Norwegian shortsea carrier Wilson Shipping is reporting fairly stable earnings despite the lower day rates and difficult market circumstances due to Covid-19. In the third…
Industrial manufacturer Caterpillar is shipping out a lot less machinery as a result of the pandemic. Third-quarter sales have fallen by 23% to USD 9.9…
Schlumberger is cutting 21,000 jobs in response to the pandemic and related oil crisis. CEO Olivier le Peuch says the second quarter “has probably been…
Aker Solutions has recorded better than expected second-quarter results. Cost-saving measures and increased activity in existing projects have led to higher revenue, earnings and order-intake…
Logistical challenges and supply chain bottlenecks have negatively impacted Vestas’ profits but despite the Covid-19 pandemic, global demand for wind energy remained strong in the…
DSV Panalpina is cutting 3,000 jobs as part of a cost-cutting exercise sparked by Covid-19. The freight forwarder wants to reduce costs by EUR 190…
Antwerp’s breakbulk sector has taken another massive beating in the first quarter of 2020, dropping a staggering 27.8%. The Antwerp port authority says “the vicissitudes…
Wind turbine manufacturer Siemens Gamesa saw its order intake shoot up by 82% in the last quarter, with the order book reaching more than EUR…
Boskalis has returned to calmer waters after a tough start of the year as a result of contractual issues in the offshore wind industry. Revenue…
Wallenius Wilhelmsen has recorded a 7% lower income in the third quarter of 2019 due to a drop in volumes. The company is faced with…
Norwegian EPC-contractor Kvaerner has booked high revenue and order intake in the third quarter of 2019. However, CEO Karl-Petter Løken warns of a poorer year…
PRESS RELEASE – In the first nine months of 2019, Kuehne + Nagel significantly improved its results. The company’s turnover increased by 3.1% to EUR…
Since its foundation through the merger of Zeeland Seaports and Port of Ghent, North Sea Port is officially the largest breakbulk port of Europe. The…
Despite slightly lower volumes, Wallenius Wilhelmsen has increased its income in the first quarter of 2019 thanks to a more favourable cargo mix, strong project…
BP has booked a 9% lower net profit in the first quarter of 2019, but increased oil and gas production and strong trading results did…
Europe’s biggest breakbulk port, Antwerp, posted another decline in throughput of conventional breakbulk cargoes. The port contributes the decrease to the “exceptional” first quarter of…
The Port of Zeebrugge saw its cargo volumes increase with 14.3% in the first quarter of 2019 due to pre-Brexit stress. Total throughput amounts to…