Seadrill bags large cash payment after settling rig dispute

John Fredriksen's hard-pressed drilling company Seadrill gets a breather with a large cash payment following conclusion of the dispute concerning rig West Mira. The company also makes a cash impairment to account for the rig's value.

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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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