Gard: working from home increases cyber risks
Cyber securityPRESS 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
Project logisticsAmidst 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
OffshoreAker 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
EquipmentPRESS 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’
Project logisticsDHL 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 more
Singapore opens port for crew changes
CoronavirusSingapore 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
ConstructionPRESS 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
WW reduces fleet and cancels dividend in COVID-19 response
Ro/ro shippingPRESS RELEASE – Wallenius Wilhelmsen (WW) is taking “decisive action” in response to the coronavirus. The company will reduce its active fleet by sending 10 vessels into cold lay-up, scrapping another four vessels and possibly...Read more
Van Oord had tough 2019, prepares for “another challenging year”
OffshoreVan Oord has had a tough year in 2019 with rising debt and lower revenue and profit as a result of the difficult dredging market. Confronted with the coronavirus, “2020 looks set to be another...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
Jumbo: “Our ships continue sailing”
ShippingFollowing the Dutch measures to slow down the spread of the coronavirus, Jumbo Shipping has reported its ships have received the necessary instructions and, for now, continue their schedule. The company’s offices have been closed...Read more
More than 200 European oilfield service providers face bankruptcy
More than 200 European mid- and small-sized oilfield service companies face insolvency as Covid-19 will hit the market hard and cut purchases by USD 5 billion year-on-year, a new analysis by Rystad Energy shows. In pre-coronavirus...Read more
Siemens Gamesa: “We will maintain manufacturing and installation operations”
Wind energyWhile the coronavirus is reaping havoc and the oil price plunged below 30 dollars, Siemens Gamesa has provided a shred of good news in an otherwise disastrous week: the wind turbine manufacturer will be able...Read more