Quantum leap in shipping company CMA CGM’s third quarter result
The third quarter marked recovery in demand for transportation of goods and CMA CGM made good use of this. The company saw its net income increase almost thirteen-fold from USD 45 million in the third...Read more
Geo-data specialist Fugro looking for more capital to diversify its business
Dutch multinational Fugro intends to issue EUR 250 million worth of shares in order to strengthen its financial position. An expiring credit facility of EUR 575 million will be refinanced for EUR 425 million. The...Read more
‘Booming offshore wind drags contractors through corona crisis’
Branching out into offshore wind has been the right decision for Dutch companies like Van Oord and Boskalis. SWZ|Maritime’s Editor-in-Chief Antoon Oosting points out they can now benefit from the increase in offshore wind projects...Read more
2000 redundancies at Maersk, curtain falls on Safmarine and Damco
Maersk is laying off no fewer than 2000 employees as a result of the large-scale reorganisation that started at the beginning of September. The end of Damco had been in sight for some time, but...Read more