“Substantial segments of German fleet endangered in existence”
The German shipowners association VDR warns that the pandemic has an even bigger impact on the country’s shipping industry than the financial crisis of 2008. “Substantial segments of the German merchant fleet are foreseeably endangered...Read more
Wallenius Wilhelmsen books USD 285 million loss in first quarter
A 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
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
Ships sound their horns for the 150,000 seafarers stuck at sea
By May 15 there will be 150,000 seafarers stuck at sea as countries around the globe are denying shore access in fear of the coronavirus. Today at noon, ships around the world will sound their...Read more