Aberdeen-based oil and gas support vessel operator North Star Shipping has told crews it plans to make around 100 people redundant.
North Star Shipping
Crews of oil and gas emergency standby ships are facing an extra month out in the North Sea in response to the coronavirus pandemic, sparking “anger” from parts of the workforce.
Turnover for Craig Group’s emergency response business dropped nearly 20% in the financial year before its sale to international investors.
Family-owned Craig Group, of Aberdeen, has sold its core North Star Shipping business to international investors in a move described as “restructuring for a new era”.
An Aberdeen-based shipping and oilfield procurement and services group has hailed its “robust” business despite measuring the impact of the oil and gas downturn on its balance sheet.
North Star Shipping has won a top health and safety award from the British Safety Council.
The crew of a North Sea emergency response and rescue vessel were amazed to see a school of orca whales surround their ship, 155 nautical miles east of Aberdeen.
The head of Aberdeen-based Craig Group yesterday swatted away any suggestions the firm may be experiencing buyer’s remorse after its shipping division added a new vessel to its fleet. A number of North Sea oil and gas companies have been forced to the wall this year after their ambitious spending plans failed to reap rewards as orders tailed off amid the oil price slump. But Craig Group’s boss said its outlay on emergency response and recovery vessels would safeguard hundreds of jobs at the privately owned, family-run shipping and energy services company.