Subsea 7 improved net result in tough market

Subsea 7 saw revenues decline but was able to deliver an improved net result in a challenging offshore market in the first quarter 2015. The company is well placed to pursue the few orders expected to arise, says the company.

by DANIEL LOGAN

Luxembourg-based Subsea 7 achieved what management describes as a strong first quarter in 2015 compared to last year.

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Subsea 7 improved net result in tough market

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Subsea 7 signs new million dollar contract with Shell

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

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IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

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Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

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Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs