{"id":7089,"date":"2016-09-26T16:36:03","date_gmt":"2016-09-26T16:36:03","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=7089"},"modified":"2016-09-26T16:36:03","modified_gmt":"2016-09-26T16:36:03","slug":"german-based-heavy-lift-carrier-sal-is-facing-drastic-structural-reform-according-to-parent-company-k-line","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/german-based-heavy-lift-carrier-sal-is-facing-drastic-structural-reform-according-to-parent-company-k-line\/","title":{"rendered":"German-based heavy-lift carrier SAL is facing \u201cdrastic structural reform\u201d according to parent company \u201cK\u201d Line"},"content":{"rendered":"<p>German-based heavy-lift carrier <a href=\"https:\/\/sal-heavylift.com\/home\/\" target=\"_blank\" rel=\"noopener noreferrer\">SAL<\/a> is facing \u201cdrastic structural reform\u201d according to parent company \u201cK\u201d Line, in its 2016 annual report.<\/p>\n<p><a href=\"http:\/\/www.kline.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u201cK\u201d Line<\/a> said that while SAL is implementing cost cuts and efficient fleet allocation to try to improve earnings, a study on more severe reforms has already started.<\/p>\n<p>SAL\u2019s operating revenue and profit declined as severe market conditions continued, particularly with regards to offshore projects, \u201cK\u201d Line said. When contracts requiring large vessel transport and other work concluded by the second quarter, financial results further deteriorated.<\/p>\n<p>SAL operates a fleet of about 16 vessels according to its website. The carrier sold an owned 19-year-old vessel in the second half of 2015 and a vessel chartered under short-term contract was redelivered.<\/p>\n<p>\u201cK\u201d Line said several large projects scheduled to start in 2016 will boost demand for project-related transportation, and it found signs the market is bottoming out.<\/p>\n<p>The parent company sees opportunities for the medium- to long-term for SAL\u2019s two large vessels with 2,000-ton crane capacity, the <em>Svenja<\/em>and the <em>Lone,<\/em> for profitable energy resource-related transportation and other offshore work. It will also seek better utilization of its small and medium-sized vessels through infrastructure-related projects as well as conventional transport.<\/p>\n<p>\u201cK\u201d Line initially entered into joint venture with SAL in 2007 until \u201cK\u201d Line became the sole shareholder in 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German-based heavy-lift carrier SAL is facing \u201cdrastic structural reform\u201d according to parent company \u201cK\u201d Line, in its 2016 annual report. \u201cK\u201d Line said that while SAL is implementing cost cuts and efficient fleet allocation to try to improve earnings, a study on more severe reforms has already started. SAL\u2019s operating revenue and profit declined as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,10],"tags":[681],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>German-based heavy-lift carrier SAL is facing \u201cdrastic structural reform\u201d according to parent company \u201cK\u201d Line - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/german-based-heavy-lift-carrier-sal-is-facing-drastic-structural-reform-according-to-parent-company-k-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German-based heavy-lift carrier SAL is facing \u201cdrastic structural reform\u201d according to parent company \u201cK\u201d Line - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"German-based heavy-lift carrier SAL is facing \u201cdrastic structural reform\u201d according to parent company \u201cK\u201d Line, in its 2016 annual report. \u201cK\u201d Line said that while SAL is implementing cost cuts and efficient fleet allocation to try to improve earnings, a study on more severe reforms has already started. 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