Port of Vancouver USA handles record amount of wind turbine blades
The Port of Vancouver USA has had a record-breaking year in 2020 booking the highest returns in its 108-year history. Revenues totalled USD 50 million, which is a 15% increase from the previous year. Wind...Read more
Offshore wind keeps Van Oord on track in “most challenging year”
The offshore wind market and Dutch business have kept Van Oord on track in 2020, delivering “solid results despite it being one of the most challenging years in our 150-year history”, says CEO Pieter van...Read more
Boskalis’ order book reaches record high
OffshoreBoskalis has a record amount of work in the pipeline despite the impact of Covid-19. The value of the company’s order book stands at EUR 5.3 billion euros at the end of last year, reflecting...Read more
Nearly 50 rigs were scrapped last year
Oil & GasNearly fifty drilling platforms were scrapped in 2020, which is significantly more than in previous years, reports the French financial services provider Kepler Chevreux.Read more
Pandemic drives up vessel operating costs
ShippingPRESS RELEASE – Vessel operating costs have risen at their fastest pace in over a decade this year due to higher insurance cover premiums and Covid-19 related expenses. Yet, they are expected to moderate in...Read more
Shipping will be at the forefront of recovery, says UNCTAD
ShippingGlobal maritime transport is expected to drop by 4.1% this year as a result of the coronavirus, reports UNCTAD. However, the organisation expects maritime trade growth to bounce back in 2021 and increase by 4.8%,...Read more
Wilson maintains profitability through cost control
ShortseaNorwegian shortsea carrier Wilson Shipping is reporting fairly stable earnings despite the lower day rates and difficult market circumstances due to Covid-19. In the third quarter, the company’s operating profit amounted to EUR 11.5 million,...Read more
Turn crisis into opportunity with the Project Cargo Summit 2020 Online
Project Cargo Summit 2020The world economy has taken a massive hit, but as entrepreneurs and economists will often tell you, crises also present opportunities. During the online edition of the Project Cargo Summit 2020 on the 23rd and...Read more
Agility’s profit falls sharply but projects division performs strong
Project logisticsFreight forwarder Agility has recorded a sharp decline in net profit but was able to remain profitable in the first half of 2020. “If the crisis has demonstrated anything, it is the essential value of...Read more
Boskalis in red due to write-offs on ships and goodwill
OffshoreOffshore contractor Boskalis has recorded a net loss of more than EUR 96 million in the first half of the year as a result of a substantial write-off on ships and goodwill of almost EUR...Read more
Vestas increases revenue by 67% despite “challenging circumstances”
OEMVestas has increased its revenue by 67% in the second quarter to a total of EUR 3.5 billion. While the pandemic is creating some difficulties, the turbine manufacturer is confident about the remainder of 2020...Read more
Breakbulk Europe cancelled for 2020
EventsBreakbulk Europe has been cancelled for 2020. “Government regulations impose a ban on all events and exhibitions with 1,000 or more participants until 31 October 2020, which means it is impossible to deliver the event...Read more
DHL CEO: “We have navigated our company through this crisis very well”
Project logisticsDHL has regained its confidence for 2020 after performing well in the second quarter. The company has issued profit guidance of between EUR 3.5 and 3.8 billion, which is just slightly lower than the operating...Read more
Throughput in Rotterdam falls 9.3%, further decline expected
Ports & TerminalsCargo throughput in the port of Rotterdam fell by 9.3% to 112.4 million tonnes in the first quarter. The coronavirus outbreak has resulted in significantly lower demand and a large number of cancelled sailings. The...Read more
DSV withdraws guidance for 2020 as corona impact starts to show
Project logisticsDSV 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
Drewry expects double-digit growth in charter rates for larger ships
The outlook for the multipurpose shipping industry is brightening. Despite the rising geopolitical risk and economic uncertainty, Drewry forecasts that average earnings for breakbulk and heavy-lift shipping companies will rise 6% in 2020 and continue...Read more