ShippingWatch

Media: Seadrill's debt has reached USD 14 billion

Rig company Seadrill's debt is far greater than the annual report seems to indicate, reports Dagens Næringsliv. The debt at John Fredriksen's company stands at USD 14 billion. If the company is unable to settle a rescue plan, it could end up as one the biggest bankruptcies in history.

Photo: Seadrill

Log in to read our articles

Welcome to ShippingWatch. A part of our content is exclusive and reserved for our users.

Try us for 14 days

Try a trial subscription for access to our quality journalism

Frontpage right now

Maersk presents flag plan for Hamburg Süd vessels

Maersk Line now reveals to ShippingWatch its plan for how the ships from acquired Hamburg Süd will be flagged going forward. Read on to learn how the ships will be distributed between Denmark and Singapore.

Car carrier cartel met at bars to fix prices

Over six years, sales directors from the major international car carriers met often to coordinate prices and tenders from major car manufacturers. This week, the carriers received huge fines from the EU Competitions Commissioner.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

Related articles

Latest news

Jobs

See all

See all