Wallenius Wilhelmsen has reactivated three more vessels from cold lay-up. The ro/ro carrier laid up 15 vessels following the outbreak of the Covid-19 pandemic due…
Shipping
Wallenius Wilhelmsen returns three more vessels from cold lay-up
“Global energy demand will not return to pre-corona level until 2025”
Due to a slow economic recovery from the corona pandemic, the full recovery in global energy demand likely won’t be back on track until 2025,…
Shipping
Charter rates continue upward trend
The charter rates for multipurpose vessels continue to crawl back up from the low levels of June and July this year. Toepfer’s Multipurpose Shipping Index…
Shipping outlook
Drewry: charter rates won’t recover until end of 2021
Charter rates for multipurpose ships are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take…
Shipping
Wagenborg nearly quadrupled its profit in 2019
Royal Wagenborg significantly improved its profit last year. The company’s operating result more than doubled from 27 to 71 million euros, while the net profit…
Saipem CEO does not see clear signs of recovery yet
Saipem CEO Stefano Cao says he does not see clear signs of a recovery of the oil and gas market yet. The offshore contractor recorded…