Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
Dutch heavy lift operator Dockwise announced today that it has been awarded 10 new contracts and contract extensions for the mobilization of six drilling rigs, the transportation of a pipe-lay vessel and transfer station, and the transportation of a hull for a floating production structure. The total value of these new contracts is reportedly near USD $56 million.
André Goedée, CEO of Dockwise said: “Utilization is increasing slowly but pricing levels remain competitive. We currently observe a general market tendency of delays in the completions of a number of larger projects, including some on which we are actively engaged. These delays could impact timing of the conversion of backlog into revenues. We remain encouraged in seeing that no longer term oil & gas projects have been withdrawn and tender activity is unabated.”
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,954 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 105,954 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up