China Merchants link sparks Seadrill stock

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 […]

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GC Rieber slashes loss as Berg takes charge

Norwegian offshore vessel owner reduces red ink on the back of higher utilisation. GC Rieber Shipping has chopped its first-half loss thanks to higher utilisation as new boss Christian Berg takes the helm today. The Oslo-listed owner reported a normalised net deficit of NOK 60.8m ($7.6m), compared to NOK 89.3m in the previous year. This […]

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