Drilling company Diamond Offshore has now left bankruptcy protection under the so-called Chapter 11.
The hard-pressed US company has a financial restructuring plan in place, announced a couple of months ago, and can therefore exit bankruptcy protection.
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Scorpio Tanker has a grim outlook on the tanker market for the rest of the year, as the Covid-19 pandemic continues to cause turbulence in the global economy and the commodity market. The tanker operator posts a loss of USD 115 million in the first half of the year.