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Borr Drilling raises millions after securing approval for rescue plan

Rig operator Borr Drilling, which recently secured support for a rescue plan, raises USD 46 million through a share issue that represents a key condition for the rescue plan.

Photo: PR / Marine Money/Marine Money

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One third of Lim family ships have new owners

Around one third of the ships controlled by Hin Leong founder O.K. Lim and his family have new owners, Reuters reports. The rest of the ships are expected to be sold by the end of the year.

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