Virus control - News
SBM Offshore CEO Bruno Chabas commented: “SBM Offshore delivered a good set of results during the first quarter of 2020, in line with expectations. The Company’s results, dividend track record and completed share repurchase exemplify SBM Offshore’s robust business model. At the same time, SBM Offshore is also impacted by the combined demand and supply crises in the oil and gas market and is taking measures to evolve and adapt with the uncertain dynamic market conditions."...
The annual accounts for Blue Water Holding, which comprises the transport group’s total activities, showed a magnificent profit of 25,7 m EUR before tax for 2019. This is an improvement of just over 24 m EUR compared to 2018, where the result before tax was 1,3 m EUR. The turnover increased by DKK 112 m EUR and consequently rose from 746 m EUR to 858 m EUR which is a 15 percent rise. Significant rise We are satisfied that we have managed to improve operations by optimising and enhancing...
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 the momentum in its strategic transformation and demonstrated robustness to weather the crisis. First-quarter results “In the first quarter of the year, A.P. Moller - Maersk again delivered profitable growth. Operating earnings increased by 23% year-on-year, and cash return on invested capital increased by 3.5 percentage po...
SEARCH, Inc. (SEARCH), the largest underwater and terrestrial archaeology firm in the United States, and Ocean Infinity, the marine robotics company, are pleased to announce the discovery of USS Nevada (BB-36), one of the U.S. Navy’s longest-serving battleships, and viewed as the epitome of American resilience and perseverance. Deep-water search capability USS Nevada was located 65 nautical miles southwest of Pearl Harbor at a depth of over 15,400 feet. The discovery is the result of a...
The order backlog remained high and the cash flow was solid as a result of both a strong positive contribution from the operations and the sale of underwater technology company Hydroid. The financial effect of the COVID-19 pandemic was limited in the first quarter. However, the situation is creating increased market uncertainty going forward, especially in the maritime industry. WEBCAST: Recording of online presentation of KONGSBERG's 1st quarter 2020 Key figures: The order intak...
There is a heavy demand for air freight to and from China. However, due to the COVID-19 situation, almost all ordinary air traffic has come to a standstill, complicating the transport for European companies – for both import and export. Consequently, the present air freight capacity is not able to fulfil the demand from the European trade and industry. Blue Water has therefore made a charter-agreement with SAS Cargo for a regular scheduled service with two weekly departures between Europe...
As the COVID-19 pandemic continues across the globe, SBM Offshore has been adapting to this unprecedented situation, protecting its workforce and putting in place business continuity measures. SBM Offshore’s priority remains the health and safety of its staff, contractors and their families, ensuring safe operations across the Company’s activities at the same time. A dedicated task force continues to monitor the situation at all Company locations across the globe, on a daily basis....
The International Transport Forum (ITF) has announced the postponement of the ITF 2020 Summit, which was earlier scheduled to take place from May 27 to May 29, 2020. ITF 2020 Summit postponed The world’s renowned transport policy event, ITF 2020 Summit, was slated to take place in Leipzig, Germany The world’s renowned transport policy event, ITF 2020 Summit, was slated to take place in Leipzig, Germany, under the theme of ‘Transport Innovation for Sustainable Development&rsq...
Following the cancellation of a number of global events, including the Mobile World Conference in Spain, ITB in Germany and the Geneva International Auto Show, the DIMDEX 2020 organising committee has been consulting with public health officials and the Government of the State of Qatar regarding the status of the event. DIMDEX 2020 event cancelled After extensive consideration, the DIMDEX 2020 organising committee has made the difficult decision to cancel the Doha International Maritime Defenc...
In support of international military collaboration and exchange, the organising committee of the Doha International Maritime Defence Exhibition and Conference 2020 (DIMDEX 2020) will host the Middle East Naval Commanders Conference (MENC), under the theme – ‘Resilience in the Maritime Domain - Confronting Asymmetric Threats’. The upcoming MENC edition will feature panel discussions that will once again address current multifarious naval security challenges. Under the auspices...
The Norwegian Shipowners Association follows the development of the Corona virus (COVID-19) closely and has a good dialogue with its members, and other actors about the situation. A large number of people in China and elsewhere in the world have been infected, and more than 600 deaths have been reported. COVID-19 implications for shipping industry Norwegian shipping companies operate all over the world and are thus, directly affected by the development Norwegian shipping companies operate all...
