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Transocean avoids new tax case in Supreme Court

The Norwegian tax authority has definitively lost a protracted case against Transocean for alleged tax evasion in a case involving the transfer of billions of Norwegian kroner to tax havens via Denmark, reports Dagens Næringsliv.

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Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Wärtsilä's Chinese venture pays off

Finland's Wärtsilä is betting on the Chinese market and has now won a contract to supply 16 engines to four new LNG vessels, states the company, adding that this order confirms growth in the country.

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