Energy doldrums force Boskalis to cut fleet, staff

Updated 08 July 2016
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Energy doldrums force Boskalis to cut fleet, staff

AMSTERDAM: Dutch offshore engineer Boskalis said it was cutting 650 jobs worldwide and culling 24 vessels in response to what it called drastic changes in the company’s outlook caused by low energy and commodity prices.
The job cuts, including 150 Dutch employees, would be made over the next two years from a workforce of about 8,000, the company said.
The company will take 10 vessels out of service at its dredging division and 14 at its offshore energy division because poor market conditions were likely to persist.
Falls in available work meant utilization of the 150-strong fleet was under pressure, CEO Peter Berdowski said. “Because we expect these market conditions to persist, is is essential that we adapt the size and composition of our fleet.”
The vessels to be scrapped or sold have an average age of 30 years.
Boskalis, in common with most dredgers around the world, flourished during an earnings bonanza around Egypt’s Suez Canal enlargement project that ended last year. No projects of comparable scale have since been forthcoming.
Offshore engineers have been hit hard by low oil and commodity prices, which have forced energy companies to cut exploration budgets and extract less of the hard-to-reach deposits in which they specialize.


Paris Air Show: After Boeing showstopper, Airbus seeks order bounce

Updated 19 June 2019
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Paris Air Show: After Boeing showstopper, Airbus seeks order bounce

  • British Airways owner IAG signs letter of intent to buy 200 of its 737 MAX jets
  • Airbus is looking for up to 200 orders for the A321XLR, which is designed to open up new routes

PARIS: Airbus, reeling from the potential loss of a major customer for its best-selling A320neo as British Airways owner IAG placed a lifeline order for the grounded 737 MAX, prepared to hit back with more orders for its A321XLR on Wednesday.
The planemaker has been negotiating with US airlines investor Bill Franke whose Indigo Partners has also been known to place orders for multiple airlines within its portfolio and could reel it in for the Paris Air Show, industry sources said.
Airbus declined to comment.
After weathering intense scrutiny over safety and its public image, Boeing won a vote of confidence on Tuesday as IAG signed a letter of intent to buy 200 of its 737 MAX jets that have been grounded since March after two deadly crashes.
The surprise order lifted the energy of a previously subdued Paris Airshow, where the talk had been of the possible end of the aerospace cycle, given the issues at both Boeing and Airbus as well as geopolitical and trade tensions around the world.
Australia’s Qantas Airways said on Tuesday it would order 10 Airbus new A321XLR jets and convert a further 26 from existing orders already on the Airbus books.
Airbus is also in talks with leasing company GECAS and has been trying to secure an eye-catching order for the A321XLR from American Airlines, though the world’s largest carrier does not typically make announcements at air shows.
Airbus is looking for up to 200 orders for the A321XLR, which is designed to open up new routes.