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Stolt-Nielsen weighs spin-off of chemical tanker business

Following the acquisition of Jo Tankers, Stolt-Nielsen is now thinking about separating Stolt Tankers as an independent company in a move that could pave the way for more acquisitions, CEO Niels G. Stolt-Nielsen tells newspaper Finansavisen.

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MSC to increase capacity of 11 vessels at Chinese yard

Container carrier MSC has signed a deal with a Chinese shipbuilder to increase the length of its 11 container ships, to boost their capacity to 17,000 teu. Competitor CMA CGM has also made a deal with the same yard, report several media.

Seadrill presents new business plan

The John Fredriksen-owned drilling company Seadrill, currently under Chapter 11 in the US, has released a new business plan. The plan indicates significant setbacks in revenue and earnings at Seadrill for the next five years.

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