Topic: Coronavirus

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

Charter rates keep falling

Daily charter rates for multipurpose vessels keep falling as a result of lower demand caused by the coronavirus. Rates have already fallen by 13% since the beginning of 2020 and the pace of the decline...Read more
|Comment|author: Tobias Pieffers

Breakbulk Americas moved to November

PRESS RELEASE – Breakbulk Americas has been rescheduled for November 3-5, 2020 at the George R. Brown Convention Center in Houston. The new dates are due to the move of Breakbulk Europe from its time...Read more
|Comment|author: Tobias Pieffers

OPEC+ agrees on record production cut

OPEC and its allies have agreed to cut oil production by 9.7 million barrels per day starting May 1st. The record cut is aimed at stabilizing the oil price which has dropped dramatically due to...Read more
|Comment|author: Tobias Pieffers