Van Oord to cut 500 jobs, 120 in the Netherlands

Van Oord to cut 500 jobs, 120 in the Netherlands

Covid-19 and the slump in oil and gas prices are also taking their toll on Dutch offshore and dredging contractor Van Oord. The company says it needs to restructure to stay healthy, which will cost 500 jobs, of which 120 in the Netherlands. In addition, Van Oord seeks...
Wärtsilä restructures Marine Business

Wärtsilä restructures Marine Business

Wärtsilä has decided to reorganise its Marine Business into three independent businesses: Marine Power, Marine Systems and Marine Voyage. The objective of this change is to accelerate strategy execution, simplify the business structure, and strengthen business...
Zeamarine officially insolvent as restructuring continues

UHL confirms takeover of eleven Zeamarine vessels

United Heavy Lift (UHL) has taken over a total of eleven vessels from financially distressed Zeamarine. The German shipping company will take over nine eco-friendly F900 heavy-lift new buildings and two existing vessels on time charter contracts, the company confirms....