Boskalis so far beats Covid-19
Despite the inevitable negative impacts of the pandemic and oil crisis combined, Boskalis is “cautiously confident” about the rest of the year now Covid-19 restrictions are stabilizing. The company ended the first quarter above expectations...Read more
Logistical challenges and supply bottlenecks push Vestas into red
Logistical challenges and supply chain bottlenecks have negatively impacted Vestas’ profits but despite the Covid-19 pandemic, global demand for wind energy remained strong in the first quarter of 2020, says Vestas CEO Henrik Andersen. (more…)Read more
DSV Panalpina cuts 3,000 jobs in pandemic response
DSV Panalpina is cutting 3,000 jobs as part of a cost-cutting exercise sparked by Covid-19. The freight forwarder wants to reduce costs by EUR 190 million annually. (more…)Read more
There will be fewer crane transports as Konecranes sees demand fall
There will be fewer crane transports in the foreseeable future as Finnish crane manufacturer Konecranes sees demand for its cranes fall sharply. Customers have limited access to their premises and are cutting investments in response...Read more
Project Cargo Summit 2020 becomes digital conference
In light of the most recent Covid-19 developments, the Project Cargo Summit 2020 will be hosted as a digital conference, while the physical exhibition and conference are being postponed to a safer date in February...Read more
Trailer manufacturer Broshuis extends factory closure
Dutch trailer manufacturer Broshuis is extending the closure of its factory. National measures and supply issues make it impossible to start production again. The company expects to open partly again on the 2nd of June. ...Read more
CEO Port of Rotterdam: “I hope there will be shorter supply chains”
The Port of Rotterdam expects throughput may fall by up to twenty per cent this year due to the corona crisis. “So yes, results will be bad”, says Allard Castelein, CEO of the Rotterdam Port...Read more
Vestas stops projects and cuts jobs in virus response
Vestas is stopping projects, axing jobs and cutting salaries of executive management by 10% in response to Covid-19. “We’re in a period of high uncertainty and by making a strategic decision on our product portfolio...Read more
Shipowners provide plan for crew changes worldwide
An alliance of shipowners has come up with a plan for safe crew changes in identified key ports all over the globe. Due to travel restrictions, over 100,000 seafarers are stuck on ships putting enormous...Read more
DEME charters hotel ship for pre-quarantine measures
PRESS RELEASE – To ensure safe crew changes on board dredgers and offshore vessels during the COVID-19 pandemic, DEME has chartered a hotel ship for pre-quarantining as of last weekend. The ship is moored in...Read more
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
Gard: working from home increases cyber risks
PRESS RELEASE – Maritime consultant Gard is warning of increased cyber risks now most employees are working from home or other remote locations. “Crises like the COVID-19 pandemic often lead malicious cyber actors to take...Read more
How Logistics Plus moved 3 modules in China from 9,000km away
Amidst the chaos of the coronavirus, freight forwarder Logistics Plus has managed the complete delivery of three modules for an FRSU-project in China, the heaviest weighing 425mt. To workaround travel and quarantine restrictions, the company...Read more
Aker Solutions could temporarily lay-off up to 6,650 employees
Aker Solutions might temporarily lay-off as much as 6,650 of its 16,000 employees. The company has also initiated an early retirement program and frozen all salaries including that of executive management. “The first months of...Read more
Konecranes wins largest-ever reachstacker order
PRESS RELEASE – Konecranes has won its largest-ever reachstacker contract from a customer in Germany. The order for 39 units was won in March with Konecranes’ distributor Richter Fördertechnik. Deliveries are scheduled to begin in...Read more
Freight forwarders declare ‘Force Majeure’
DHL Global Forwarding and Ceva Logistics have declared ‘force majeure’, temporarily relieving the companies of their normal contractual obligations if the inability to perform is caused by consequences of the coronavirus. DHL Global Forwarding was the...Read moreSingapore opens port for crew changes
Singapore has opened its port for crew changes, answering the call of the shipping industry. Since the outbreak of the coronavirus, many ports prohibited crew changes leaving seafarers stuck on their ships and putting extra...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