Shipping investor Tor Olav Trøim and management buy shares in Borr Drilling

Tor Olav Trøim and two other senior executives at Borr Drilling are buying shares in the drilling company on the New York Stock Exchange which recently issued a warning to the company.

Photo: PR / Marine Money/Marine Money

Norwegian investor Tor Olav Trøim is buying more shares in his company Borr Drilling in New York.

According to Norwegian media Finansavisen, Trøim has bought 200,000 shares in the company for a total of USD 158,700 on the New York Stock Exchange.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Multipurpose market red-hot but short on capacity

With acute shortages of capacity, bottlenecks and ensuing delays have continued to affect the multi-purpose sector, where containers are lucrative goods. The rates are currently record high, according to an analysis from Toepfer Transport.

Further reading

Related articles

Trial banner

Latest news

See all jobs