Impairments carve a deep hole in Diamond Offshore

US-based Diamond Offshore booked an adjusted loss of more than half a billion USD in the second quarter within a market which does not seem to be bringing much help with it.

BY KATRINE GRØNVALD RAUN

Drilling company Diamond Offshore took a significant cut in the second quarter, when impairments began to hurt severly. The company booked an adjusted net loss of USD 590 million against a profit of USD 90 million in the same period last year, shows the second quarterly report.

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Impairments carve a deep hole in Diamond Offshore

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Cancelled contract costs Maersk Drilling 122 jobs

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs

Front page now

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Kuehne+Nagel triggers unrest among staff with new management structure

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Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market