The American shipbuilding scene, filled with participants constructing all manner of vessels, has been navigating through stormy times (lately, yards along the Gulf Coast have literally been dealing with storms). The orders for newbuild, repair and conversion projects continue to flow in—albeit at a reduced pace—and the boats and ships go down the ways into the water
German container shipping line Hapag-Lloyd nearly doubled net profit in the first half of 2020 and kept its full-year outlook intact but warned that the coronavirus crisis bears indiscernible risks for its operations."We have not put the pandemic behind us. Compared to a normal situation, customers' booking behaviour is volatile," Chief Executive Rolf Habben Jansen told Reuters.
German container line Hapag-Lloyd is to implement cost cuts to take account of the coronavirus crisis, its chief executive Rolf Habben Jansen said on Wednesday.In a call with reporters, he said the Hamburg-based firm, the world's fifth largest shipping operator, would seek cost cuts by a "mid three-digit million euro sum this year.
German conglomerate Thyssenkrupp is in talks about possibly merging its subsidiary ThyssenKrupp Marine Systems (TKMS) with a domestic rival to create a national champion.The Thyssenkrupp board member in charge of the marine systems unit, Oliver Burkhard, tweeted earlier that the company was in talks as an alliance could make sense in the current European market environment
As the novel coronavirus and its impacts continue to spread across America, U.S. shipbuilders, by and large, continue to build. While most yards have been deemed essential to marine transportation and/or national security and have been able to maintain operations, the situation at and around every shipyard is different
Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global tradeThe container shipping industry, a bellwether for international trade, has been blown off course by the new virus
German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus."We see a recovery, which started probably some time in the course of third quarter, and we would expect that to continue going into 2021
Luling, La.-based Bisso Towboat said it has signed an agreement with Houma, La. shipbuilder Main Iron Works to begin construction of a new 6,008 BHP azimuthing stern drive (ASD) tractor tug. Construction is scheduled to commence in August 2020 with delivery expected in early fall of 2021.
German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the same 2019 period and upholding its guidance for full year earnings.However, the company said in an ad hoc announcement that the forecast was subject to “high uncertainty” due to risks related to the coronavirus crisis and its impact on the
German container liner Hapag-Lloyd on Friday stuck with its full-year earnings guidance but warned that supply disruptions and weaker demand due to the coronavirus crisis may lead to a revision of its forecast in the second half of 2020.The number five in worldwide container shipping
Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.
Eastern Shipbuilding Group, Inc. has launched the second of two 80’ 5,100 HP Z-Drive tugs for Bisso Offshore, LLC, a division of E.N. Bisso & Son, Inc. The A. Thomas Higgins, currently under construction at Eastern’s Allanton facility, was launched on January 31, 2020.The RAL RApport 2400 Z-Drive ship-handling tug design was provided by Robert Allan Ltd located in Vancouver, Canada. The C.D.