PRESS RELEASE – CSBC-DEME Wind Engineering has awarded Fred. Olsen Windcarrier the transport and installation contract for the Changfang and...Fred. Olsen wins another offshore wind contract in Taiwan
PRESS RELEASE – Siemens Gamesa has been awarded a new wind turbine order for the Hoa Thang 1.2 wind farm...Siemens Gamesa wins new turbine order for Vietnamese project
Wallenius Wilhelmsen is heavily investing in the expansion of its breakbulk business. But rather than just being another competitor, the...WW: “4,000 cbm of project cargo is our sweet spot”
Oil companies cut investments by tens of billions of dollars
Faced with the coronavirus and the crude price collapse, oil and chemical companies are drastically scaling back capital investments to preserve cash. Most major companies have announced multibillion-dollar reductions. Shell will reduce its 2020 capital expenditure...Read more
Penta-Ocean and DEME team up to build wind farms in Japan
PRESS RELEASE – Penta-Ocean and DEME Offshore have teamed up to jointly build offshore wind farms in Japanese waters. The companies will first develop new technologies to fight the elements and subsequently execute projects together. Japan...Read more
Industrial equipment manufacturer JCB halts all UK production
PRESS RELEASE – Industrial equipment manufacturer JCB has stopped production at all of its UK manufacturing plants as disruption resulting from the worldwide Coronavirus pandemic causes an unprecedented reduction in global demand. The company has halted...Read more
WW reduces fleet and cancels dividend in COVID-19 response
PRESS RELEASE – Wallenius Wilhelmsen (WW) is taking “decisive action” in response to the coronavirus. The company will reduce its active fleet by sending 10 vessels into cold lay-up, scrapping another four vessels and possibly...Read more
Van Oord had tough 2019, prepares for “another challenging year”
Van Oord has had a tough year in 2019 with rising debt and lower revenue and profit as a result of the difficult dredging market. Confronted with the coronavirus, “2020 looks set to be another...Read more
BigLift delivers another three STS cranes in Savannah
BigLift has delivered another three Neo-Panamax ship-to-shore cranes to the Port of Savannah, bringing the port’s total number of cranes to 36, more than any other single terminal in North America. The new cranes are designed...Read more
Geodis creates air and rail services for urgent shipments
PRESS RELEASE – Geodis has established a number of air charter services to assist cargo owners with urgent shipments between China, Europa and the United States during the ongoing Coronavirus crisis. Rail alternatives are also...Read more
“Double-edged crisis could lead to catastrophic job loss”
The British oil industry is sounding the alarm warning that the oil price war and Covid-19 could drive the North Sea oil and gas industry over the cliff edge, putting tens of thousands of offshore...Read more
Governments urged to facilitate crew change of 100,000 seafarers
The shipping industry has urged governments around the globe to facilitate the movement of seafarers to keep world trade moving. Every month, 100,000 seafarers need to be changed over from the ships which they operate...Read more
DEME installs substations for Belgian wind farm SeaMade
PRESS RELEASE – DEME has successfully installed the two substations for the SeaMade offshore wind farm in the Belgian North Sea, marking a major milestone in the construction of Belgium’s largest offshore wind farm. Each weighing...Read more
Deugro moves heavy cargo transports in North America to rail
PRESS RELEASE – Deugro USA has entered into an exclusive usage agreement for a 16-axle railcar. The company will use it to transport heavy cargo via the North American railroad network, covering the USA, Canada...Read more
World’s largest crane vessel to arrive in Rotterdam
PRESS RELEASE – The world’s largest semi-submersible crane vessel, Heerema’s Sleipnir, will arrive in the Port of Rotterdam for the first time on Saturday, March 21. The vessel arrives to prepare for future decommissioning work...Read more
DSV withdraws guidance for 2020 as corona impact starts to show
DSV has withdrawn its 2020 guidance of USD 1.1 billion as the coronavirus outbreak is heavily affecting the company’s income. In February, the result was already USD 21 million below budget and with the virus...Read more
Jumbo: “Our ships continue sailing”
Following the Dutch measures to slow down the spread of the coronavirus, Jumbo Shipping has reported its ships have received the necessary instructions and, for now, continue their schedule. The company’s offices have been closed...Read more
More than 200 European oilfield service providers face bankruptcy
More than 200 European mid- and small-sized oilfield service companies face insolvency as Covid-19 will hit the market hard and cut purchases by USD 5 billion year-on-year, a new analysis by Rystad Energy shows. In pre-coronavirus...Read more