Offshore services firm Subsea 7 will axe approximately 3,000 jobs from its global workforce of 12,000 and reduce its number of active fleet by up to 10, due to a “significant deterioration” in the oil and gas market.
Global towage operator Svitzer has appointed Kasper Friis Nilaus as its new global ceo, effective 15 June 2020.
Shanghai Zhenhua Heavy Industry (ZPMC) has inked contract for three gantry cranes with Cosco Shipping Port for Piraeus Container Terminal (PCT) in Piraeus, Greece via online meeting in Shanghai, Hong Kong and Greece.
United Arab Emirates (UAE) offshore shipyard and engineering firm Lamprell has won an engineering, procurement, installation and commissioning contract (EPIC) from Sharjah National Oil Corporation (SNOC).
Damen Shipyards Group has signed an agreement with Korean yard Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components’ package.
Drydocks World has started work on the conversion of a drillship to an offshore installation vessel for Boskalis.
Offshore rigbuilder Lamprell is consolidating its United Arab Emirates (UAE) yards into a single facility at Hamriyah as part of an overhead reduction programme.