Bourbon settles major debt reorganization

Offshore carrier Bourbon has rescheduled and reorganized debt for close to a billion euro as part of its "Stronger for longer" action plan to weather the current downturn in the oil and gas sector. The debt will now mature gradually ahead of 2025.

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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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