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Seadrill's rescue plan squeezes shareholders

18 months of rescue attempts have resulted in a restructuring plan for the drilling company Seadrill, which applied for Chapter 11 in the US Tuesday. Existing shareholders will be squeezed, note several analysts.

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Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

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