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Latest From Offshore

NYK sees worst of coronavirus impact from April-June

'The extent of the novel coronavirus impact and when it will come to an end are still unclear, but it is expected that April through June 2020 will be the worst period and the level of economic activities will gradually recover thereafter,' the group said

Japan Dry Bulk

US boosts loan to Mozambique LNG in competition with Russia and China

The Exim Bank helps foreign companies buy American products when private lenders will not provide financing, with one of its goals being to ‘advance the US’ comparative leadership in the world with respect to China’

Mozambique Russian Federation

Sovcomflot sees stronger second quarter after profit spike

Russian shipping giant sees profits jump by 65.6% in the first quarter of the year as crude and product tanker markets pay off

Sovcomflot Ship operations

ABB leader warns of digital tech concerns ahead

ABB Marine & Ports managing director believes it is time to allow technology to mature, while shipping moves past the coronavirus crisis

Finland Technology and Innovation

Norwegian shipowners’ losses close to 25%

Norwegian shipowners expect the number of vessel lay ups to triple and the amount of ship recycling to double because of the coronavirus outbreak 

Finance Energy

Singapore yards hit as coronavirus infections surge

SembMarine and Keppel Shipyard said to have suspended all or part of their operations for weeks

Singapore Offshore
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