ShippingWatch

Rescue plan for crisis-stricken rig company approved by court in the US

Heavily indebted rig company Noble Corp., currently under bankruptcy protection in the US, just had its restructuring plan approved by a court in Texas.

Photo: Petros Karadjias/AP/Ritzau Scanpix/AP

Things are slowly starting to look up for crisis-stricken and heavily indebted rig company Noble Corp., which has been under bankruptcy protection in the US since August.

A comprehensive restructuring plan for the debt-ridden rig company was approved Monday Nov. 23 by the United States Bankruptcy Court for the Southern District of Texas, informs Noble Holding Corp. in a press release.

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

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs