Seadrill fighting the clock to avoid receivership

John Fredriksen's efforts to land a refinancing deal for Seadrill continues, and there is no guarantee that an acceptable arrangement can be settled on in time, according to the driller's annual report 2016. A possible consequence could be Chapter 11, says the company.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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