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Seadrill buys time with postponement of major debt

John Fredriksen's struggling rig company Seadrill has obtained permission from its banks to postpone debt worth a total USD 2.4 billion by three months. This buys the company time to land a restructuring deal.

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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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