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Drilling industry sees first signs of desired consolidation

The hard-pressed drilling sector is now seeing the first signs of a consolidation that has been long called for among drilling companies, several of which have had to seek bankruptcy protection under Chapter 11. Drilling companies Noble and Pacific Drilling have now agreed to merge.

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DFDS raises its 2021 outlook

Better-than-expected freight results lead DFDS to upgrade its 2021 outlook. At the beginning of the year, the outlook was low, but the recovery has since been faster than the company expected, said DFDS.

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