Antwerp XL moves online, live event further postponed
EventsPRESS 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
ShippingThorco 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”
Crew changesThe 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
OffshoreVan 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
Heavy Lift Group moves 7 heavy pieces with an Antonov plane
AirfreightThe Heavy Lift Group has flown 340 tonnes of oil & gas equipment to Kuwait in a last-minute workaround in regards to Covid-19. Divided over three flights, the company used an Antonov AN-124 aircraft to...Read more
Damen launches corona disinfection service for ships
PandemicShipbuilder Damen has created a 24/7 Covid-19 disinfection service for ships. The Dutch shipbuilder wants to help shipowners meet current needs now the World Health Organisation (WHO) advises the entire ship is disinfected when there...Read more
Geodis delivers 13 million masks using an Antonov aircraft
Critical logisticsPRESS RELEASE – Geodis has transported 13 million masks from China to the US using an Antonov AN-124, the world’s second-largest aircraft. The shipment of personal protective equipment (PPE) arrived at Hartsfield Jackson Atlanta International...Read more
Coronavirus likely to spur decommissioning frenzy
DecommissioningWith 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
Wallenius Wilhelmsen books USD 285 million loss in first quarter
Ro/roA combination of the pandemic and slower markets have seen Wallenius Wilhelmsen’s volume drop by 20 percent. As a result, the carrier’s sales declined by 18% and the company booked a net loss of 285...Read more
Boskalis so far beats Covid-19
OffshoreDespite 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
Wind energyLogistical 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. Read more
DSV Panalpina cuts 3,000 jobs in pandemic response
Freight forwardingDSV 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. Read more
There will be fewer crane transports as Konecranes sees demand fall
Crane transportsThere 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
Project Cargo Summit 2020In 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
EquipmentDutch 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”
Port of RotterdamThe 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
Offshore windVestas 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 moreShipowners provide plan for crew changes worldwide
SeafarersAn 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