effectiveness in harsh North Sea conditions makes them ideally suited for the trade route.

“This repeat order is a testament to the strong partnership we have built with Sea-Cargo and the proven success of our product” said Heikki Pöntynen, CEO of Norsepower. “We are proud to continue supporting Sea-Cargo in its mission to reduce emissions and set an example for sustainable shipping.”

3 April 2025 |

Vestas secures order in Germany

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Vestas is proud to announce that wpd GmbH, developer and operator of renewable energy projects, and Vestas have closed eight undisclosed onshore orders in Germany in the first quarter of 2025 that sum up to 154 MW.

The orders include a broad range of turbine variants across several German federal states. This diversity of orders and technology underlines the importance for a strong partnership and a broad product portfolio to serve our onshore customers in Germany.

“We are very thankful about the long-term partnership with wpd and the mutual business we conduct especially in Germany” said Nils de Baar, President Vestas Northern & Central Europe. “wpd is one of the most experienced and successful developers in Germany and we are very proud that we at Vestas can play an active role in this success story”.

Dr. Gernot Blanke, owner and CEO at wpd GmbH, said “Vestas is a key supplier to wpd and together we have built an extremely strong foundation over the last years. With its broad and strong product portfolio, Vestas is a key contributor to deliver business case certainty to wpd and our partners.”

3 April 2025 |

Kalmar signs a major order

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Kalmar has signed an agreement with Vestas Manufacturing Spain SL to supply a range of electric forklift trucks and electric reachstackers.

The machines will be deployed at Vestas’ blade factory in Daimiel, Spain.

The large order comprises one Kalmar light electric forklift truck, three Kalmar medium electric forklift trucks, two Kalmar heavy electric forklift trucks and two Kalmar electric reachstackers, with all machines covered by a Kalmar Complete Care service agreement. The order was booked in Kalmar’s Q4 2024 order intake, with one of the two heavy forklift trucks scheduled for delivery during December 2024 and the rest of the equipment during Q2 and Q3 2025.
All of the forklift trucks and reachstackers supplied to Vestas will be powered by the latest lithium-ion battery technology.

Roberto Meiriño, Head of Vestas Blades Daimiel: “To eliminate the CO2 emissions from our manufacturing process, we are replacing our fleet of diesel-powered machines with electrically powered equipment at our blade factory in Daimiel. After a successful trial with a heavy-duty electric forklift from Kalmar, we determined that their technology and offerings were the right choice for our needs. The new electric fleet follows the replacement of the factory’s natural gas heating system with three biomass boilers fired with olive pits. It enables us to reach carbon neutrality at the factory and contributes to Vestas’ goal of a science-based decarbonisation of our operations and supply chain by 2030.”

Eduardo Fernández, Solutions Sales Representative, Kalmar Spain: “We are delighted that, after careful consideration and evaluation of our fully electric powered offering, Vestas has chosen to partner with Kalmar. Our electrically powered forklift trucks and reachstackers will help Vestas decarbonise their operations while maintaining the highest levels of productivity and safety.”

3 April 2025 |

SAVING Shipping and FLS join forces

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SAVING Shipping & Forwarding SRL, representing Italy in the Project Logistics Alliance, and FLS (Singapore) Pte. Ltd., part of the FLS Group representing Singapore, Thailand, Vietnam, and Malaysia in the network, recently joined forces to handle a major project involving the transport of critical refinery equipment to Singapore.

The shipment included a complete fired heater for a refinery, featuring a radiant section measuring 11 x 6 x 7 meters and weighing 80 tons. Carried out under Ex Works (EXW) terms, the cargo originated from multiple pickup points across Italy and Spain.

The main unit—the fired heater—was transported via part cargo charter on a heavy-lift breakbulk vessel. Additional cargo was shipped in 40 containers of various types, including flat racks (FRs), open-top containers (OTs), and dry vans (DVs).

Upon arrival in Singapore, the cargo was barged from the commercial port to Tuas under the DAP (Delivered at Place) terms. The final leg of the journey was executed with a modular trailer, ensuring direct delivery to the refinery site.

Spanning from November 2024 to March 2025, the project required meticulous planning and seamless coordination between the teams at SAVING Shipping & Forwarding and FLS (Singapore).

This successful collaboration highlights the expertise and reliability both companies bring to complex logistics operations. Well done to SAVING Shipping & Forwarding and FLS Singapore.

3 April 2025 |

Hiab starts trading on Nasdaq Helsinki

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Hiab enters Nasdaq Helsinki, driving sustainable growth and value following name change from Cargotec.

Hiab, a global leader in smart and sustainable load handling solutions, starts trading today as a standalone company on Nasdaq Helsinki.

Hiab’s entry to Nasdaq Helsinki follows Cargotec’s Annual General Meeting’s resolution on 26 March 2025 to change Cargotec’s name to Hiab. The change of the parent company name from Cargotec Corporation to Hiab Corporation has been registered with the Finnish Trade Register on 31 March 2025.

This milestone marks a new chapter for Hiab. Scott Phillips, President and CEO of Hiab says: “With the company transformation and the name change, the shareholders of former Cargotec have shown their belief in Hiab’s future growth. We are proud of this trust and aim at generating strong cash flow and sustainable value for our shareholders, solidifying our position as the leader in the load handling industry.”

Hiab enters Nasdaq Helsinki with a clear strategy focused on profitable growth, and a motivated and experienced leadership team in place. By 2028, Hiab is targeting annual sales growth of over seven percent over the cycle, a comparable operating profit of 16 percent, and a return on capital employed over 25 percent*.

Hiab’s comprehensive portfolio, including well-known brands such as HIAB, MOFFETT, and MULTILIFT, serves essential industries worldwide, from waste and recycling, retail and last mile, to construction and defense logistics, among others. Hiab’s “Employees First, Customer Next” philosophy underscores its dedication to fostering a safe, empowering, and sustainable working environment.

Hiab is dedicated to sustainability. As a 1.5°C company, Hiab supports its customers’ sustainability goals, with a focus on low-emission material sourcing and increased eco portfolio sales.

Trading in former Cargotec’s class B shares will continue with a new ticker “HIAB” on the official list of Nasdaq Helsinki. The ISIN code of Hiab’s class B shares is FI4000571013, the same as with Cargotec earlier. The ISIN code for Hiab’s class A shares is FI4000571005, also remaining the same as with Cargotec.

2 April 2025 |
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