Global maritime transport is expected to drop by 4.1% this year as a result of the coronavirus, reports UNCTAD. However, the organisation expects maritime trade…
At the Project Cargo Summit, taking place on 23 and 24 September, Peter Sand of BIMCO presented his outlook for project cargo, heavy lift and…
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,…
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…
Van Oord has had a tough year in 2019 with rising debt and lower revenue and profit as a result of the difficult dredging market.…
Wind turbine manufacturer Siemens Gamesa saw its order intake shoot up by 82% in the last quarter, with the order book reaching more than EUR…
Consolidation among wind turbine manufacturers is set to intensify. Wood Mackenzie expects the top five global turbine OEM’s will control three-quarters of the market by…
The fragile global economy has weakened the outlook for the multipurpose shipping industry but despite the challenges and uncertainties, the market is still expected to…
The Baltic Dry Index on Monday reached its highest peak in more than five years. The index grew by 3.4% to 1,928 points, its highest…
Drewry has downgraded its outlook for multipurpose shipping. Weaker projected global economic growth, greater competition from the dry bulk and container sectors, and slower ship…
Although Blue Water Holding managed to turn around its operations and book a small profit again, CEO Søren Nørgaard Thomsen is not satisfied with the…