Transocean doubles deficit in third quarter

The world's second-largest rig operator Transocean doubled its loss in the third quarter, booking a large million-dollar deficit. Major impairments on three floating rigs especially contributed to dragging down the bottom line.

Photo: PR/Transocean

The world's second-largest rig operator, Transocean, lost USD 825 million on its bottom line in the third quarter.

This deficit is nearly twice at large as the USD 409 deficit booked in the same quarter of 2018, shows the company's third-quarter interim report published Tuesday.

Read the whole article

Get 14 days free access.
No credit card required.

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

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Further reading

Related articles

Trial banner

Latest news

See all jobs