TIDEWATER, TOO, HIT BY CREW CHANGE CRISIS Offshore services giant Tidewater Inc. yesterday reported revenue for the three and six months ended June 30, 2020, of $102.3 million and $218.7 million, respectively compared with $125.9 million and $248.0 million, respectively, for the three months and six months ended June 30, 2019. Net losses for the […]
TOWAGE INDUSTRY FACES UNIQUE CHALLENGES Kasper Nilaus, recently appointed global CEO of Svitzer, provides an exclusive insider view of issues impacting on the tug sector during the Covid-19 pandemic and beyond in the July/August issue of International Tug & OSV (IT&O). He writes: The towage sector holds a unique position within the wider shipping industry. […]
OSV OWNERS POOL RESOURCES IN JIP TO SPEED DIGITALISATION AND LOWER RISK Working together in a joint industry project (JIP), seven Norwegian OSV owners and ship managers are pooling their resources, implementing and testing various digital technologies to reduce emissions, increase safety and cut costs. The underlying ambition of the JIP is to digitally transform […]
Newbuilding Orders Surge In Asia Shipyards in Indonesia and China have prospered from new contracts as ports expand in the region. After a quiet period at the beginning of this year, there has been an acceleration of newbuilding tug orders at Indonesian and Chinese shipyards for domestic requirements. Upgrades to southeast Asian ports has led to […]