Thoresen Thai Agencies Plc. (TTA) reported that its consolidated revenues decreased year-on-year by 11% and quarter-on-quarter by 21% to Baht 3,295.8 million and consolidated net losses of Baht 459.2 million in 1Q/2020 due to typically low season, the impact of COVID-19 pandemic, and the adoption of new accounting standard. Shipping, Offshore Service, Agrochemical, and Investment …
You may have read those Kafkaesque stories about seafarers marooned on cargo ships month after month, unable to go home at the end of their work contracts due to COVID-19 travel restrictions. You may have thought, “How unfortunate,” then turned your attention back to your own pressing business problems amid the pandemic. A crisis for …
Stranded crew crisis is ticking time bomb for global trade Read More »
Yang Ming Marine Transport Corporation (Yang Ming) held its 346th Board Meeting on 13th May to approve its Q1 financial report of 2020. The consolidated revenues of Q1 totaled NTD 34.64 billion (USD 1.15 billion), decreased 1% compared with NTD 35.08 billion (USD 1.14 billion) in revenue from the same period of previous year. The …
Yang Ming Announces Financial Status for 2020 Q1 Read More »
Boatswain (Bosun) on Crude oil tankerWe are looking for a good BoatswainType of vessel: Aframax Crude Oil TankerDWT: Aframax Crude Oil TankerYear of build: 2020Flag: MISalary: 2000$Length of contract: 6+-1Requirements: Good English, under 50 years old, one year in rank. Interesados: crewing@stmagroup.com
Se necesitan Oficiales y Tripulantes para buque tanque de productos – Salarios entre 2.500 y 12.500 USD/mes For Oil Product Tanker, 73 000 deadweight with FRAMO CP , ME MAN & B&W, we have following openings. Please apply: · Master – 12500 USD/month / 5 months contract. https://lnkd.in/gzNHGEB· Chief Mate -9500 USD/month / 5 months …
The coronavirus pandemic is opening up many new opportunities for the shipping industry, Cristina Aleixendri, COO at bound4blue, said during a video conference hosted by SMM. “The coronavirus could be the driving force enabling us to achieve the decarbonisation goals even before 2050,” Aleixendri pointed out, explaining that one possible way to cut emissions today …
COVID-19 could be driving force to decarbonise shipping before 2050 Read More »
TDI-Brooks, under contract to TGS, has completed the offshore multibeam phase offshore the Niger Delta. This survey took place in water depths of 750 to 3,500 metres. It is also Nigeria’s first regional multi-client multibeam and seafloor sampling study. TDI-Brooks’ R/V Gyre acquired 82,000 square kilometres of high-resolution hull-mounted multibeam echo sounder data. The multibeam …
TDI-Brooks completes multibeam phase off Nigeria Read More »
In order to mitigate the effects of coronavirus crisis and low oil prices, oilfield services provider Petrofac is taking further action to reduce costs and preserve balance sheet. Petrofac has already announced its decision to reduce its capex by 40 per cent, reduce salaries across the company, and reduce its personnel by about 20 per …
Geoquip Marine is set to begin geotechnical surveys in the northern portion of the Vineyard Wind Lease Area around 20 May. The geotechnical data acquisition company will be conducting surveys from its vessel Geoquip Saentis for four to six weeks. Geoquip Marine Group carried out a geotechnical survey campaign for Vineyard Wind LLC in 2018 with its …
Geotechnical surveys to begin at Vineyard Wind site Read More »
Norway-based bulker owner and operator Belships has so far stayed clear of investing in scrubbers and has no plans of changing its position on the matter. The main incentive for scrubber investments has been so far the price differential between high sulfur fuel oil (HSFO) and low sulfur fuel oil (LSFO), as the price of …
Belships: The famously touted ‘spread’ narrowed to insignificant levels Read More »
