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Subsea 7 divests ships following major loss

Subsea 7, in which Norwegian Kristian Siem owns a considerable stake, has presented a deficit for the first quarter of more than USD 900 million and plans to divest ten vessels in order to get through the crisis.

Photo: PR/Subsea 7

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Alfa Laval buys StormGeo following bidding war

There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.

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