Company & People News/Dredge Mining
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Damen part of support network for Air-Wave Protector snorkel mask

Netherlands

We are proud to announce that Air-wave.org Association, a consortium initiated by Damen, Blue Orange Wave, Redgrasp and VFA Solutions with support from entrepreneurs, specialists and manufacturers...

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Fincantieri Extends Production Halt at All Cruise Ship, Naval Plants

Italy

Italian shipbuilding giant Fincantieri has decided to further extend the work stoppage at all its military and cruise vessel production plants and offices from 30 March until the date indicated in...

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Diana Shipping’s CEO Has COVID-19

Greece

Simeon Palios, chairman and chief executive officer (CEO) of Greek shipowner Diana Shipping, has tested positive for the coronavirus.Diana’s board of directors has appointed Semiramis Paliou, the...

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Meyer Werft: Impact of Coronavirus on New Cruise Ship Orders to Be Immense

Germany

Apart from the ongoing health crisis caused by COVID-19, the cruise industry is currently also faced with an economic crisis. The entire industry and especially the cruise shipbuilding is now in a...

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CMA CGM Closes USD 815 Mn Sale of Eight Port Terminals to Terminal Link

France

French container shipping and logistics company CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link, a joint venture between CMA CGM and port...

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Clerc: 85 Pct of Maersk’s Global Office-Based Staff Work From Home

Denmark

The number of Maersk employees working from home has increased considerably amid lockdown measures implemented across Europe and Asia to contain the coronavirus pandemic.“I am proud to experience...

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Tsakos: We Are in Uncharted Territory, but We Are Experts in Navigating Things

Greece

The first two quarters of 2020 look very promising for the tanker markets, according to Nikolas Tsakos, President and CEO of Tsakos Energy Navigation (TEN).The estimate is being made at a very...

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Maersk Product Tankers Back to Black

Denmark

Danish tanker owner and operator Maersk Product Tankers returned to black having reported a profit of USD 91.4 million for 2019 as freight markets improved across all tanker segments.The profit...

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COVID-19: Hapag-Lloyd Adds 100,000 TEU of Capacity to Keep Goods Moving

Germany

German container shipping giant Hapag-Lloyd has on-hired over 100,000 TEU of additional equipment across the globe to keep the supply chain flowing amid the ongoing coronavirus crisis. According to...

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Unix Line Fined USD 1.65 Mln for Oily Bilge Dumping

Singapore

Unix Line, a Singapore-based shipping company, was fined USD 1.65 million by a US court for concealing illegal discharges of oily water.The company was placed on probation for a period of four years...

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Wallenius Wilhelmsen to Place Up to 10 Ships in Cold Lay-Up, Recycle 4 Oldies as Part of COVID-19 Response

Norway

Oslo-based Wallenius Wilhelmsen is taking decisive action to ready for the choppy waters ahead stemming from the impact of the COVID-19 on the global economy.The group said it would withdraw the...

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Van Oord - 2019: a challenging year

Netherlands

Rotterdam, the Netherlands, 23 March 2020Revenue: EUR 1.64 billion (2018: 1.88 billion)EBITDA: EUR 254 million (2018: EUR 306 millionNet profit: EUR 46 million (2018: EUR 92 million)Order book: EUR...

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Marc Van Heyningen Appointed As New COO Damen Shipyards Group

Netherlands

As of April 1st, Marc van Heyningen will become the new Chief Operations Officer (COO) of Damen Shipyards Group. This completes the Executive Board of the leading Dutch maritime solutions...

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MOL Sounds the Alarm on 2019 Results

Japan

Japanese shipping major Mitsui O.S.K. Lines expects to record an extraordinary loss on its consolidated and non-consolidated financial statements for the fiscal year of 2019.For its consolidated...

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MV Werften Stops Production at Its Shipyards for 4 Weeks

Germany

German shipbuilder MV Werften has decided to stop production at its yards in Wismar, Rostock and Stralsund as the coronavirus pandemic continues to spread in Europe.On March 22, the three shipyards...