Gothenburg-based ferry company Stena Line plans to furlough 600 employees and make 150 redundancies across the UK and the Republic of Ireland amid a large decline in travel bookings and freight volumes caused by the coronavirus pandemic. The company said it would ensure those furloughed maintain 80%
The Board of Golden Ocean Group Limited has appointed Ulrik Uhrenfeldt Andersen as the new Chief Executive Officer of Golden Ocean Management AS. The appointment comes into effect from April 14, 2020, the Norwegian dry shipping company said. Andersen was the Chief Executive Officer of Avance Gas AS
MAN Energy Solutions has appointed Jürgen Klöpffer as its chief financial officer, replacing the outgoing Peter Park. Klöpffer will also join the company’s executive board on June 1. MAN Energy Solutions noted that Peter Park is leaving the company after 13 years for personal reasons. Klöpffer prev
Bourbon’s controlling shareholder Société Phocéenne de Participations (SPP) has strengthened its supervisory board, chaired by Jean Peyrelevade. Four new members have been appointed to the Supervisory Board: Carsten Plougmann Andersen, former vice-president of Maersk group and Maersk Supply Service
The United Arab Emirates (UAE) has decided to gradually lift the restrictions on crew changes enabling seafarers stuck in UAE to return to their homes. The move is being announced in the wake of growing concerns for seafarers and their mental health as their transfer has been banned as part of measu
Petrofac is joining other providers in actions responding to the unprecedented market conditions. As a result, Petrofac will reduce its capex by 40%, reduce salaries across the company, and reduce its personnel by about 20%.
Thousands of seafarers employed on cruise ships are still stranded at sea as ports deny vessels the permission to dock and carry out crew changes amid restrictive measures adopted to contain the spread of the coronavirus. The International Transport Workers’ Federation (ITF) estimates that around 31
Service provider for the international marine energy sector Dutch Marine Energy Center (DMEC) is looking for a project developer innovation. DMEC delivers a suite of technical and commercial services to companies covering the entire product development life cycle; from initial product design towards
University of Plymouth – Faculty of Science and Engineering wishes to recruit a research fellow for a 3-year full time post in Marine Renewable Energy research (MRE). The funding has been secured as part of the EU INTERREG Channel Area TIGER project (Tidal stream Industry enerGisEr pRoject). The aim
BP has underlined there will be no layoffs in the next three months as a result of coronavirus cost-cutting.
Ocean Installer has appointed Ingrid Due-Gundersen as the new chief financial officer. Ingrid Due-Gundersen has worked for the Leif Höegh & Co group for her whole career. She joined Höegh Fleet Services in 2002 as a summer intern and worked within the group in various positions ever since she was em
Norwegian ocean bottom node seismic player Axxis Geo Solutions (AGS) has appointed Nils Haugestad as the company’s chief financial officer (CFO). Haugestad comes from Seabird Exploration where he held the position as CFO over the last six years and was instrumental in the refinancing of the company
A UK-based charity the ITF Seafarers’ Trust (ITFST) is launching a $ 1.23 million ( £ 1 million) emergency fund to address the impact of the global pandemic on seafarers and their families. Seafarers are being retained on vessels after sign-off, left ashore in foreign countries unable to return to t
Cortez Subsea has strengthened its pipeline engineering capabilities with the formation of a new team in Cairo. Six staff members have joined the company to deliver work globally. Among the new recruits is Mohamad Fathy who heads up the team. “I am thrilled to have the opportunity to help deliver op
