There is a high likelihood of rig operator Seadrill soon ending up in receivership, says Magnus Olsvik, analyst at Kepler Cheuvreux.
The analyst deems it probable that Seadrill will have to enter Chapter 11 in the US during the first half of the year, he tells Finansavisen. This comes after several subsidiaries have already applied for Chapter 11.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
UN says fossil fuel projects wrecking climate goals
Approaching 2030, far more oil, gas and coal is set for extraction than allowed by the Paris agreement.
Skuld cautions shipowners about cases involving contaminated bunker fuel
Norwegian insurer Skuld is seeing an uptake in cases involving bunker fuel that buyers say failed to live up to the quality that was ordered. Skuld recommends that shipowners and charterers test the fuel they have ordered from bunker suppliers.
Shipowners rushing to place orders for mid-sized container vessels in 2021
A strong market for chartering out container vessels has triggered a huge influx of orders at shipyards for small and mid-sized container vessels. One shipowner is behind a big share of the orders, according to Alphaliner.
Shipowners on EU proposal: Loopholes risk undermining efforts towards green shipping
The use of paper documents by fuel suppliers outside the EU could threaten the enforcement of rules for the transition of shipping to green fuels, warns European shipowners' organization ECSA.
Port of Rotterdam reports substantial volume growth
The Port of Rotterdam has seen volumes soar over the course of 2021.
Senior Accountant to Finance & Accounting 
Coordinator / Marine Operator / Operations 
Operations Executive 
Re-posting: Do you want to help set the agenda for the maritime competencies of the future? 
Shipping & Logistics Coordinator – Seafood 
Legal Counsel for an international shipping company 
Chief Business Officer for Cruise 
Senior Sales Director Naval - Terma 
Commercial Operations - Stena Bulk