COVID-19 impacts offshore wind players’ balance sheets, but not build-out and expansion plans

With financial results for the second quarter and the first half of the year now being presented, the status of the offshore wind sector in relation to the impact of the global COVID-19 crisis is becoming more prominent and, once again, it shows that the companies are both shaken and unshaken by it, at the …

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Webinar: Ciberamenazas en el sector marítimo y portuario (Evento gratuito)

IMBS. International Maritime Business School presenta su octavo webinar gratuito después de más de 10 años impartiendo formación online especializada en los sectores marítimo, portuario y logístico por el que han pasado más de 1.500 alumnos de 22 países. Formación gratuita por el COVID – 19 IMBS ha puesto en marcha un conjunto de webinars …

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EMGS loss widens on halved revenues

Norwegian geophysical services company EMGS has seen its second-quarter loss widened as revenues slipped almost 50 per cent The Oslo-listed firm booked Q2 2020 loss of $6.6 million or 5 cents, versus loss of $2 million in Q2 2019. Revenues for the quarter fell at $7.5 million from $14.5 million same time last year. Quarter-on-quarter …

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Pacific Capesize rates plunge sharply in July amid excess vessel supply, lack of demand

Capesize time charter equivalent rates have dropped sharply in July after breaching the key $30,000/day level in end-June, amid excess availability of spot vessels especially for trips within the Pacific. The time charter equivalent rate for a non-scrubber fitted Capesize vessel opening in north China to move iron ore from Western Australia to China was …

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Danish shipper Maersk to stop taking waste to China, Hong Kong from Sept

Denmark’s A.P. Moller-Maersk, the world’s top container shipping firm, said on Wednesday it would stop accepting solid waste shipments bound for China and Hong Kong from September. “We sent out a customer advisory on July 20th, telling customers that solid waste acceptance will be stopped by Maersk into the destinations of Chinese Mainland and Hong …

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