More than a dozen countries with crucial global shipping hubs agreed to ease port and border restrictions for seafarers to help the more than 200,000 workers still stranded on vessels return home.
Forced vessel sales, mergers and consolidations are on the cards for the offshore industry as assets decline in value, according to a consultancy.
The wait for a “significant pick up” in the North Sea’s subsea vessel market is likely to continue until 2021, according to a leading shipbroking firm.
Ports operator DP World has acquired offshore vessel business Topaz Energy and Marine for £845million.
Aberdeen-based catering and facility-management business Entier is to add a further 85 people to its workforce after winning a three-year deal with energy service company Technip.
Two top bankers from Royal Bank of Scotland are at OTC.
Drilling contractor KCA Deutag said yesterday it was considering buying new offshore vessels after taking a step forward in its plans to grow in south-east Asia.