China Merchants link sparks Seadrill stock

Logistics Offshore

Seadrill reported to be among the potential targets for Chinese group.

China
Merchants
Group
is
eyeing
up
merger
and
acquisition
opportunities
in
the
offshore
drilling
market,
Bloomberg
reports.

It
has
taken
a
look
at
John
Fredriksen’s
Seadrill,
which
is
expected
to
file
Chapter
11
papers
this
month,
and
Shelf
Drilling,
industry
sources
told
the
news
wire.

The
report
helped
drive
up
Seadrill
shares
by
a
85%
on
Friday
with
volumes
well
above
the
daily
average.

China
Merchants’s
current
investments
span
the
shipping,
ports,
real
estate,
financial
services
and
offshore
engineering

Importing and managing the logistics of your precious freight is no easy task. Compliance to U.S. Customs & Border Patrol is essential to your cargo clearing customs. Use a freight forwarder to lower your chances of having shipment delays and to oversee all of your international freight logistics. Contact a customs broker to file your ISF and issue any pre-alerts to avoid penalties and delays, and arrange your ocean freight and imports customs clearance.



Andy Pierce