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Singapore aims to be hub for companies seeking debt reconstruction

Singapore wants to create a system similar to US Chapter 11, which allows bankrupt companies to apply for protection, which could be relevant for the many carriers in deep debt problems in the country.

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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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