ShippingWatch

Resurrected Noble Corporation debuts with quarterly deficit

The 100-year-old drilling company Noble Corporation, which left bankruptcy protection in the first quarter, has now been financially restructured and taken over a competitor, delivering a minor deficit as a "newborn" company in the first quarter.

Photo: Colourbox

The experienced US drilling company Noble Corporation, which turned 100 a few weeks ago, has released the first quarterly report after three dramatic months.

The quarterly report shows a deficit of USD 28 million and a revenue of USD 159 million compared to the fourth quarter of 2020, which resulted in a deficit of USD 25 million and a revenue of USD 195 million.

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 today

More from ShippingWatch

Hapag-Lloyd upgrades its full-year forecast

Hapag-Lloyd upgrades its full-year forecast for 2021, as the container carrier's operating result increased by close to USD 3 billion in the first half of the year, according to preliminary figures released Friday.

Port congestion and sky-rocketing freight rates hit Barbie

The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.

Further reading

Related articles

Trial banner

Latest news

See all jobs