‘Pick-up’ in heavylift as SAL faces potential sale by K Line

Hamburg-based heavylift company SAL believes the market could be about to emerge from recession just as major shareholder Japan K Line is said to be seeking to offload the company.

SAL has seen earnings badly hit since the 2008 downturn and that has prompted talk its owner K Line wants to sell.

But speculation of a pending sale has not dented confidence of corporate commercial director Justin Archard, who points out that sentiment has always played an important role in the heavylift market and he feels it is just about to change for the good.

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