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Rystad Energy: At least 110 rigs must go to curb downturn

Massive overcapacity in the jack-up rig market means that 110 rigs need to be go before the market can return to balance and the downturn in recent years can be curbed, says Rystad Energy.

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Clipper sailing at rates that incite fresh optimism

"For the first time in a long time, rates are at a level, which might tempt some to order new vessels, but it will not be us," CEO of Clipper Group, Peter Norborg, tells ShippingWatch. One commodity in particular is critical for the company's progress.

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.

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