BIMCO: Sharp rebound in shipping unlikely
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 breakbulk shipping. He sees ‘an industry under pressure’. Yet, there...Read more
Vestas increases revenue by 67% despite “challenging circumstances”
OEMVestas 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
DHL CEO: “We have navigated our company through this crisis very well”
Project logisticsDHL 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
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
Order intake Siemens Gamesa shoots up 82%
RenewablesWind turbine manufacturer Siemens Gamesa saw its order intake shoot up by 82% in the last quarter, with the order book reaching more than EUR 28 billion in value. Despite the good long-term outlook, the...Read more
Western turbine manufacturers increase grip on wind market
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 2028. Western manufacturers will become even more dominant, although Chinese...Read more
MPV-market expected to grow by 2% despite weakened economy
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 grow by 2% annually until the end of 2021, forecasts...Read more
Baltic Dry Index reaches highest peak in more than five years
Dry Bulk IndexThe 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 point since January 2014. In the past month, the index...Read more
Drewry downgrades multipurpose shipping outlook, but still expects growth
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 demolitions are expected to negatively impact the industry. The ongoing trade...Read more