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Offshore crisis could force DNV GL to slash 1,000 workers

The world's largest classification bureau, DNV GL, plans to lay off around 1,000 due to the crisis in the oil and gas sector. The announcement comes in the wake of the company's annual report 2015, which showed a revenue of close to USD 3 billion.

Rene Eriksen er CEO i verdens største klassifikationsselskab DNV GL, der planlægger at sige farvel til en større antal medarbejdere. Photo: DNV GL

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Maersk believes several problems in Alang are now solved

Improvements at three yards in Alang have been so big, that they now represent a real alternative to China and Turkey, says Maersk CEO Søren Skou. However, the group acknowledges that there is still uncertainty with regard to the marine environment and problems with access to medical aid.

Dry bulk recovery halted – index plunging

The benchmark Baltic Dry Index has tumbled down over the past two months, and the same applies to the share prices of the listed dry bulk carriers. But Drewry expects that the decrease is temporary.

Grieg Star expects new deficit this year

The dry bulk market was weaker than expected last year, says Grieg Star's CEO Camilla Grieg, who projects another loss in 2018. The plan is to land a profit in 2019, she tells ShippingWatch.

Hedge funds increase shipping investments

Tufton Oceanic sees price rises of up to 100 percent in shipping stocks over the next two years. Adjusted for shipyard costs, they are currently trading at the lowest level in decades.

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