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Turkey-based Yilport Holding has bought Africa Finance Corporation’s (AFC’s) 35% equity stake in Atlantic Terminal Services Limited (ATSL), the concessionaire responsible for expanding the port of Takoradi in Ghana

The Netherlands-based heavy lift technology company Fastro has come up with a new technique [patented] for attaching slings to heavy loads. Its new system is both quicker and lighter than traditional bow shackles. The modular approach aims to improve safety and ergonomic working conditions, along with providing a more cost-effective rigging solution.

Ports in the Asean trading bloc are being expanded and their cargo handling facilities modernised as both intra-regional and international trade volumes increase.

The heavy lift/project cargo market is expected to post relatively strong rates of growth over the coming years and shipowners and operators are investing heavily in the sector.

AAL Shipping recently transported critical Toshiba-built power station components on a single shipment from China and Japan to Queensland in Australia.

Heavy lift specialist AAL Shipping has recently undertaken the long-haul transport of several port cranes for projects around the world.