Subsea 7 is laying off 3,000 employees and will reduce its active fleet of 32 vessels by up to 10 vessels in response to the corona-induced oil crisis. The drastic measures are expected to deliver 400 million dollars in annual savings.  (more…)Read more
|Comment|author: Tobias Pieffers

Coronavirus likely to spur decommissioning frenzy

With few profitable investment opportunities left as a result of the coronavirus, oil companies will likely increase their spending on decommissioning contracts. Global projects through 2024 could reach a value of 42 billion dollars, say...Read more
|Comment|author: Tobias Pieffers

Wagenborg opens new office in Terneuzen

PRESS RELEASE – Wagenborg has opened a new office in Terneuzen to expand its services in the Netherlands and Belgium. Specifically, the office will support the company’s ro/ro liner service to and from the Baltic...Read more
|Comment|author: Tobias Pieffers

Construction of BokaLift 2 has started

PRESS RELEASE – At Drydocks World in Dubai, the hull modification of the BokaLift 2 has started. The conversion scope includes the fabrication and installation of 9,000 tonnes of steel blocks on both sides of...Read more
|1 comment|author: Tobias Pieffers