ShippingWatch

Transocean books another large deficit

US-based rig group Transocean grew its revenue in the third quarter, though the bottom line shows an even larger deficit than in the previous quarter.

Photo: Reuters Staff / Reuters / Ritzau Scanpix

The world's second-largest rig operator, Transocean, has booked a new massive deficit.

Even though the US-based company grew its revenue in the second quarter, the net result for the period finished at an adjusted deficit of USD 209 million, according to a financial update from the company.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs