We are in the middle of a global health crisis that will have severe consequences for people around the world. What this pandemic has shown us in such a terrifying way is that we need to rebuild our economies, so they provide us with jobs and a society that is secure, resilient and safe. How …
How green stimulus measures could fuel the decarbonization of shipping Read More »
A.P. Moller – Maersk had a financially strong start to the year. Despite the COVID-19 pandemic’s profound impact on global trade the company kept momentum in its strategic transformation and demonstrated robustness to weather the crisis. “In the first quarter of the year, A.P. Moller – Maersk again delivered profitable growth. Operating earnings increased by …
Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to bolster its cash position during the coronavirus pandemic, which has hammered international trade. The loan, secured from a consortium of banks comprising BNP Paribas , HSBC and Société Générale , …
CMA CGM taps French loan scheme to boost cash in coronavirus crisis Read More »
The Baltic Exchange has added quarterly assessments (GOPEX) on the cost of operating LNG and LPG tankers to its growing suite of shipping investor tools. Data will be provided by leading independent third-party ship management companies Anglo-Eastern and AEX LNG Management, Fleet Management and V-Group. The Baltic Exchange’s latest offering follows benchmarking that also covers …
Baltic Exchange launches new ship operating expenses assessment for LNG and LPG tankers Read More »
Japan’s first LNG bunker vessel (LBV) was successfully launched at the Sakaide Works of Kawasaki Heavy Industries Ltd. The LBV is scheduled to be delivered at the end of September 2020 and will be the first LBV to be operated in Japan. After the delivery, the LBV will be based at JERA’s Kawagoe Thermal Power …
Japan’s First LNG Bunkering Vessel Launched — Operations to Begin in Autumn 2020 Read More »
Fitter on Bulk CarrierWe are looking for a good FitterType of vessel: Bulk CarrierDWT: 76243 DWTYear of build: 2012Flag: MISalary: 2000$ – 2200$Length of contract: 5+-1Need: MayRequirements: Good English, under 55 years old, one year in rank on board, Certificate of proficience in Ship’s welder rank Interesados: crewing@stmagroup.com
Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000 to only 850 workers following movement restriction measures implemented due to the coronavirus pandemic. Sembcorp Marine has been adversely affected by the global spread of the COVID-19 pandemic as lockdown measures have severely disrupted transportation, supply chains, manpower access and plant …
Sembcorp Marine’s yard workforce down from 20,000 to 850 due to COVID-19 restrictions Read More »
Over the past few weeks, Manora Logistics has been transporting upper jacket foundation sections from Spain and Belgium to Newcastle, UK. Source: Manora Logistics/Luc Rom/LinkedIn Given the facts at hand, our sister news site OffshoreWIND.biz inquired about the jacket parts being for the Moray East offshore wind farm. However, Manora Logistics declined to confirm this. …
Upper jacket parts for UK offshore wind farm coming in from Spain, Belgium Read More »
Due to the limited impact of the COVID-19 outbreak during the first quarter of 2020, offshore drilling contractor Odfjell Drilling was able to book a higher profit from the one made in the same period last year. Odfjell Drilling said on Wednesday it had recorded a profit of $23 million in the quarter, an increase …
Odfjell Drilling profit up despite oil price turmoil and COVID-19 Read More »
TGS saw profits slashed in the first quarter due to impairments and lower revenue amid challenging seismic market conditions. Norwegian seismic player reported net loss for the first quarter 2020 of $56 million, against $4 million profit same time last year. The Oslo-listed firm has generated revenues of some $52 million, down close to 48 …
TGS sinks on bottom line, cuts costs and investing Read More »
