Vestas increases revenue by 67% despite “challenging circumstances”
Vestas 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
Crosby CEO: “You have to ask where your rigging hardware came from”
Crosby Group CEO Robert Desel pleads for more transparency to improve safety in the heavy-lift industry. “When you buy a piece of rigging hardware, you need to ask yourself: Who did I buy it from,...Read more
Breakbulk Europe cancelled for 2020
Breakbulk 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
Schlumberger cuts 21,000 jobs
Schlumberger is cutting 21,000 jobs in response to the pandemic and related oil crisis. CEO Olivier le Peuch says the second quarter “has probably been the most challenging quarter in the past decades.” The company...Read more
Plans for larger ‘Pioneering Spirit’ shelved indefinitely
Offshore contractor Allseas has postponed the announced construction of a larger successor to the offshore platform remover Pioneering Spirit indefinitely. Before the corona crisis and the implosion of the oil price, the huge vessel was...Read more
Drewry: charter rates won’t recover until end of 2021
Charter rates for multipurpose ships are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not contained, says...Read more
DHL CEO: “We have navigated our company through this crisis very well”
DHL 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
Breakbulk Asia cancelled for both 2020 and 2021
Breakbulk Asia has been cancelled for this year and the next. “With the ongoing travel restrictions into China for international exhibitors and delegates, as well as internal restrictions as those in place for Beijing-based customers,...Read more
Aker Solutions posts better than expected results
Aker Solutions has recorded better than expected second-quarter results. Cost-saving measures and increased activity in existing projects have led to higher revenue, earnings and order-intake than anticipated following the outbreak of Covid-19. Read more
Maersk ships millions of masks to North America… by air
Maersk Special Project Logistics (SPL) has shipped 53.3 million N95 facial masks from Asia to North America between April and May. Not wit its container vessels, but by air, using multiple full Boeing 747-400F and...Read more
Bolloré extends air bridge between Europe and Africa
PRESS RELEASE – Against the backdrop of the Covid-19 pandemic, Bolloré Logistics is extending its special weekly cargo freight service between Europe and West Africa until 31 July 2020.Read more
Liebherr develops new remote service app for cranes
PRESS RELEASE – Liebherr has developed a remote service tool for crawler cranes, deep foundation equipment and maritime cranes. The app allows operators to share visual information, resulting in faster and easier troubleshooting. As part...Read more
This is how Wallenius Wilhelmsen mothballs vessels
Wallenius Wilhelmsen has laid up ten vessels in response to factory closures and bottlenecks in the supply chain caused by Covid-19. Seven of those vessels are anchored in Norwegian fjords and another ten vessels could...Read more
CLdN starts direct service between UK and Spain
CLdN has started a new pure ro/ro service between the UK, Ireland and Spain to keep cargo moving amidst the corona crisis. With all cargoes being moved unaccompanied by truck drivers or passengers, the service...Read more
Antwerp XL moves online, live event further postponed
PRESS RELEASE – Breakbulk event Antwerp XL has been further postponed to 10-12 March 2021. Belgian restrictions in force to August 30th make it “extremely difficult” to plan and promote the event, which had initially...Read more
Thorco Projects’ asset-light strategy pays off amidst corona crisis
Thorco Projects’ asset-light strategy is paying off. Since the start of the new strategy in 2016, the company has been steadily increasing its sales and profit and so far, the coronavirus has not caused any...Read more
ITF: “Enough is enough, seafarers should exercise right to leave ships”
The International Transport Workers’ Federation (ITF) has said it will now assist hundreds of thousands of seafarers to exercise their right to stop working, leave ships, and return home. After weeks of calling on governments...Read more
Van Oord axes 500 jobs
Van Oord becomes the latest offshore contractor to heavily cut back on its workforce. Covid-19, the slump in oil prices and deteriorating market conditions in the dredging industry force the company to cut 500 jobs...Read more